Words and Phrases - "trader or dealer in securities"

a
86
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
73
j
2
k
2
l
32
m
56
n
25
o
38
p
80
q
3
r
76
s
89
t
46
u
15
v
9
w
23
y
2

The Queen v. Vancouver Art Metal Works Ltd., 93 DTC 5116, [1993] 1 CTC 346 (FCA)

Summary Under
Tax Topics - Income Tax Act - Section 39 - Subsection 39(5) - Paragraph 39(5)(a)
"trader or dealer" need not be licensed

In rejecting the taxpayer's submission that s. 39(5)(a) should be limited to persons who are registered or licensed by regulatory authorities to buy and sell securities, Létourneau J.A. stated (p. 5120) that:

"The words 'trader or dealer in securities' ... are broad enough to include anyone other than a person engaged in an adventure or concern in the nature of trade"

Words and Phrases
trader or dealer in securities
Locations of other summaries Wordcount
Tax Topics - Statutory Interpretation - Expressio Unius est Exclusio Alterius restriction applied to only one case implies not applicable elsewhere 106
Tax Topics - Statutory Interpretation - Legislative History 87
Tax Topics - Statutory Interpretation - Noscitur a Sociis 66