Schwartz v. Canada, 96 DTC 6103, [1996] 1 SCR 254 -- summary under Business Source/Reasonable Expectation of Profit

By services, 28 November, 2015

Major J. stated, in an obiter dictum (at p. 6120) that "in the long line decisions that distinguish a 'business' from a 'hobby', it has been consistently held that where the activity in question falls outside the definition of 'business', any profits recognized are not subject to tax under s. 3."

Topics and taglines
Topic
Income Tax Act - s. 3(a) - Business Source/Reasonable Expectation of Profit
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337709
Extra import data
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"field_legacy_header": "<strong><em>Schwartz v. The Queen</em></strong>, 96 DTC 6103, [1996] 1 S.C.R. 254",
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