What is the test for receiving an amount received by a taxpayer?
Canada (Federal), Canada
The following excerpt is from DiMaria v. The Queen, 2008 TCC 114 (CanLII):
It is trite law that the term “received” does not mean that an amount must be physically received by the taxpayer or deposited into his bank account. It is sufficient that the taxpayer receive an advantage and derive a benefit from the amount (see the example of, Morin v. R., 75 D.T.C. 5061 (F.C.T.D.)).
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