Ferrel v. R., 97 DTC 1565, [1998] 1 CTC 2269 (TCC) -- summary under Subsection 56(4)

By services, 28 November, 2015

The taxpayer who was the sole trustee of the family trust that, by utilizing his services, provided management services to corporations in which the trust had direct or indirect interests. S.56(4) did not apply to include the management fees paid to the trust in the income of the taxpayer because the taxpayer did not have any right in law to receive those fees.

Topics and taglines
Topic
Income Tax Act - s. 56(4)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338299
Extra import data
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