Gladden Estate v. The Queen, 85 DTC 5188, [1985] 1 CTC 163 (FCTD) -- summary under Article 13

By dwpv, 28 November, 2015

The "sale or exchange" of capital assets under Article VIII of the 1942 Canada-U.S. Convention included a deemed disposition of capital property under s. 70(5)(a) of the Act. "[T]o hold that a deemed disposition would, as claimed by the Minister, be taxable as a capital gain while a true sale or exchange would not, would be both unreasonable and absurd".

Topics and taglines
Topic
Treaties - Income Tax Conventions - Art. 13
Tagline
deemed disposition
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
340575
Extra import data
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