Words and Phrases - "tangible"

88
44
81
55
40
31
20
15
75
2
2
32
57
26
38
81
3
78
91
47
16
10
23
2

Gordon v. The Queen, 95 DTC 493, [1995] 2 CTC 2185 (TCC)

partially completed film was depreciable property

A film that was described in evidence as being over 50% complete was found to be depreciable property described in Class 10 given that it was acquired on capital account for an income-producing purpose and given that it had a readily discernable comedy plot, appropriate sound, a beginning, and a developing sequential story, and it had reached the state where it could be shown to professional marketers through a videotape medium. Furthermore, even if it did not qualify as a "motion picture film", then, as an incomplete film, it would qualify as tangible property and, therefore, as a Class 8 property.

Kempo J noted the definition of ’tangible” in Black's Law Dictionary as:

Having or possessing physical form. Capable of being touched and seen ... .

Words and Phrases
tangible