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However, it is to be noted that, pursuant to subparagraph 40(2)(g)(ii) of the Act, a taxpayer's loss arising from the disposition of a property is nil unless the debt had been (i) acquired by the taxpayer for the purpose of gaining or producing income from a business or property (other than exempt income); or (ii) acquired as consideration for the disposition of capital property in an arm's length transaction. ...

3 October 2011 External T.I. 2011-0421341E5- Paragraphs 55(3.1)(c) or (d) Unedited CRA Tags 55(3.1)c) and d) Principal Issues: Whether paragraph 55(3.1) (c) or (d) would apply as a result of the disposition by the distributing corporation in favour of a non-related person of real estate for cash consideration prior to a butterfly reorganisation. ...

X in consideration of common shares of the capital stock of Gesco. Whether paragraphs 85(1)(e.2) and 110.6(7)(b) would apply in the particular situation. ...

Bien entendu, les ajustements habituels apportés dans le calcul du RPEM d'une société devraient être pris en considération, qu'il y ait ou non une période tampon à considérer, par exemple, les dividendes, les impôts payés ou payables, les autres dépenses non déductibles, etc… Réponse à la deuxième question Pour répondre plus spécifiquement à votre deuxième question, nous sommes d'avis qu'ABC pourrait ne pas réclamer un montant au titre de la Provision transitoire en vertu du paragraphe 34.2(11) pour établir son RPEM immédiatement avant le « moment de détermination du revenu protégé » quant à une opération dans une situation donnée, en autant que la société ne réclame pas ladite réserve pour l'année d'imposition qui comprend la période tampon, s'il y a. ...

X, in consideration for common shares of the capital stock of GesCo. Discretionary dividends are paid to GesCo. ...

31 July 2012 External T.I. 2012-0449871E5 F- Attribution rules- transfer to corporation Unedited CRA Tags 74.4(2); 74.4(3) Principales Questions: In a situation where the purpose test set out in subsection 74.4(2) is met with respect to a transfer of property by X, how would be computed the amount to be included in X's income by virtue of subsection 74.4(2) after the transfer of the excluded consideration received by X from the corporation in favour of another corporation controlled by X? ...

With respect to Scenario 4, we assume that the redemption value of the preferred shares of Divco is equal to the fair market value of the consideration received by Divco upon the issuance of the shares. ...

The expenses incurred would be part of the consideration given for any right acquired by the purchaser with respect to the claims. 2. ...

B half of her OPCO preferred shares for no consideration. This transfer is made on a tax-deferred basis pursuant to subsection 73(1). ...

For the purposes of the Treaty, the term "annuity" means "a stated sum paid periodically at stated times during life or during a specified number of years, under an obligation to make the payments in return for adequate and full consideration (other than services rendered), but does not include a payment that is not a periodic payment or any annuity the cost of which was deductible for the purposes of taxation in the Contracting State in which it was acquired. ...