Description
This article, written by Don Goodison, FCGA, examines the case of Brian D. Sumner v. Her Majesty The Queen, which was appealed to the Tax Court of Canada. The case centered on whether Mr. Sumner was engaged in running a business, and whether he could therefore deduct massive amounts of expenses against a very small revenue stream. The Court decision reflected several determining factors behind whether Mr. Sumner’s enterprise was to be treated for tax purposes as a business or as a personal endeavour. This article is published in CGA Magazine.