Allard v. The Queen, 2007 DTC 1667, 2005 TCC 91 (Informal Procedure) -- summary under Business Source/Reasonable Expectation of Profit

By services, 28 November, 2015

The taxpayer, who rented out a property to his parents at a modest monthly amount, without any rental increases from 1997 to 2002, so that it was impossible to cover the major expenses associated with the property, was unable to demonstrate that his predominant intention in renting the property was to profit from that activity.

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
337750
Extra import data
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