MNR v. Enjay Chemical Co. Ltd., 71 DTC 5293, [1971] CTC 535 (FCTD) -- summary under Adjusted Cost Base

By dwpv, 28 November, 2015

The forgiveness of trade indebtedness owing by the taxpayer reduced the cost of inventory on hand at that time which it had acquired in the previous taxation year.

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Income Tax Act - s. 54 - Adjusted Cost Base
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Node
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