Holzhey v. The Queen, 2008 DTC 2607, 2007 TCC 247 -- summary under Paragraph 12(1)(c)

Summary Under
Tax Topics - Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c)
deemed loan proceeds reasonable substitute for accrued interest thereon

The deemed disposition by the taxpayer, as a result of his ceasing to be a resident of Canada, of a loan made by him to a non-resident corporation...

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

Words and Phrases
in lieu of