Words and Phrases - "yacht"

88
44
80
53
38
31
19
14
74
2
2
32
56
25
38
81
3
76
90
47
16
9
23
2

The Queen v. C.I.P. Inc., 88 DTC 6005, [1988] 1 CTC 32 (FCTD)

A couple acquired a tugboat, converted it to use as their residence, and used it for fishing charter purposes for 4 to 6 weeks a year, including a charter to the taxpayer for business promotion purposes. Since the vessel's primary use was as a residence rather than as a pleasure craft, it was not a "yacht".

Words and Phrases
yacht