Does the resale of flow-through shares and of the other shares issued by the same corporations constitute an operating motivation for the purchase and sale of the flow through shares?
Canada (Federal), Canada
The following excerpt is from Richer v. The Queen, 2008 TCC 547 (CanLII):
In the case at bar, contrary to the situation in Paquet v. The Queen, [1995] 2 C.T.C. 2941, the resale at a profit of the flow-through shares and of the other shares issued by the same corporations was an operating motivation in their purchase.
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