The taxpayer, a practising lawyer, was not permitted a deduction under s. 20(1)(p)(ii) in respect of losses sustained by her on loans made to two corporations of which she was a direct or indirect minority shareholder given that her business was the profession of law and she made no effort nor was she inclined to lend money to other persons.
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
336209
Extra import data
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"field_legacy_header": "<strong><em>Martin v. The Queen</em></strong>, 2007 DTC 1284, 2007 TCC 339 (Informal Procedure)",
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