Curtis v. The Queen, 2012 DTC 1212 [at at 3575], 2012 TCC 248 (Informal Procedure) -- summary under Subsection 31(1)

By services, 28 November, 2015

The taxpayer's farming losses were not deductible given that the farm lacked the potential for profit. Boyle J. stated that in the taxpayer's "best case scenario of size of herd, sales and prices, his farming activities could never be profitable as carried out by him or planned to be carried out by him."

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Income Tax Act - s. 31(1)
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Node
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337841
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