Canadian Imperial Bank of Canada v. Canada, 2000 DTC 6207 (FCA) -- summary under Inventory

By services, 28 November, 2015

Before finding that gold and silver bullion of the taxpayer qualified as inventory, Sharlow J.A. indicated (at p. 6210):

"Property is 'described in a' taxpayer's inventory if it is inventory as a matter of fact and law. Inventory in its ordinary sense is simply stock in trade, or property held for sale in the ordinary course of a business."

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Income Tax Act - s. 248(1) - Inventory
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inventory is stock in trade
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inventory
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"field_legacy_header": "<strong><em>Canadian Imperial Bank of Commerce v. The Queen</em></strong>, 2000 DTC 6207, <a href=\"http://decisions.fca-caf.gc.ca/en/2000/a-516-97_19358/a-516-97.html\">docket A-516-97</a> (FCA)",
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