Words and Phrases - "ordinary"

a
89
b
44
c
86
d
56
e
43
f
31
g
20
h
15
i
77
j
2
k
2
l
32
m
57
n
28
o
40
p
82
q
3
r
78
s
95
t
47
u
16
v
10
w
23
y
2

Bailey v. MNR, 90 DTC 1321, [1990] 1 CTC 2450 (TCC)

Summary Under
Tax Topics - Income Tax Act - Section 10 - Subsection 10(1)
write-down of land held as adventure even though it was not used in "carrying on" a business

The taxpayers, who acquired farm land in connection with an adventure in the nature of trade and not for use in a trade, were entitled to write...

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Words and Phrases
ordinary carry on