Watt v. Canada, 2001 DTC 5237, 2001 FCA 72 -- summary under Subsection 31(1)

By services, 28 November, 2015

The Court deferred to the finding of the Tax Court Judge that the taxpayer's dental practice remained the focus of his occupational life and his farming operation was subordinate to his dentistry practice. Accordingly, the deductibility of farming losses sustained by the taxpayer was restricted by s. 31(1).

Topics and taglines
Topic
Income Tax Act - s. 31(1)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337830
Extra import data
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