Section 122

Subsection 122(1) - Tax payable by inter vivos trust

Administrative Policy

9 March 1993 Memorandum (Tax Window, No. 29, p. 10, ¶2453)

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Paragraph (c)

Paragraph 122(1)(c)

Articles

Elie Roth, Tim Youdan, Chris Anderson, Kim Brown, "Classification of Trusts for Income Tax Purposes", Chapter 2 of Canadian Taxation of Trusts (Canadian Tax Foundation), 2016.

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Subsection 122(2) - Where subsection (1) does not apply

Cases

The Queen v. Robinson, 98 DTC 6065 (FCA)

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Administrative Policy

7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 7, 2016-0651751C6 F - Recovery Tax of Qualified Disability Trust

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 159 - Subsection 159(2) potential liability of QDT trustee for s. 122(1)(c) recovery tax 248
Tax Topics - Income Tax Act - Section 122 - Subsection 122(3) - qualified disability trust s. 122(1)(c) liability in year of death of disabled beneficiary 53

Subsection 122(3)

qualified disability trust

Administrative Policy

7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 7, 2016-0651751C6 F - Recovery Tax of Qualified Disability Trust

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 122 - Subsection 122(2) recovery tax applies to undistributed income in a QDT at the time of the disabled beneficiary’s death 205
Tax Topics - Income Tax Act - Section 159 - Subsection 159(2) potential liability of QDT trustee for s. 122(1)(c) recovery tax 248

10 June 2016 STEP Roundtable Q. 4, 2016-0645801C6 - QDT & pref beneficiary election

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(14) preferred beneficiary election and qualified disability trust election potentially can coexist 112

Finance

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Paragraph (a)

Subparagraph (a)(i)

Administrative Policy

7 June 2019 STEP CRA Roundtable, Q.11

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(13) estate ceases to generate income when it is fully administered 140

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Administrative Policy

7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 6, 2016-0651741C6 F - Named beneficiary

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Words and Phrases
named