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FEDERAL INCOME TAX - Business and property income - Expenses - Capital expenditures, distinguished - Repairs, maintenance and alterations - Appeals - Tax Court of Canada

Friday, October 06, 2017 @ 9:27 AM  

Appeal by Aon Inc. from an assessment by the Minister of National Revenue for its 2010 and 2011 taxation years allowed. In 2010 and 2011, the appellant claimed approximately $4.36 million in extensive structural repair done on a parking garage and roof in its Citi Centre complex as current expenditures. The cement in the garage and roof of the affected area of the complex had been subjected to damage from salt, which deteriorated the cement, since at least the 1990s. The appellant chose several times to...