See Also
Tael One Partners Limited v. Morgan Stanley & Co International PLC, [2015] UKSC 12
Lord Reed stated (at para. 41):
The word "accrue" is generally used to describe the coming into being of a right or an obligation (as, for...
Elm Ridge Country Club Inc. v. The Queen, 95 DTC 715 (TCC)
The interest accrual rule in s. 12(3) did not apply to interest income deemed to be earned by a non-profit club pursuant to s. 149(5).
Administrative Policy
11 June 2004 External T.I. 2004-0076291E5 F - Renonciation aux intérêts à recevoir
During the second year (2000-B) of a loan accruing interest at 5% per annum (which had been treated by the parties as requiring the interest to be...
92 C.R. - Q.4
The inclusion of accrued interest on a convertible debenture is required even, if as a result of a subsequent conversion of the debenture into...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 51 - Subsection 51(1) | no ACB increase for foregone interest | 34 |
17 August 1992, T.I. 921353 (April 1993 Access Letter, p. 135, ¶C20-1141)
In order for the forgiveness of accrued interest owing by a non-arm's length person to be effective, there must be an amendment to the original...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Effective Date | 41 | |
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(p) - Subparagraph 20(1)(p)(i) | 88 |
1 August 1990 External T.I. 5-900756
"The term 'debt obligation', as used in subsection 12(3), is not defined in the Act and accordingly must be interpreted in its ordinary meaning....
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 12 - Subsection 12(11) - Investment Contract | 60 |
86 C.R. - Q.57
In the year of foreclosure or repossession, the creditor is required to include interest income that accrued up to the due date immediately prior...