6 April 1993 T.I. (Tax Window, No. 30, p. 5, ¶2493) -- summary under Subsection 50(1)

Anderson v. MNR, 92 DTC 2296 (TCC) (in which a letter of the taxpayer's accountant requesting the application of an allowable business investment loss to prior years was found to constitute an election) is not a precedent in this regard because it was based on its particular facts and because the Court felt the taxpayer was entitled to an allowable business investment loss on the deemed disposition of the debt owing to him by his corporation.