Kelowna Flightcraft Air Charter Ltd. v. The Queen, 2003 DTC 611, 2003 TCC 347 -- summary under Improvements v. Repairs or Running Expense

By services, 28 November, 2015

The installation of a system on aircraft of the taxpayer in order for them to comply with new regulations that required the aircraft to be quieter on takeoff, approach and landing, merely allowed the aircraft to maintain their normal values and to continue operating under the new noise regulations in the same way as they had done in the past. Accordingly, the costs of purchase and installation were fully deductible on income account.

Topics and taglines
Topic
Income Tax Act - s. 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335603
Extra import data
{
"field_legacy_header": "<strong><em>Kelowna Flightcraft Air Charter Ltd. v. The Queen</em></strong>, 2003 DTC 611, <a href=\"http://decision.tcc-cci.gc.ca/en/2003/2003tcc347/2003tcc347.html\">2003 TCC 347</a> ",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}