Nadoryk v. Canada, 2003 DTC 5744, 2003 FCA 458 -- summary under Business Source/Reasonable Expectation of Profit

By services, 28 November, 2015

The Tax Court had correctly found that the taxpayer, who worked as a full-time employee, was not using his residence in connection with an auto sales business. As there was a personal element in his use of the residence, it was appropriate for the Tax Court Judge to apply the reasonable expectation of profit test.

Topics and taglines
Topic
Income Tax Act - s. 3(a) - Business Source/Reasonable Expectation of Profit
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337729
Extra import data
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