Wickham Estate v. The Queen, 2015 DTC 10125 [at at 102], 2014 TCC 352 (Informal Procedure) -- summary under Oversight or Investment Management

By services, 28 November, 2015

Investment management fees paid by the taxpayer were fully deductible under s. 20(1)(bb) except for the portion thereof that was denied under s. 18(1)(u)). Before so concluding, Paris J stated (at para. 19) that "since the management services provided by Mr. Sanders related to capital assets held by Ms. Wickham, the fees would be non-deductible capital expenditures unless otherwise provided." See detailed summary under s. 20(1)(bb).

Topics and taglines
Topic
Income Tax Act - s. 18(1)(b) - Capital Expenditure v. Expense - Oversight or Investment Management
Tagline
pro rata denial based on portfolio portion invested in RRIF
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335626
Extra import data
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