What is the test for establishing a business as an investment vehicle?
Newfoundland and Labrador, Canada
The following excerpt is from Osmond v. Clarke, 2006 NLCA 47 (CanLII):
The Trial Judge also noted the following passage from Clarke v. Clarke, 1990 CanLII 86 (SCC), [1990] 2 S.C.R. 795, per Wilson J. at 814: … It seems to me that business assets are assets which have as their purpose the generation of income in an entrepreneurial sense. …
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