CRA confirms that rents deemed to be active business income by s. 129(6) are not included in the recipient’s AAII

CRA confirmed that rents paid by an operating CCPC to an associated CCPC owning the property, such that those rents were deemed to be from an active business of the recipient, would not be included in the recipient’s adjusted aggregate investment income (“AAII”) as defined in s. 125(7).

Neal Armstrong. Summary of 11 October 2022 External T.I. 2020-0856421E5 under s. 125(7) – AAII – para. (c).