Subsection 132.11(1) - Taxation year of mutual fund trust
Administrative Policy
4 July 2000 Internal T.I. 2000-0031927 - request to change a fiscal period of a MFT
S.132.11(1)(c) prevents a mutual fund trust that has elected a December 15 year end to revert to a December 31 fiscal period and taxation year....
Subsection 132.11(3)
Administrative Policy
17 May 2016 External T.I. 2014-0546831E5 - Electing mutual fund trust's income
A mutual fund trust (“electing MFT”) which had elected under s. 132.11(1) to have a December 15 taxation year-end, first acquires a beneficial...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 132.11 - Subsection 132.11(4) | inclusion where bottom trust with Dec 15 year end was acquired in stub period and distributes post-Dec. 15 earnings on Dec. 31 | 195 |
Subsection 132.11(4)
Administrative Policy
17 May 2016 External T.I. 2014-0546831E5 - Electing mutual fund trust's income
A mutual fund trust which had elected under s. 132.11(1) to have a December 15 taxation year-end, first acquires a beneficial interest in an...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 132.11 - Subsection 132.11(3) | acquisition of calendar trust after Dec 15 year end of acquiror | 125 |
Subsection 132.11(6) - Additional income of electing trust
Administrative Policy
17 November 2004 External T.I. 2004-0067981E5 F - Fiducie de fonds commun de placement
In order to absorb non-capital losses or other deductions, a mutual fund trust increases its income for its 2003 taxation year pursuant to s....
8 September 2003 External T.I. 2002-0163705 F - Choix Tardif
Regarding whether a mutual fund trust may designate additional income pursuant to s. 132.11(6) for prior already-filed years of the trust, CCRA...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 220 - Subsection 220(3.21) - Paragraph 220(3.21)(b) | s. 220(3.21)(b) brings s. 132.11(6) within the s. 220(3.2) regime | 37 |
Subsection 132.11(8)
Commentary
S. 132.11(8) provides that the deduction under s. 132.11(7) (to effectively reverse an income inclusion for the preceding year under s. 132.11(6))...
Commentary
S. 132.1(6) generally permits a mutual fund trust to designate an amount as an addition to its income for a taxation year (provided it has not...