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.
Policy Decision File
Subsection 94(1)
Non-resident Trust
Clause 94(1)(b)(i)(B) of the Income Tax Act requires that a contributor to a non-resident trust be resident in Canada at any time in the 18-month period before the end of "that year". It has been argued that the words "that year" refer to the year of acquisition of property from the contributor rather than to the current taxation year of the trust. If this interpretation is correct, the period of residency of the contributor after the year of contribution would be irrelevant for the purposes of this criterion. Does Revenue Canada accept this interpretation?
Department's Position
" ... that year ... " referred to in clause 94(1)(b)(i)(B) is the " ... taxation year of the trust ... " referred to in the first line of paragraph 94(1)(b).
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