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?

Question

Quizplus · Accepted Answer

The Canadian residency test is not a factor considered by courts when determining the original intention of a transaction for classifying income as capital or business income. The other options relate directly to the nature and intent of the transaction.

When Establishing Whether the Sale of an Asset Is Capital