Adjusted Business Income
See Also
Irving Oil Ltd. v. The Queen, 2000 DTC 2164 (TCC)
In finding that refund interest received by the taxpayer following a successful appeal of a substantial assessment represented business income...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 125.1 - Subsection 125.1(3) - Canadian Manufacturing and Processing Profits | 99 |
Administrative Policy
11 April 1995 Internal T.I. 7-942949
Interest earned on overpayments of taxes are not income from an active business.
Cost of capital
Normally
Rental Cost
Cost of Labour
See Also
NRB Inc. v. The Queen, 93 DTC 295 (TCC)
The taxpayer, which used employees throughout the year to manufacture and erect modular buildings, was able to treat amounts paid to...
Cost of Manufacturing and Processing Capital
See Also
D.MNR for Customs and Excise v. Amoco Canada Petroleum Co. Ltd., 86 DTC 6008, [1986] 1 CTC 124 (FCA)
The word "directly" in s. 1(a) of Part XIII of Schedule III to the Excise Tax Act was found to have a broad meaning of "without any intervening...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Statutory Interpretation - Ordinary Meaning | 25 |
Cost of Manufacturing and Processing Labour
Administrative Policy
9 October 1990 Memorandum (Tax Window, Prelim. No. 1, p. 23, ¶1030)
Where the cost of foreign-based engineering designs of products and production facilities is included in amounts charged to a Canadian corporation...
Qualified Activities
Cases
St. Catharines Standard Ltd. v. The Queen, 78 DTC 6168, [1978] CTC 258 (FCTD)
The receiving and storing of news by reporters at a newspaper, the researching and writing of articles or the preparation of advertisements, and...
See Also
Lomex Inc. v. MNR, 92 DTC 2253 (TCC)
An operation of transporting animal residues (e.g., bones, meatscraps, feathers, blood and offal) by specially-adapted trucks to the taxpayer's...
Administrative Policy
November 1991 Memorandum (Tax Window, No. 13, p. 13, ¶1578)
Minerals extracted from a mineral resource which have not been subsequently manufactured or processed do not constitute finished goods.
91 CPTJ - Q.30
Oil and gas which has been extracted and which is not yet been subsequently manufactured or processed does not constitute finished goods.