40(2)(g)(ii)

Income Tax Folio S4-F8-C1, Business Investment Losses

Series 4: Businesses Folio 8: Losses Chapter 1: Business Investment Losses Summary A taxpayer’s business investment loss is basically a capital loss from a disposition of shares in, or a debt owing to the taxpayer by, a small business corporation (SBC) where the disposition is: to an arm’s-length person; or one to which subsection 50(1) applies. One-half of this loss …

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Byram v. Canada, 1999 FCA

Date:19990125   Docket: A-684-94   CORAM:      STONE J.A.          McDONALD J.A.          SEXTON J.A. BETWEEN:      HER MAJESTY THE QUEEN Appellant -and- EDWIN J. BYRAM Respondent REASONS FOR JUDGMENT McDONALD J.A. [1]      The issue to be decided in this case is whether a taxpayer can claim an allowable capital loss pursuant to subparagraph …

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