Fortino v. R., 97 DTC 55, [1997] 2 CTC 2184 (TCC), briefly aff'd on procedural grounds 2000 DTC 6060 (FCA) -- summary under Section 3

By dwpv, 28 November, 2015

Lump sums received by individual vendors of shares in consideration for their entering into non-competition agreements with the purchaser were characterized as being for their surrender of a potential source of profit and, therefore, represented capital receipts that were not taxable under s. 3.

Topics and taglines
Topic
Income Tax Act - s. 3
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337779
Extra import data
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