Canada v. Sommerer, 2012 DTC 5126, 2012 FCA 207 -- summary under Subsection 248(5)

By services, 28 November, 2015

In determining whether s. 75(2) should apply to the taxpayer, Sharlow J.A. stated (at para. 46):

This provision must be read together with paragraph 248(5)(a) of the Income Tax Act, which provides, broadly speaking, that for the purposes of most provisions of the Income Tax Act, the notion of the substitution of property contemplates any number of substitutions.

The Court proceeded to find on other grounds that s. 75(2) did not apply.

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Topic
Income Tax Act - s. 248(5)
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Drupal 7 entity type
Node
Drupal 7 entity ID
337476
Extra import data
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