Words and Phrases - "water storage tank"
17 July 2007 External T.I. 2007-0220121E5 F - Lac artificiel - catégorie d'amortissement
Before finding that the costs of creating an artificial lake to be used for a fishing resort should be included in Class 6, CRA noted:
… Oriole Park Fairways … 56 DTC 537 … relied on the ordinary meaning of the words "water storage tank" - which includes “a pool or lake, or an artificial reservoir” - to conclude that ponds on a golf course should be capitalized in Class 6
8 January 2008 Internal T.I. 2007-0254881I7 F - Amortissement d'une aire de camping
Regarding the classification of a swimming pools in a campground, the Directorate stated:
As for swimming pools that may be found at campgrounds, we are of the view that they are depreciable property included in Class 6(e) … . Amelia Podhorn v. Minister of National Revenue, 66 DTC 223 (T.A.B.) - which was based on Oriole Park Fairways Limited v. M.N.R. 56 DTC 537 (I.T.B.A.) - … conclude[d] that a swimming pool in a hotel complex was a water storage tank for the purposes of Class 6(e).
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 17 - Paragraph 17(c) | costs of developing a campground would generally be added to Class 17(c) | 98 |
| Tax Topics - Income Tax Regulations - Regulation 1100 - Subsection 1100(17) | campground, if a business, not subject to leasing property restriction rule | 108 |
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 1 | septic tanks are structures | 167 |