Section 142.2

Subsection 142.2(1) - Definitions

Excluded Property

Administrative Policy

14 November 2013 Internal T.I. 2013-0505111I7 - Mark-to-market property

Generally, the following property is excluded property:

  • a share of a corporation in which the financial institution has a significant interest...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 142.2 - Subsection 142.2(1) - Tracking Property overview/purpose of tracking property 147
Tax Topics - Income Tax Act - Section 142.3 - Subsection 142.3(1) overview of specified debt obligation rules 99

Fair Value Property

Administrative Policy

6 January 2011 External T.I. 2009-0328781E5 - Tracking Property

The determination of whether a property is fair value property "must be made in accordance with Canadian GAAP (which includes IFRS as applicable)...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 142.2 - Subsection 142.2(1) - Tracking Property correlation sufficient/warrants included 187

Financial Institution

Administrative Policy

2 May 1995 T.I. 951062 (File & - 951174 (C.T.O. "New Trust Seed Money from Financial Institution")

A new trust that is established with "seed money" contributed by a manager or sponsor that is a financial institution will itself be a financial...

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Mark-to-Market Property

Administrative Policy

21 December 2004 External T.I. 2004-0085481E5 F - Titres d├ętenus par une compagnie d'assurance

After noting that units of a mutual fund trust held by an insurance company (a "restricted financial institution") are not "mark-to-market...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Inventory per Friesen, securities held on income account are inventory 85

Tracking Property

Administrative Policy

14 November 2013 Internal T.I. 2013-0505111I7 - Mark-to-market property

Generally, a "tracking property" is defined in subsection 142.2(1) of the Act as a property the FMV of which is determined primarily by reference...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 142.2 - Subsection 142.2(1) - Excluded Property overview of excluded property 173
Tax Topics - Income Tax Act - Section 142.3 - Subsection 142.3(1) overview of specified debt obligation rules 99

6 January 2011 External T.I. 2009-0328781E5 - Tracking Property

The tracking property rules are anti-avoidance provisions which should be interpreted broadly. Therefore, there need not be a direct mechanism...

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