incur

ExxonMobil Canada Resources Company v. The King, 2026 TCC 42 -- summary under Incurring of Expense

Full Title
ExxonMobil Canada Resources Company v. The King, 2026 TCC 42
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense
taxpayer incurred costs as a result of a partial assignment to it of an agreement for conducting a feasibility study

The US parent of the taxpayer (“EM Corp.”), and two other oil and gas companies (“BP Alaska” and “Phillips Alaska”) entered into an...

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Words and Phrases
incur
Summary Under
Tax Topics - Income Tax Regulations - Regulation 1206 - Subsection 1206(1) - Canadian exploration and development overhead expense - Paragraph (d)
mark-up in the charges for geophysical services by a connected corporation to an exploration company over its incurred costs would be excluded as CEDOE

BCO will be issuing flow-through shares to fund exploration work. A second company (ACO), which is wholly owned by the controlling shareholder of...

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Words and Phrases
incur

Lewski v Commissioner of Taxation, [2017] FCAFC 145 -- summary under Incurring of Expense

Full Title
Lewski v Commissioner of Taxation, [2017] FCAFC 145
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense
obligation to pay purchase price was incurred on agreement date rather than subsequent closing

On June 30, 1999, a trust of which the taxpayer was a beneficiary had a 40% (later reduced to 2%) interest in a syndicate (that entered into an...

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Words and Phrases
incur
Summary Under
Tax Topics - Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(a)
prepaid expenses not recognized before incurred

What impact does the timing of payment of medical expenses have on the computation of the medical expense tax credit ("METC") in s. 118.2(1),...

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Words and Phrases
incur
Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 5
"assembly" and "installation" project

Art. V, subpara. 2(g) of the Canada-Brazil Treaty included an "assembly project" in the definition of permanent establishment, rather than using...

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Words and Phrases
incur to incur assembly installation

C.I.R. v. Lo and Lo, [1984] B.T.C. 281 (PC) -- summary under Timing

Full Title
C.I.R. v. Lo and Lo, [1984] B.T.C. 281 (PC)
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Timing
accrued retirement obligation

Each long-term employee of a law firm was entitled, upon retirement, to a lump-sum payment from the firm roughly equivalent to 1/24 of his annual...

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Words and Phrases
incur
to incur

The Queen v. Burnco Industries Ltd., 84 DTC 6348, [1984] CTC 337 (FCA) -- summary under Timing

Full Title
The Queen v. Burnco Industries Ltd., 84 DTC 6348, [1984] CTC 337 (FCA)
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Timing

The taxpayer was obligated under an agreement with a municipality to replace earth that it removed in the process of excavating a gravel pit....

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Words and Phrases
incur
to incur

Ensign Tankers (Leasing) Ltd. v. Stokes, [1989] B.T.C. 410 (Ch.D.) -- summary under Incurring of Expense

Full Title
Ensign Tankers (Leasing) Ltd. v. Stokes, [1989] B.T.C. 410 (Ch.D.)
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense

At 477:

"'To incur' means 'to render oneself liable to'."

Words and Phrases
incur
to incur

Edmonton Liquid Gas Ltd. v. The Queen, 84 DTC 6526, [1984] CTC 536 (FCA) -- summary under Incurring of Expense

Full Title
Edmonton Liquid Gas Ltd. v. The Queen, 84 DTC 6526, [1984] CTC 536 (FCA)
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense
expense incurred as no refund rights

MacGuigan JA rejected the position of the Minister that amounts paid to a drilling operator in 1974 for drilling work to be performed in 1975 did...

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Words and Phrases
incur
to incur
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