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

a
78
b
38
c
68
d
47
e
32
f
30
g
16
h
10
i
70
j
2
k
2
l
30
m
49
n
22
o
35
p
75
q
2
r
69
s
76
t
44
u
12
v
8
w
19
y
2

MNR v. Peninsular Investments Ltd., 63 DTC 1149 (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