Tonn v. The Queen, [1996] 1 CTC 205 (FCA) -- summary under Income-Producing Purpose

By services, 28 November, 2015

Before going on to find that rental losses incurred by the taxpayers were fully deductible by them, Linden J.A. stated (at p. 6005) that s. 18(1)(a) required that an:

expense must have been incurred within a business framework, bearing some relation to the income earning process ... . [S]uch intention, strictly speaking, is subjective; no requirement of objective reasonability is expressly imposed by the section.

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expenses must be incurred within business framework
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Drupal 7 entity type
Node
Drupal 7 entity ID
335168
Extra import data
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