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 ACTS.................7
isolated  acts  does not carry on an enterprise. 138
) Necessarily, a series of habitual and normal juridical  acts  involving an entrepreneur 162
enterprise. Mr. Bazinet performed repeated, frequent and usual  acts  for the purpose of 246
Province of Quebec and to amend certain  Acts  in order to ensure that each language 842
commercial in nature or not, surrounding the economic activity (that is, a repetition of  acts  or 1144
or providing a service, which  acts  or operations are organized (that is, arranged, planned or 1146
fact of a kind which is not infrequently met with under the Income Tax  Acts , and it is solved in 1196
 
 ACTUAL...............2
Few decisions have been rendered on the  actual  definition of the carrying on of an enterprise. 184
used in an active business include the  actual  use to which the asset is put in the course of the 702
 
 ACTUALLY.............3
raised its capital or that it was  actually  carrying on. 412
corporate operations. The property must  actually  be employed and risked in the taxpayer's 560
carried on and, in particular, when it can be said that it is  actually  carried on. It is 668
 
 ADAPT................1
The definition should be broad enough to allow it to  adapt  to new business realities. It could 910
 
 ADAPTING.............1
and seems to be  adapting  to the current business world. We did not find any decisions involving 186
 
 ADDITION.............12
his tenants objected to Belinco Développement inc. completing the interior work. In  addition , 228
and generally carries on its business through contracts. In  addition , a business is defined based 302
liability towards third parties. In  addition , there is no rebuttable presumption that sole 310
what business includes. We therefore understand that, in  addition  to including sales and 376
become related to it, either by legislative  addition  or developed through the case law. We note 384
out of the single sale of the remaining assets of the business. It has, in  addition , been held that 528
In  addition  to these overlapping legislative provisions, each of which outlines a deductibility test 658
the courts will have to turn to private law to complete it. In  addition , even if the notion of 892
common law. In  addition , the concept of business in common law and in civil law present some 898
treatment of taxpayers across Canada, the  addition  of sections . and . to the 900
 addition  to its ordinary meaning, the word business includes a profession, calling, trade, 1270
business, but merely states that in  addition  to its ordinary meaning it shall include the activities I 1286
 
 ADDS.................2
definition of business and  adds  the following: 350
The author  adds : 830
 
 ADEQUATE.............1
materials, and not merely samples, would have to be  adequate  in quantity. If the proposed 1392
 
 ADMINISTERING........2
commercial in nature, consisting of producing,  administering  or alienating property, or providing 58
operations) of one or more persons, consisting of producing,  administering  or alienating goods, 1146
 
 ADMINISTRATION.......5
goods or services, since it also covers the  administration  and alienation of property. The 172
whether the  administration  of buildings constituted a business within the meaning of the I.T.A.. 262
heritage passes into the commercial  administration  by an owning trader, but that is a question of 1194
 administration  of property did not constitute a business since those activities do not constitute an 1264
under that Act, the  administration  of leased properties may constitute a business, while this is not 1266
 
 ADMINISTRATIVE.......3
. FEDERAL  ADMINISTRATIVE  POSITION 18
. FEDERAL  ADMINISTRATIVE  POSITION 666
 administrative , financial, maintenance or other similar services to the corporation in the year and 1304
 
 ADOPT................1
reasonable meaning is (to  adopt  the language of the Master of the Rolls in Smith v. Anderson, 294
 
 ADOPTING.............1
individual begins to operate a business on his own without  adopting  a particular form with 304
 
 ADOPTION.............2
The  adoption  of this article goes against the doctrine established under the C.C.L.C. The 112
investment groups . Before the  adoption  of the C.C.Q., one might have thought the 116
 
 ADVANTAGE............2
clients, create goodwill or take  advantage  of the market. On the contrary, someone who invests 150
The main  advantage  of this form of business is that it is as easy to create as it is to dissolve. The 306
 
