R. v. Fogazzi, 92 DTC 6421, [1992] 2 CTC 321 (Ont. C.J. (G.D.)), rev'd 93 DTC 5183 (Ont. CA) -- summary under Business

By services, 28 November, 2015

Before going on to find that the misappropriation by the accused of money received from Italian relatives did not give rise to income from an adventure in the nature of trade, Sheppard J. stated (p. 6427):

"'Adventure or concern' means the isolated nature of the transaction. 'In the nature of trade' means this person has conducted himself in the same manner as a person who would have who is in the business of trading in land."

Topics and taglines
Topic
Income Tax Act - s. 248(1) - Business
Words and phrases
adventure in the nature of trade
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337115
Extra import data
{
"field_legacy_header": "<strong><em><a name=\"Fogazzi\"></a>R. v. Fogazzi</em></strong>, 92 DTC 6421 (Ont. C.J. (G.D.))",
"field_override_history": false,
"field_sid": "",
"field_topic_category": ""
}