L.d.g. 2000 Inc. v. The Queen, 2003 DTC 827 (TCC) -- summary under Improvements v. Repairs or Running Expense

By services, 28 November, 2015

The taxpayer purchased for $285,000 a building with a leaky roof. After evaluating the possibility of repairing the old roof, the taxpayer determined to construct a new roof, with a different slope, on top of the old roof, so that the old roof would then serve as a partition. The $57,304 expense incurred in performing this work was a capital expenditure.

Topics and taglines
Topic
Income Tax Act - s. 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335604
Extra import data
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