Crown Forest Industries Ltd. v. The Queen, 2006 DTC 2321, 2006 TCC 47 -- summary under Paragraph 20(1)(c)

The taxpayer, which consistently had filed for income tax purposes using the cash basis for computing its deductible interest, was permitted to follow this method for purposes of the Act. The Terra Mining Exploration case (84 DTC 6185) did not give effect to the express language of the Act permitting the taxpayer to follow the cash basis and was not consistent with subsequent decisions finding that there is no unexpressed legislative intention for conformity with generally accepted accounting principles.