Cases
Curley v. MacDonald, 2001 DTC 5141 (Ont Sup CT J)
The estate of the deceased annuitant of an RRSP was liable for the income taxes payable as a result of the deemed benefit under s. 146(8.8). Only...
Slater v. Klassen Estate, 2000 DTC 6336 (Man. Q.B.)
In finding that the estate of the taxpayer, who was the annuitant under RRSPs under which his former wife was the beneficiary, was liable to...
See Also
Murphy Estate v. The Queen, 2015 TCC 8
In his terminal return for his 2009 year, the taxpayer reported RRSP income of $256, 829 in respect of an RRSP for which his children were the...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Effective Date | disclaimer has retroactive effect | 128 |
Administrative Policy
6 October 2017 APFF Financial Strategies and Instruments Roundtable Q. 2, 2017-0710681C6 F - Withdrawal of RRSP over-contributions after death
An individual, who made an excess contribution in 2015, dies in 2016. Will the excess contribution be added to the deceased’s income under ss....
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(8.2) | deemed s. 146(8.8) benefit on death treated as RRSP withdrawal, and executor should not use Form T746 | 231 |
26 February 2003 External T.I. 2002-0163625 F - FONDS RESERVES GARANTIS AU DECES
When the annuitant died, the fair market value of the RRSP assets (a segregated fund) was $18,000. However, the contract provided a guaranteed...
14 October 1997 External T.I. 9706535 - MUTUAL FUND VALUATION
In finding that the fair market value of mutual fund units held by an RRSP would take into account redemption fees, RC stated that "if units of a...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Fair Market Value - Shares | 66 |
19 August 1993 T.I. (Tax Window, No. 33, p.8, ¶2644)
Where the estate of the deceased is the beneficiary of an RRSP and the deceased's spouse has an interest in the RRSP only by virtue of being a...
1992 A.P.F.F. Annual Conference, Q. 20 (January - February 1993 Access Letter, p. 58)
In light of the definition of "spouse" in s. 146(1.1), a deduction may be obtained under s. 146(8.8) for the transfer of a portion of an RRSP fund...