Section 136

Subsection 136(2)

Regarding the qualification of a workers shareholder cooperative, CRA stated:

As stated in F9902745 … a workers cooperative provides services to...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 82 - Subsection 82(1) - Paragraph 82(1)(a)	interest on a preferred share was a dividend	27
Tax Topics - Income Tax Act - Section 135 - Subsection 135(4) - Allocation in Proportion to Patronage	patronage dividend based on volume of work performed	108

What is the meaning of “member” for purposes of s. 136(2)(c)? Does the s. 135(4) definition apply? CRA responded:

[T]he preamble to...

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Words and Phrases

Where an individual ceased being a member of a cooperative (although still owning preferred shares thereof) but became a partner in a partnership,...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 136 - Subsection 136(2) - Paragraph 136(2)(d)	shares need not be fully paid	44

The Directorate indicated that shares for purposes of s. 136(2)(d) would include shares that had been subscribed for by the member but not fully...

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Words and Phrases

Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 136 - Subsection 136(2) - Paragraph 136(2)(c)	non-member individual cannot look through a farming member partnership	79