Wong v. The Queen, 2013 DTC 1114 [at at 606], 2013 TCC 130 (Informal Procedure) -- summary under Shares

By services, 28 November, 2015

VA Miller J found that the sheer number of trades the taxpayer engaged in - exceeding 600 over a period of five years - supported a finding that he intended to acquire securities for resale at a profit (paras. 28-34). Therefore, the Minister was correct in finding that the taxpayer's gains from those activities were profit and his appeal was only allowed in order to correct some of the Minister's calculations.

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