Gillis v. The Queen, 78 DTC 6103, [1978] CTC 44 (FCTD) -- summary under Business

By services, 28 November, 2015

In order for an undertaking to be considered a "business" it must be carried on with a reasonable expectation of profit. Dubinsky, DJ stated (at p. 6110, DTC):

That [the taxpayer] made some isolated sales of potatoes and grain and some hay did not turn what I find as a fact to be a hobby undertaking into a business one.

Topics and taglines
Topic
Income Tax Act - s. 248(1) - Business
Words and phrases
business
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337104
Extra import data
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