Words and Phrases - "bonds, debentures, securities or other indebtedness"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
72
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

MNR v. Peninsular Investments Ltd., 63 DTC 1149, [1963] CTC 230 (Ex Ct)

Summary Under
Tax Topics - Income Tax Act - Section 133 - Subsection 133(1)
"interest on bonds, debentures ... or other indebtedness" excuded only interest deductible on general principles as on indebtedness incident to and incurred in the business' day-to-day transactions

The taxpayer, which was a non-resident-owned investment corporation that invested in shares and bonds, sought to deduct interest paid by it on a...

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Words and Phrases
bonds, debentures, securities or other indebtedness
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Financing Expenditures financing of its transactions was not an integral part of the taxpayer's business 171