Bifalgorithm post · Vente d'un terrain à sa propre société · B. Meaning of the Word “Gift”

Gift Meaning

Gift Meaning (Vente d'un terrain à sa propre société · B. Meaning of the Word “Gift”) — "The appellants argue that the cash payments were valid gifts because t…

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The appellants’ argument concerns whether the cash payments were valid gifts.
The appellants argue that the cash payments were valid gifts.
They contend that they received nothing of value from making the payments.
The argument raises the question of what the word “gift” means.
The Act does not define the word “gift”.
The appellants rely on the Tax Court’s decision in Morrison v. The Queen, 2018 TCC 220.
Morrison was appealed to this Court.
The appeal did not raise whether Mr. Morrison was entitled to a charitable donation tax credit for his cash payment.

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Gift Meaning

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Vente d'un terrain à sa propre société

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"The appellants argue that the cash payments were valid gifts because they did not actually receive anything of value as a result of making these payments. This argument raises the question — what is the meaning of the word “gift”? The word “gift” is not defined in the Act. The appellants rely on the decision of the Tax Court in Morrison v. The Queen, 2018 TCC 220 (Morrison). Although Morrison was appealed to this Court, the issue of whether Mr. Morrison was entitled to a charitable donation tax credit based on the cash payment that he had made was not before this Court in that appeal."

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