Canfor Ltd. v. Minister of Finance for BC, [1976] CTC 429 (BCSC), aff'd [1977] CTC 616 (SCC), rev'g [1977] CTC 269 (BCCA) -- summary under Accounting Principles

By services, 28 November, 2015

Before considering various terms in the Corporation Capital Tax Act (BC), Fulton J. stated (pp. 431-432):

"that where a word or expression used in a taxing statute is not expressly defined or interpreted in that statute, then if that word or expression has an accepted meaning or application in accordance with ordinary commercial or accounting principles, that meaning or application is to be given to the word or expression in applying the statute."

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Topic
General Concepts - Accounting Principles
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
332436
Extra import data
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