Stock Exchange Building Corp. Ltd. v. Minister of National Revenue, [1955] S.C.R. 235, 55 DTC 1014, [1955] CTC 5 -- summary under Financing Expenditures

By services, 28 November, 2015

Interest payable on interest in default on a debenture of the taxpayer was a capital expenditure. The provision for the payment of such compound interest was "part of the consideration promised by the appellant in order to secure its capital."

Topics and taglines
Topic
Income Tax Act - s. 18(1)(b) - Capital Expenditure v. Expense - Financing Expenditures
Tagline
compound interest payable on capital account
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335502
Extra import data
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