Supreme Court Hearings - Her Majesty the Queen v. John H. Craig
Her Majesty the Queen v. John H. Craig (March 23, 2012)
In addition to being a lawyer John Craig owned a horse business in 2000 and 2001.
The Minister did not allow the losses deducted by Mr. Craig in the 2000 and 2001 in respect of the horse business.
The Minister restricted Mr. Craig to deductions of $8,750 a year for the horse business in accordance with s. 31 of the Income Tax Act.
The dispute was whether his law practice and horse business constituted his “chief source of income.”