Ellis v. The Queen, 2007 DTC 996, 2007 TCC 289, aff'd 2008 DTC 6230, 2008 FCA 92 -- summary under Income-Producing Purpose

By services, 28 November, 2015

A fee paid by the taxpayer to Ernst & Young LLP for advice in connection with strategizing as to how to monetize his shares through a forward exchange contract were not incurred to assist him in gaining or producing income from the shares and, therefore, were not deductible.

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Topic
Income Tax Act - s. 18(1)(a) - Income-Producing Purpose
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Drupal 7 entity type
Node
Drupal 7 entity ID
335222
Extra import data
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