Advances totalling approximately $4.9 million that the taxpayer made to a corporation over the course of nine years were found to be doubtful from the outset and in their entirety given that at no point was the corporation in a position to pay either the principal or the interest. Accordingly, the interest income that accrued in each year was offset by a doubtful debt reserve.
Topics and taglines
Tagline
reserve available from outset
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
336145
Extra import data
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"field_legacy_header": "<strong><em>92735 Canada Ltd. v. The Queen</em></strong>, 99 DTC 771, Docket: 97-2811-IT-G(TCC) <strong>[reserve available from outset]</strong>",
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