Leonard Pipeline Contractors Ltd. v. R., 98 DTC 6134, [1998] 2 C.T.C. 399 (FCTD) -- summary under Nature of Income

By services, 28 November, 2015

On the purchase of a business, the taxpayer agreed with the vendor that the vendor would share in the proceeds of a joint venture agreement. The amounts that were paid to the vendor pursuant to this participation agreement were (following Wilson) not income in the hands of the taxpayer.

Topics and taglines
Topic
Income Tax Act - s. 9 - Nature of Income
Tagline
amounts received subject to participation agreement obligation
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
339543
Extra import data
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