Joint Committee, "Trust Reporting", 11 September 2024 Joint Committee Submission

Summary Under
Tax Topics - Income Tax Act - Section 150 - Subsection 150(1.2)

Recommendations of the Trust Reporting Working Group of the Joint Committee on the amendments in August 12, 2024 Technical Amendments package to...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under
Tax Topics - Income Tax Act - Section 150 - Subsection 150(1.3)

  • It is suggested that the deemed express trust rule in s. 150(1.3) is overly broad and might extend to landlord/tenant or licensor/licensee...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under
Tax Topics - Income Tax Act - Section 150 - Subsection (1.31)

Regarding the draft Technical Bill exceptions from s. 150(1.3) contained in s. 150(1.31):

  • The exception in s. 150(1.31)(a) for where each deemed...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.