The Queen v. Vancouver Art Metal Works Ltd., 93 DTC 5116, [1993] 1 CTC 346 (FCA) -- summary under Paragraph 39(5)(a)

By services, 28 November, 2015

In rejecting the taxpayer's submission that s. 39(5)(a) should be limited to persons who are registered or licensed by regulatory authorities to buy and sell securities, Létourneau J.A. stated (p. 5120) that:

"The words 'trader or dealer in securities' ... are broad enough to include anyone other than a person engaged in an adventure or concern in the nature of trade"

Topics and taglines
Topic
Income Tax Act - s. 39(5)(a)
Tagline
"trader or dealer" need not be licensed
Words and phrases
trader or dealer in securities
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337907
Extra import data
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