Stremler v. The Queen, 2000 DTC 1757 (TCC) -- summary under Subsection 10(1.01)

By services, 28 November, 2015

The Minister took the position that all costs incurred by the taxpayers subsequent to their acquisition of rental condominium units as adventures in the nature of trade were required to be capitalized. McArthur TCJ. found that the wording of s. 10(1.01) and the accurate-picture doctrine in the Canderel case required that these carrying expenses be deducted when incurred.

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Topic
Income Tax Act - s. 10(1.01)
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Node
Drupal 7 entity ID
333292
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