Hopmeyer v. The Queen, 2006 DTC 2919, 2006 TCC 185 -- summary under Subsection 50(1)

At the time in question the corporation was serving customers as usual, employees were working as usual, orders were being taken and filled, accounts receivable being collected, the corporation was developing, manufacturing and selling specialized equipment and was engaged in scientific research in experimental development. Lamarre Proulx J. accepted the taxpayer's submission that in order for a person to be carrying on a business, the person must be engaged in the pursuit of profit, but rejected a submission that because the corporation had as an important goal the repayment of its debts, this meant that it no longer was pursuing profit as a purpose.