Daishowa-Marubeni International Ltd v Canada is a significant case of the Supreme Court of Canada concerning the application of Canadian income tax law, as well as the purposive interpretation of statutes.
Daishowa-Marubeni International Ltd v Canada is a significant case of the Supreme Court of Canada concerning the application of Canadian income tax law, as well as the purposive interpretation of statutes. (en)
#As the cost of reforestation is not a distinct existing liability of the vendor, the assumption of such cost is thus excluded from proceeds of disposition independent of whether the cost is absolute or contingent.
#Any amount that the parties assigned to the reforestation obligations in the sale agreement was simply a factor in determining the fair market value of the forest tenures. (en)
Daishowa-Marubeni International Ltd v Canada is a significant case of the Supreme Court of Canada concerning the application of Canadian income tax law, as well as the purposive interpretation of statutes. (en)