Boulanger v. HMQ-Canada, 2004 DTC 6192, 2003 FCA 332 -- summary under Small Business Corporation

A corporation's only assets since 1992 had comprised a vacant property and a sum owing for the sale of one-half of another property that originally had been intended for the operation of a business. In these circumstances, the Tax Court had not erred in concluding that the corporation did not qualify as a small business corporation when the taxpayers disposed of their shares in 1996.