Hanna v. The Queen, 2011 DTC 1279 [at at 1584], 2011 TCC 382 (Informal Procedure) -- summary under Business Source/Reasonable Expectation of Profit

The taxpayers held a rental property, which they intended to use to assist refugees coming to Canada. Campbell J. found that their expenses in connection with the property, including mortgage expenses, were not deductible. As there was a personal element involved in operating the rental property, the appropriate test was pursuit of profit (para. 12), and the sporadic nature of the rental activity and the lack of business-like behaviour with respect to the property did not suggest that profit was being pursued.