Words and Phrases - "minus"
Canterra Energy Ltd. v. The Queen, 87 DTC 5019,  1 CTC 89 (FCA)
Prior to the introduction of s. 257, the word "minus" in what was then regulation 1207(2)(a)(ii) was held to have been used in its algebraic sense, with the result that the amount determined for the taxpayer pursuant to that regulation was a negative amount. Since regulation 1207(2)(a) was in essence a formula, the word "minus" should be interpreted in its mathematical sense.
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|Tax Topics - Statutory Interpretation - Ordinary Meaning||57|
|Tax Topics - Statutory Interpretation - Resolving Ambiguity||63|