Gold v. The Queen, 77 DTC 5430, [1977] CTC 616 (FCTD) -- summary under Shares

By dwpv, 28 November, 2015

The purchase and sale of shares of a public company within the same month by a Revenue Canada employee gave rise to a capital loss. His investments in the stock market were relatively infrequent, he did not claim the loss as a trading loss in his return or before the Tax Review Board, and there was no evidence of any speculative borrowings.

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