Subsection 137(4.1) - Payments in respect of shares
Administrative Policy
2014 Ruling 2014-0530371R3 - Combination of credit unions
Proposed transactions
Acquireco and Targetco, both of which are widely-held credit unions, wish to combine their businesses to form a single...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 85.1 - Subsection 85.1(1) | credit union share-for-share exchange/ cash redemption | 52 |
| Tax Topics - Income Tax Act - Section 88 - Subsection 88(1) | "immediately before" referenced share ownership on completion of the preceding transaction in a same-day series | 268 |
Subsection 137(6)
Allocation in Proportion to Borrowing
Administrative Policy
28 October 2020 External T.I. 2019-0824091E5 - Members of a credit union of the same class
Would payments made to members of one branch of a credit union be considered payments to “members of the credit union of the same class” for...
Credit Union
Administrative Policy
3 March 2000 Internal T.I. 2000-0002337 F - COOPERATIVES
A cooperative incorporated under the Quebec Cooperatives Act did not qualify as a credit union as defined in s. 248(1) (so that it did not qualify...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 125 - Subsection 125(7) - Specified Investment Business | Quebec cooperative did not qualify for the exclusion from SIB for a credit union | 149 |
Subsection 137(7) - Credit union not private corporation
Administrative Policy
5 September 2013 Internal T.I. 2013-0487491I7 - Eligible dividends - credit unions
Is a credit union that is a CCPC required to file a T2SCH53 (GRIP calculation)? CRA stated that although the credit union may have benefited from...