A horse was found to be capital property, not-withstanding that it was described as "inventory" in the taxpayer's return. Rouleau J. stated: "It is well established that a taxpayer can neither increase nor decrease his tax liability by the intentional or erroneous use of magic words in his accounts."
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
332581
Extra import data
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