25 May 2001 External T.I. 2001-0067415 F - CONSOLIDATION DE PERTES -- attach -- Paragraph 20(1)(c)
related-person loss transfer transactions must be commercially reasonable to satisfy s. 20(1)(c)
Paragraph 20(1)(c)
10 March 2003 Internal T.I. 2002-0172187 F - DEDUCTIBILITE DES INTERET -- attach -- Paragraph 20(1)(c)
reiteration of position re deductibility of participating interest post-Sherway
14 May 2003 Internal T.I. 2003-0181477 F - DEDUCTIBILITE DES INTERETS -- attach -- Paragraph 20(1)(c)
deductible interest is reduced by amortization of premium arising from loan’s deliberate issuance at above-market interest rate
10 October 2003 Roundtable, 2003-0035685 F - DEDUCTION INTERETS MONTANT RAISON -- attach -- Paragraph 20(1)(c)
reasonableness of interest rate assessed in light of comparable market rates and issue premiums
16 October 2003 External T.I. 2003-0038315 F - CONVENTION DE RETRAITE -- attach -- Paragraph 20(1)(c)
reasonableness of interest rate determined re market interest rates
2020 Ruling 2020-0854741R3 - Subordinated Notes without Maturity -- attach -- Paragraph 20(1)(c)
note interest that could be cancelled in issuer's discretion stated to be non-deductible
29 June 2006 Internal T.I. 2006-0190791I7 F - Dépense d'intérêts - obligation légale -- attach -- Paragraph 20(1)(c)
Mid-West did not permit generation of retroactive interest deduction
Gervais Auto Inc. v. Agence du revenu du Québec, 2021 QCCA 459 -- attach -- Paragraph 20(1)(c)
10% interest rate on unsecured loans from shareholders was not unreasonable
27 May 2009 External T.I. 2008-0296731E5 F - Rachat d'actions: 20(1)c) -- attach -- Paragraph 20(1)(c)
corporation must allocate contributed capital of redeemed shares proportionately to borrowed money and redemption notes, but can disproportionately allocate its accumulated profits
Gervais Auto Inc. v. Agence du revenu du Québec, 2019 QCCQ 5894, rev'd 2021 QCCA 459 -- attach -- Paragraph 20(1)(c)
a 10% interest rate on an unsecured loan was unreasonably high
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