United Geophysical Co. of Canada v. MNR, 61 DTC 1099, [1961] CTC 134 (Ex Ct) -- summary under Paragraph 212(1)(d)

By services, 28 November, 2015

In finding that payments made by the taxpayer to its U.S. parent for the use by it of equipment in its Canadian business represented "rent, royalty or a similar payment" under s. 106(1)(d) of the pre-1972 Act, Thurlow J. stated (at p. 1105):

"... In its ordinary usage, as opposed to its technical legal meaning, the word 'rent', besides referring to returns of that nature from real property, is broad enough to include a payment for the hire of personal property ... . The subsection ... include[s] a fixed amount paid as rental for the use of personal property for a certain time."

Topics and taglines
Tagline
"rent" can be for personalty
Words and phrases
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
336276
Extra import data
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