Robert Bédard Auto Ltée. v. MNR, 85 DTC 643, [1985] 2 CTC 2354 (TCC) -- summary under Disposition of Property

The taxpayer was found to have disposed of its land and building at the same time that it sold the balance of its business to a purchaser when it agreed that the sale of the business was conditional upon the purchaser entering into a lease of the land and building for five years with an obligation to purchase within that period of time for a specified price (with such a lease - purchase agreement subsequently being entered into but made retroactive to the date of the sale of the business).