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

Question

Quizplus · Accepted Answer

The Canadian securities test is not a factor that the courts take into consideration when determining the original intention of a transaction. The other factors mentioned- period of ownership, number and frequency of transactions, and relation of transaction to taxpayer's business- are all relevant factors taken into consideration by the courts to determine the original intention of a transaction.

When Establishing Whether the Sale of an Asset Is Capital