Greenberg v. The Queen, 2007 DTC 124, 2006 TCC 608 -- summary under Capital Loss v. Loss

By services, 28 November, 2015

The taxpayer, a lawyer, who followed a practice of lending to start-up private companies and receiving shares of the companies (generally a 50% bloc) for nominal consideration, with a view to realizing gain after the companies had raised further funds through private placements or by going public. A loss he sustained on such a loan was on income account.

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Topic
Income Tax Act - s. 18(1)(b) - Capital Loss v. Loss
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335708
Extra import data
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