Bastien Estate v. Canada, 2011 DTC 5118 [at at 6014], 2011 SCC 38, [2011] 2 SCR 710 -- summary under Paragraph 12(1)(c)

By services, 28 November, 2015

In the course of concurring reasons provided in finding that a interest income on a deposit with an on-reserve credit union represented property of the taxpayer (a status Indian) that was situated on the reserve, Deschamps J. stated (at para. 89):

...it would be pointless to try to determine the location at which the interest accrued. The accrual of interest results not from an activity, but solely the passage of time.

Topics and taglines
Topic
Income Tax Act - s. 12(1)(c)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333711
Extra import data
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