INCOME TAX
Income Calculation
Appeal from T.C.C. decision (2005 TCC 806) M.N.R. improperly included $29,000 in respondent’s income—T.C.C. concluded respondent not acquiring non-qualified investment as victim of sham—T.C.C. erred in grounding ultimate decision on doctrine of sham—Also breached natural justice as doctrine of sham not previously raised—Appeal allowed.
Canada v. Nunn (A-34-06, 2006 FCA 403, Malone J.A., judgment dated 8/12/06, 10 pp.)
You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.