Bow River Pipelines Ltd. v. Canada, 2000 DTC 6090 (FCA) -- summary under Adjusted Cost Base

The taxpayer received a 99.99% limited partnership interest on a rollover basis and then received the resource properties of the partnership in question when the partnership subsequently dissolved following the acquisition by the taxpayer of the remaining 0.01% general partnership interest. The Court found that the cost to the taxpayer of the resource properties was equal to the fair market value of the limited partnership interest prior to the dissolution of the partnership rather than its nominal cost.