substantially advanced

After finding that s. 194(4.2) had retroactive effect to the date that the restriction was first announced on October 10, 1984 by the Minister of Finance, Joyal J. went on to find that the issuer ("Dell") had entered into arrangements that were "substantially advanced" by that date:

A project to utilize a timber resource to produce oriented strand board in Grande Prairie was found to be "substantially advanced" before February 22, 1994 given that before that date the taxpayer "had done an immense amount of work ... to put itself in a highly informed and highly equipped position to prepare and submit [after that date] what proved to be a winning bid" (p. 510). Bell T.C.J. noted (at p.