00000nam 2200000zi 4500 9.891756 CaOODSP 20221107172956 m o d f cr |n||||||||| 200924s1968 onc ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- Z1-1962/1-1-20E-PDF Z1-1962/1-1/20 Sherbaniuk, Douglas J., author. The concept of income : the receipts side / by Douglas J. Sherbaniuk, Faculty of Law, University of Toronto. Ottawa, Canada : Royal Commission on Taxation : Queen's Printer and Controller of Stationery, 1968. 1 online resource (xii, 220 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Studies of the Royal Commission on Taxation‏ ; no. 20 Digitized edition from print [produced by Privy Council Canada]. "February 1967." Includes bibliographical references. "The determination of what is "income" for tax purposes entails two broad lines of inquiry. First, although the term "income" clearly implies the idea of "receipt" or "coming in", it does not include all amounts which come in, for reasons which are considered in this study. Hence, the initial step in ascertaining income is to distinguish amounts received which are of an income nature from those which are not. The second aspect of the problem, the determination of allowable deductions, stems from the fundamental principle of Canadian income tax law that income means "net income", or gross receipts less certain disbursements and expenses, the deductibility of which, in general, is determined according to ordinary business and commercial principles, subject of course to statutory modifications and limitations"--Preface, page v. Income tax Canada. Taxation Canada. Fiscal policy Canada. Impôt sur le revenu Canada. Impôt Canada. Politique fiscale Canada. Canada. Royal Commission on Taxation, issuing body. Studies of the Royal Commission on Taxation‏ ; no. 20 (CaOODSP)9.873180 PDF 94.40 MB https://publications.gc.ca/collections/collection_2020/bcp-pco/Z1-1962-1-1-20-eng.pdf