Subsection 137.1(4) - Limitation on deduction
Paragraph 137.1(4)(c)
See Also
Canada v. Spruce Credit Union, 2014 DTC 5079 [at 7044], 2014 FCA 143
The taxpayer and 53 other BC credit unions maintained their required deposit insurance with two corporations - ("CUDIC" and "STAB"). Due to a...
Words and Phrases
in proportion to| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 245 - Subsection 245(3) | transaction with primary non-tax purpose which is more tax-effective than alternative transactions | 323 |
Subsection 137.1(10) - Amounts paid by a deposit insurance corporation
See Also
Civil Service Co-Operative Credit Society Ltd. v. The Queen, 2001 DTC 790 (TCC)
The taxpayer, along with other credit unions, was required to deposit with the Ontario Share and Deposit Insurance Corporation ("OSDIC") amounts...