Published:
August 2, 2012 11:25 am EDT
On Wednesday, August 1, the Supreme Court of Canada ruled against the Crown's appeal of a January 2011 Federal Court decision which sided in favour of lawyer/horse owner John Craig. The 2011 decision had allowed Craig to able to deduct more than the $8,750 currently allowed under the much-maligned Section 31 of Canada's Income Tax Act.
For extensive background information on the case, view a comprehensive Trot Insider exclusive on the topic from January 2011 by clicking here.
To view the Supreme Court of Canada's August 1, 2012 ruling in favour of Craig, click here.
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Finally Racing in Canada gets
Finally Racing in Canada gets some good news. John should be commended for persevering so hard at his own expense. He did this because he knew his cause was just. Maybe this antiquated tax law will finally be eliminated.
It's about time! Gentlemen
It's about time! Gentlemen and Ladies........ Start investing in the business!