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When Establishing Whether the Sale of an Asset Is Capital

Question 1

Multiple Choice

When establishing whether the sale of an asset is capital income or business income, which of the following is not one of the factors which the courts take into consideration when determining the original intention of a transaction?


A) Period of ownership
B) Relation of transaction to taxpayer's business
C) Canadian residency test
D) Number and frequency of transactions

Correct Answer:

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