The taxpayer was found to have realized a gain on income account as a result of the expropriation of a 2.2 acre property with a favourable location in the Halifax area, given that its sole shareholder was a trader in real estate and given the absence of any actions taken by it, during the short period (approximately five months) before the province announced its intention to expropriate the property, to give effect to its stated intention to develop the property as a rental property.
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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
339177
Extra import data
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"field_legacy_header": "<a id=\"Vaughan\"></a><strong><em>Vaughan Construction v. MNR</em></strong>, 70 DTC 6268, [1971] S.C.R. 55",
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