Cases
The Queen v. Chambers, 96 DTC 6095, [1996] 1 CTC 265 (FCTD)
The taxpayers, who would borrow money on a non-interest bearing basis from their RRSPs at the beginning of a taxation year and then borrow money...
See Also
Foreman v. MNR, 93 DTC 7, [1992] 2 CTC 2621 (TCC)
The taxpayer's self-directed RRSP made a loan to him in the taxation year evidenced by promissory notes, and in the same year the taxpayer repaid...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Disposition | debt disposition includes its extinguishment | 73 |