General paraphrase.

1.95 Recharacterization of discounts. Where there is no interest stipulated to be payable, s. 16(1) may apply, e.g., for commercial paper...

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1.9 Money-lenders.

The CRA continues to accept that taxpayers in certain financing businesses (such as money-lenders), may consider interest...

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1.1 "Interest". "Interest" accrues daily, is calculated on principal and is compensation for its use.

1.2-1.4 Participating interest. Subject to...

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1.82 Interest to pay interest. "Interest… on a second loan that is used to pay interest on a first loan, is deductible…if the interest on the...

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1.99 Refinancing. Subsection 20(3) provides a deeming rule where a taxpayer uses borrowed money to repay money previously borrowed, or to repay an...

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Disappearing source rules

1.41 In general terms, the disappearing source rules in section 20.1 apply where borrowed money ceases to be used for...

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1.88 Definition. [A] 10/8 policy… means, in addition to the factors described in ¶1.89, a life insurance policy (other than an annuity) where...

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1.91 Interest thereon. The restriction or prohibition of the deductibility of an expense under a specific provision…may also extend to interest...

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1.91 Interest thereon. The restriction or prohibition of the deductibility of an expense under a specific provision…may also extend to interest...

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1.96 Loan issuance premium. "Where the borrowed money constitutes stock-in-trade for taxpayers in the financing business (for example,...

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Capitalization of interest not treated as payment thereof

1.83 In circumstances where accrued interest is added to the outstanding principal...

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