Charron v. MNR, 91 DTC 81, [1990] 2 CTC 2609 (TCC) -- summary under Disposition

By dwpv, 28 November, 2015

The taxpayer was held to have disposed of the goodwill of his business to his sons when during the Christmas shutdown he advised his family including his two sons (who currently were involved in the business) that he was retiring, at which point he simply walked away from the business.

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