in satisfaction of

Transocean Offshore Ltd. v. Canada, 2005 DTC 5201, 2005 FCA 104 -- summary under Subsection 212(1)

Full Title
Transocean Offshore Ltd. v. Canada, 2005 DTC 5201, 2005 FCA 104
Summary Under
Tax Topics - Income Tax Act - Section 212 - Subsection 212(1)
damages to lessor for advance lease repudiation were in lieu of rent

Lump-sum damages received by the non-resident taxpayer from Canadian residents for the repudiation, prior to the slated operational commencement...

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Words and Phrases
on account of
in satisfaction of
in lieu of
rent
au titre
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