CRA recognizes that significant amendments may not result in a new obligation

The question whether a new (post March 2013) obligation has arisen for purposes of the LIA policy definition is similar to the question whether there has been a loan disposition. On the first question, CRA states that "a change in the interest rate, an extension of the duration of loan or a change to the terms of repayment may not, in and of itself, result in a new loan. Such a determination can only be made after a review of the terms of the particular loan agreement."

Neal Armstrong. Summary of May 2014 CALU Roundtable, Q. 1, 2014-0523261C6 under s. 248(1) – LIA policy.