Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
XXX
This is in reply to your letter of February 13 concerning clauses 94(1)(b)(i)(B) and (C) of the Income Tax Act. The two issues described by you concern an individual who has died.
In regard to that individual the combined affect of clauses 94(1)(b)(i)(B) and (C) is that the source of property test is not only if, in addition to residence at any time during the 18 month period before he died, that individual must have been resident in Canada for a period or periods totalling more than 60 months during the life of that individual. If such is not the case, we agree with your views that the subsequent testamentary trust would not be subject to FAPI taxation.
Therefore, in regard to that individual, the provisions of clauses 94(1)(b)(i)(B) and (C) cannot be considered in isolation.
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© Sa Majesté la Reine du Chef du Canada, 1981
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