18 July 2006 Internal T.I. 2006-0170871I7 - Investment banker fees -- summary under Paragraph 20(1)(bb)

A bidder, who did not yet own all the shares of a particular corporation and obtained the services of an investment banker on a commission basis to acquire the remainder of the shares, would not be entitled to claim a deduction under s. 20(1)(bb) with respect to the commission paid by it. That expense would be added to the adjusted cost base of the acquired shares.