Taxation Year

Bowman TCJ. found that there was no basis for the Minister to prorate a capital cost allowance claim for a taxation year of the taxpayer on the basis that the taxpayer did not commence the business in question until the last month of the year. Bowman TCJ. stated (p. 1915) that he could:

"see nothing in the Act that requires a person who starts a new business to shorten his taxation year simply because the business was not in operation for the full year."