Gagnon v. R., 99 DTC 845, [1999] 4 CTC 2426 (TCC) -- summary under Income-Producing Purpose

By services, 28 November, 2015

Bowman T.C.J. stated (at p. 848):

It was argued at some length that the income earned and expected to be earned by the appellants was income from property and that the range of expenses deductible in computing income from property is more restricted than in the case of income from a business. I know of no authority that would justify a more restrictive treatment of expenses relating to the earning of property income.

Topics and taglines
Topic
Income Tax Act - s. 18(1)(a) - Income-Producing Purpose
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335207
Extra import data
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