Davisson v. The Queen, 2000 DTC 2140 (TCC) -- summary under Subsection 15(1)

By services, 28 November, 2015

A loan made by a corporation of which the taxpayer was the sole shareholder to an insolvent corporation owned by his wife ("Arena") gave rise to an inclusion in his hands under s. 15(1) or s. 56(2) given that there was no loan agreement, no agreement for repayment had been established, and Arena had ceased operations when the payments were made.

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Topic
Income Tax Act - s. 15(1)
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loan by husband's corporation to insolvent wife's corporation entailed a taxable benefit
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