Longueil Meat Exporting Co. v. Minister of National Revenue, (1974) 5 N.R. 167 (FCA)

JudgeJackett, C.J., Lacroix and MacKay, D.J.
CourtFederal Court of Appeal (Canada)
Case DateJune 25, 1974
JurisdictionCanada (Federal)
Citations(1974), 5 N.R. 167 (FCA)

Longueil Meat Exporting Co. v. MNR (1974), 5 N.R. 167 (FCA)

MLB headnote and full text

Longueil Meat Exporting Co. Ltd. v. Minister of National Revenue

Indexed As: Longueil Meat Exporting Co. v. Minister of National Revenue

Federal Court of Appeal

Jackett, C.J., Lacroix and MacKay, D.J.

June 25, 1974.

Summary:

This headnote contains no summary.

Income Tax - Topic 1132

Income from a business - Deductions - Costs of purchase of company shares - The taxpayer in 1966 purchased for $500,000. all of the shares of a company which competed with the taxpayer - The Federal Court of Appeal held that the $500,000. could not be claimed by the taxpayer as a deduction from the income from its business.

Counsel:

D.G.H. Bowman and Richard W. Pound, for the appellant;

Alban Garon, Q.C., and Hughes Richard, for the respondent.

This appeal was heard by the Federal Court of Appeal at Montreal, Quebec, on June 25, 1974. Judgment was delivered by the Federal Court of Appeal from the bench on June 25, 1974.

The judgment of the Court was delivered by JACKETT, C.J.

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1 practice notes
  • Longueuil Meat Exporting Co. v. Minister of National Revenue, (1976) 8 N.R. 250 (SCC)
    • Canada
    • Canada (Federal) Supreme Court of Canada
    • March 23, 1976
    ...JJ. March 23, 1976. Summary: This case is an appeal from the judgment of the Federal Court of Appeal dated June 25, 1974, and reported at 5 N.R. 167. Counsel: D.H. Bowman, Q.C., and Richard W. Pound, for the Alban Garon, Q.C., and Hugues Richard, for the respondent. This appeal to the Supre......
1 cases
  • Longueuil Meat Exporting Co. v. Minister of National Revenue, (1976) 8 N.R. 250 (SCC)
    • Canada
    • Canada (Federal) Supreme Court of Canada
    • March 23, 1976
    ...JJ. March 23, 1976. Summary: This case is an appeal from the judgment of the Federal Court of Appeal dated June 25, 1974, and reported at 5 N.R. 167. Counsel: D.H. Bowman, Q.C., and Richard W. Pound, for the Alban Garon, Q.C., and Hugues Richard, for the respondent. This appeal to the Supre......