 ADVENTURE............56
.. DISTINCTION BETWEEN THE CARRYING ON OF A BUSINESS AND AN  ADVENTURE  IN THE NATURE OF TRADE 16
particularly when distinguishing between the carrying on of a business and an  adventure  or 34
subject-matter of the  adventure , the sharing of profits and losses, a mutual right of control or 346
paragraph .()(f), an  adventure  or concern in the nature of trade but does not include an 372
note that, although the definition of business covers an  adventure  in the nature of trade, the 380
BUSINESS AND AN  ADVENTURE  IN THE NATURE OF 386
The profits resulting from an  adventure  in the nature of trade are considered to be business 388
income pursuant to the definition of business in subsection () I.T.A. Thus, an  adventure  in 390
One of the first decisions on the concept of an  adventure  in the nature of trade was the 392
that he was involved in an  adventure  in the nature of trade when he personally purchased and 396
decisions, that the terms trade and  adventure  or concern in the nature of trade are not 400
an  adventure  or concern in the nature of trade. 404
The  adventure  in the nature of trade by which the appellant made the profits in question did not 408
The judge held that the profits from the sale of shares resulted from an  adventure  in the nature of 414
 adventure  in the nature of trade and that it was not necessary to determine whether the taxpayer 418
of a business as such, it does not rule out a finding that an  adventure  in the nature of trade 420
from an investment, certain activities have been found to constitute an  adventure  in the nature of 424
purpose of reselling it in connection with an  adventure  in the nature of trade may be valued as 428
defined in section () of the I.T.A. specifically includes an  adventure  in the nature of trade. 430
common law. After determining that Friesen met the common law tests of an  adventure  of 432
The word business is defined in subsection () so as to include, inter alia, an  adventure  or 434
was viewed as an  adventure  in the nature of trade and not an investment. The taxpayers loss 456
nature of a speculation, or an investment. () The terms trade and  adventure  or concern 460
constitute a trade may still be an  adventure  in the nature of trade. () The question whether a 462
particular transaction is an  adventure  in the nature of trade depends on its character and 464
ordinarily do, such a dealing may fairly be called an  adventure  in the nature of trade. () The 466
may well be an important factor in determining that a transaction is an  adventure  in the nature of 472
does not negative the idea of an  adventure  in the nature of trade. The considerations prompting 474
 adventure  in the nature of trade even if there is no intention of making profit on the sale of the 476
before or since does not, of itself, take it out of the category of being an  adventure  in the nature 480
We see from this analysis that income resulting from an  adventure  in the nature of trade will not 482
such income is considered to be business income. The expression  adventure  in the nature 484
 adventure  in the nature of trade for tax purposes and that of the carrying on of an enterprise 488
organized and continuous activity in the first case. Therefore, if there is an  adventure  in the 490
services business and includes an  adventure  or concern in the nature of trade. As 496
In the case of income from carrying on a business, the notion of  adventure  in the nature of 554
intended to be a continuing one or is to be a single transaction in the form of an  adventure  in the 678
engaged in an  adventure  or concern in the nature of trade. However, the expression 686
 adventure  or concern in the nature of trade does not necessarily indicate that a taxpayer 686
must be determined. In deciding whether a particular transaction is an  adventure  or concern in 688
(b) an  adventure  or concern of the person in the nature of trade (other than an adventure 722
(b) an adventure or concern of the person in the nature of trade (other than an  adventure  722
the  adventure  or concern involves the making of exempt supplies by the person;724
whether the appellants activity was a business or an  adventure  in the nature of trade, the judge 740
Commercial activity also includes an  adventure  or concern in the nature of trade and if the 746
Appellants activity is not a business then it is an  adventure  or concern in the nature of 746
whatever, and includes an  adventure  or concern in the nature of trade but does not include an 758
involves an  adventure  or concern in the nature of trade, whereas the C.C.Q. limits the carrying 788
REVENUE CANADA, Interpretation Bulletin IT-  Adventure  or Concern in the Nature 926
Note that an  adventure  in the nature of trade is excluded from the notion of enterprise 1104
Id., at par. , Major J. states the following: The concept of an  adventure  in the nature of 1242
a taxation year from a business that is not an  adventure  or concern in the nature of trade, 1252
manufacture or undertaking of any kind whatsoever and includes an  adventure  or concern in the 1270
words, profession, calling, trade  adventure , concern in the nature of trade imply the idea 1276
REVENUE CANADA, Interpretation Bulletin IT-,  Adventure  or Concern in the 1400
that a transaction was an  adventure  or concern in the nature of trade. See REVENUE 1414

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