Sherman v. The Queen, 2000 DTC 1523 (TCC) -- summary under Section 127.531

By services, 28 November, 2015

In affirming the taxpayer's ability to deduct charitable credits in computing his AMT without also deducting them in computing his liability for tax under Division E, Hamlyn TCJ. stated (at p. 1525):

"Parliament's choice of the word 'may be deducted' is clear and precise: 'may' is permissible [sic] and not mandatory. The words do not lend themselves to an interpretation 'may be deducted and were deducted'".

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Topic
Income Tax Act - s. 127.531
Tagline
"may be deducted" references permissive deduction
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may
may be deducted
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