The taxpayer and another individual acquired corporate debt with a principal amount of $5 million for a purchase price of $10 as well as acquiring shares of the corporation. The adjusted cost base of the debt did not include the value of unpaid labour that the taxpayer provided to the company given that there was no term in the purchase agreement requiring the taxpayer to work without pay.
Topics and taglines
Tagline
no addition for unpaid labour
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338117
Extra import data
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"field_legacy_header": "<strong><em>Trzop v. The Queen</em></strong>, 2002 DTC 6728, 2001 FCA 380",
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