Minister of National Revenue v. Curlett, 67 DTC 5058, [1967] CTC 62, [1967] SCR 280 -- summary under Inventory

By services, 28 November, 2015

The taxpayer, who advanced money at a substantial discount on second mortgage loans, was found to be engaged in a money-lending business. Accordingly, the second mortgages were "inventory" of that business.

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