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In a June 25, 2004 Technical Interpretation, CRA confirmed that where Mr. A transferred farm property to his spouse on a rollover basis, the subsequent capital gain on the sale of the property by the spouse would be attributed back to Mr. A and would be eligible for a capital gain exemption if it met the criteria for qualified farm property.

In a July 9, 2004 Tax Court of Canada case, the taxpayers were eligible for a full deduction for all their farm losses, rather than the restricted farm loss treatment provided by CRA.
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