From Portable Study Buddy – Waseema Noormahomed (SAIT)
- Is the intention of the taxpayer important to determine if something is of a capital or revenue in nature?
- Is ‘capital in nature’ defined in the Income Tax Act?
- What two questions does one need to ask to determine the nature of an amount received by or accrued to a taxpayer?
- Which is the main case that deals with the fruit versus tree analogy?