A corporation engaged in the land development business frequently made loans or advances to groups or entities involved in purchasing, subdividing, servicing, managing and selling lands. Advances which the corporation made to two arm's length land development companies were made in the course of such activities, and the ensuing bad debt losses were deductible.
Topics and taglines
Tagline
money-lending business of land developer
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
336202
Extra import data
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"field_legacy_header": "<strong><em>Wesco Property Developments Ltd. v. MNR</em></strong>, 89 DTC 590 (TCC) <strong>[money-lending business of land developer]</strong>",
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