Principal Issues: Whether subsection 84(2) will apply in the circumstances described below.
Position: Yes.
Reasons: Previous positions and jurisprudence.
Principal Issues: Whether there is an eligible amount of a gift in a particular situation.
Position: It depends. General comments provided.
Reasons: Question of fact.
Principal Issues: Whether certain prizes, namely XXXXXXXXXX, meet the definition of a prescribed prize under Section 7700 of the Income Tax Regulations.
Position: Likely yes.
Reasons: See response.
