Funeral home business proceeds allocated to prepaid contracts are treated by CRA similarly to goodwill

Amounts received on the sale of a funeral home business which are allocated to prepaid funeral contracts or other "eligible funeral arrangements" are generally considered by CRA to give rise to eligible capital amounts rather than being exempted by s. 148.1(2)(b)(ii).

Neal Armstrong. Summary of 9 February 2015 T.I. 2013-0480881E5 F under s. 148.1(2)(b).