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

a
82
b
44
c
75
d
50
e
37
f
31
g
17
h
13
i
71
j
2
k
2
l
30
m
51
n
25
o
38
p
79
q
2
r
74
s
85
t
44
u
14
v
8
w
20
y
2
“
1

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