Succession De Feu Cléophas Saint-Aubin C. La Reine, 2003 TCC 608 (Canlii)
Succession de Feu Cléophas Saint-Aubin c. La Reine, 2003 TCC 608 (CanLII) Date: 2003-09-04 Docket: 2000-1641(IT)G Parallel citations: (2003), 59 D.T.C. 912 URL: http://www.canlii.org/en/ca/tcc/doc/2003/2003tcc608/2003tcc608.html Reflex Record (noteup and cited decisions) Docket: 2000-1641(IT)G BETWEEN: ESTATE OF THE LATE CLÉOPHAS SAINT-AUBIN, Appellant, and HER MAJESTY THE QUEEN, Respondent. [OFFICIAL ENGLISH TRANSLATION] Appeal heard on May 15, 2003, at Montreal, Quebec Before: The Honourable Judge Pierre Archambault Appearances: Counsel for the Appellant: Jacques Renaud Counsel for the Respondent: Nathalie Labbé ____________________________________________________________________ JUDGMENT The appeal from the assessment made under the Income Tax Act for the 1993 taxation year is allowed, with costs to the Respondent, and the assessment is referred back to the Minister of National Revenue for reconsideration and reassessment taking into account that the estate realized a capital gain of $753,500, in accordance with the attached Reasons for Judgment. Signed at Montreal, Quebec this 4 th day of September 2003. "Pierre Archambault" Archambault, J. Translation certified true on this 15 th day of March 2004. Gerald Woodard, Translator Citation: 2003TCC608 Date: 20030904 Docket: 2000-1641(IT)G BETWEEN: ESTATE OF THE LATE CLÉOPHAS SAINT-AUBIN, Appellant, and HER MAJESTY THE QUEEN, Respondent. [OFFICIAL ENGLISH TRANSLATION] REASONS FOR JUDGMENT Archambault, J.T.C.C. [1] The estate of the late Cléophas Saint-Aubin ( Estate ) is appealing a new assessment made by the Minister of National Revenue ( Minister ) under the Income Tax Act for the 1993 taxation year. The Minister made the new assessment by applying the rule ( 21-year rule ) set forth in subparagraph 104(4)( b)(i) and subsection 104(5) of the Act .[1] Pursuant to this rule, the estate is deemed to have disposed of all capital property on January 1, 1993, and the Minister added a taxable capital gain totalling $640,200 to the estate's income for the 1993 taxation year.
[Show full text]