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Tax Cases

Canada Trustco Mortgage Co. v. Canada, [2005] 2 S.C.R. 601

A corporate taxpayer, Canada Trustco Mortgage Company, purchased a number of trailers from Transamerica Leasing Inc., which it leased to Maple Assets Investments Limited. Maple, in turn, leased the trailers back to Transamerica, their original owner. As a result of this transaction, Canada Trustco Mortgage Company claimed a capital cost allowance deduction against its new-found […]