When Establishing Whether the Sale of an Asset Is Capital

question 5

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

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Definitions:

Life History

Life history refers to the pattern of investment an organism makes in growth and reproduction. Life history traits include an organism’s age at first reproduction, the duration and schedule of reproduction, the number and size of offspring produced, and life span.

Age At First Reproduction

The age at which an organism successfully produces offspring for the first time, an important life-history trait affecting fitness and evolution.

Offspring Number

The total count of new organisms produced or born to parent organisms within a given time frame.

Male Pipefishes

Members of the Syngnathidae family, unique for their role in childbearing, as males carry and nourish embryos in a specialized pouch.