Buck Consultants Ltd. v. Canada, 2000 DTC 6015 (FCA) -- summary under Incurring of Expense

By services, 28 November, 2015

The taxpayer sought to deduct during a rent-free period a portion of the rent payments that would become payable for subsequent rental periods. The Court applied The Queen v. Burnco Industries Ltd., 84 DTC 6348, to find that no such deduction was permitted because the taxpayer had no obligation to pay any rent during the rent-free period.

Topics and taglines
Topic
Income Tax Act - s. 18(1)(a) - Incurring of Expense
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Drupal 7 entity type
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Drupal 7 entity ID
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