See Also
Chagnon v. The Queen, 2011 DTC 1205 [at 1216], 2011 TCC 268
The taxpayer, a former president of a corporation, sought to deduct legal fees arising from his successful defence to an action, in which the...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(b) | 128 |
Cormier v. MNR, 90 DTC 1167 (TCC)
On the sale of all the shares of a corporation the purchaser agreed to pay to the corporation's manager a "retirement allowance" equal to the...
Reed Estate v. MNR, 89 DTC 457 (TCC)
A principal residence was a "capital property" within the meaning of ss.54(b) and 80(1)(b), and its adjusted cost base accordingly was available...
Administrative Policy
13 June 2016 External T.I. 2016-0637031E5 - Capital property excludes ECP
The distinction between a capital property (a property giving rise to a capital gain) and an eligible capital property (a property giving rise to...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 98 - Subsection 98(5) | concepts of capital property and eligible capital property do not overlap | 111 |
21 December 2012 Internal T.I. 2009-0327221I7 - Paragraph 7(1)(e) - Death of a Taxpayer
After noting that a deceased employee would be deemed under s. 7(1)(e) to dispose of unexercised stock options at fair market value on death, CRA...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - 101-110 - Section 110 - Subsection 110(1) - Paragraph 110(1)(d) | 75 | |
| Tax Topics - Income Tax Act - Section 164 - Subsection 164(6.1) | 223 | |
| Tax Topics - Income Tax Act - Section 164 - Subsection 164(6.4) | 99 | |
| Tax Topics - Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(c) | FMV basis for stock options received by estate | 105 |
| Tax Topics - Income Tax Act - Section 7 - Subsection 7(1) - Paragraph 7(1)(e) | 99 |
27 April 1998 TI 980014
A lump-sum payment received by the individual shareholder of a corporation upon a sale by that corporation of one of its business divisions and in...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Eligible Capital Property | 59 | |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Property | 59 |
30 October 89 T.I. (March 1990 Access Letter, ΒΆ1146)
The disposition of money in Canadian currency would not result in a capital gain or capital loss. Therefore, money is not a capital property for...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 80 - Subsection 80(1) | 31 | |
| Tax Topics - Income Tax Act - Section 80 - Subsection 80(5) | 31 |