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From Youngman v. The Queen, 90 DTC 6322, [1990] 2 CTC 10 (FCA) | Tax Interpretations by Une société construit une maison de luxe pour son actionnaire

Concepts

1. Reassessment

   "Pratte J.A. described the appeal as arising from a judgment of the Trial Division dismissing the appellant's appeal from a reassessment of his income tax for the 1979 taxation year. The reassessment

2. House Construction

   "The appellant was a chartered accountant and licensed trustee in bankruptcy and one of the main shareholders of Andrich Developments Limited, an Ontario company incorporated for various purposes incl

3. Occupancy Costs

   "On August 31, 1978, the appellant sold his Forest Hill home for $86,500 and immediately loaned the proceeds, interest free, to his company to assist in financing construction of the new home. The com

4. Benefit Valuation

   "The respondent stated that the appellant, his wife Beatrice, and their three children owned all of the issued voting shares of Andrich Developments Limited, with the appellant and his wife holding 1,

5. Rental Evidence

   "At trial, the appellant and his wife testified about the circumstances in which the house had been built. The appellant said that the decision was made not only to provide his family with a bigger an