Subsection 207.01(1) - Definitions
Advantage
Administrative Policy
20 August 2018 External T.I. 2018-0739761E5 - TFSA contributions
CRA indicated that each of the following payments made to a TFSA would not, in and of itself, constitute an advantage:
- The TFSA holder uses a...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 146.2 - Subsection 146.2(2) - Paragraph 146.2(2)(c) | remuneration or a trust distribution paid directly to a TFSA is not a 3rd-party contribution | 135 |
28 May 2015 External T.I. 2015-0574481E5 - Advantage tax and employee-owned securities
Have the views expressed in 2009-0320311I7 and 2009-0323391R3 changed in light of the amendment to s. (b)(i) of the definition of "advantage" that...
May 2013 ICAA Roundtable, Q. 10 (reported in April 2014 Member Advisory)
What criteria apply in determining whether a transaction or event or a series of transactions or events involving a TFSA would not have occurred...
28 May 2014 External T.I. 2013-0486111E5 F - RRSP, prohibited investment
The shares of an RRSP, which were prohibited investments held by it on 23 March 2011 and for which it made the transitional benefit election in s....
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(13) | s. 51 exchange of transitional prohibited property does not trigger s. 207.04(1) tax | 134 |
| Tax Topics - Income Tax Act - Section 207.05 - Subsection 207.05(4) | s. 207.05(4) status is preserved following s. 51 exchange | 120 |
6 June 2013 External T.I. 2012-0451801E5 F - deemed dividend, advantage
An RRSP which holds shares which became a prohibited investment on March 22, 2011, and which subsequently did not appreciate in value,...
ITTN No. 44 under "Key Employee Tax-Free Savings Account," 14 April 2011
After confirming the proposition posed that "where common shares of a company are issued to a tax-free savings account (TFSA) of a key employee as...
Articles
Maureen De Lisser, Janna Krieger, "Registered Savings Plans: Investing Without Penalty", Canadian Tax Journal, (2013) 61:3, 769-96.
Illustration of value shift from RRSP to TFSA (pp. 784-5)
The following example illustrates a swap transaction and an RRSP strip that these rules...
Paragraph (a)
Administrative Policy
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
3.6 “Where a benefit or debt is connected in any way with the existence of a plan, it is considered to be conditional on the existence of...
1 June 2016 External T.I. 2015-0601211E5 - Mortgage loan from RRSP to make a shareholder loan
An individual, who is an RRSP annuitant, borrows the “Mortgage Loan” from the RRSP, with a principal residence mortgage granted in favour of...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) | money borrowed by individual from RRSP to make interest-free loan to corporation | 181 |
| Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(j.1) | use of qualified mortgage loan proceeds of no import | 184 |
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Registered Plan Strip | 4900(1)(j.1) mortgage loan unlikely to be acquired at less than FMV | 225 |
27 January 2014 External T.I. 2013-0504191E5 F - RRSP, qualified investment
An RRSP annuitant uses, for no consideration, property of a corporation of which the RRSP holds shares. Is this an advantage? CRA responded...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Specified Small Business Corporation | general discussion of SSBC definition | 235 |
Subparagraph (a)(i)
Subparagraph (a)(ii)
Administrative Policy
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
3.9 An RRSP annuitant providing a letter of direction to collapse the plan and remit the proceeds to the lender on default would not render...
Subparagraph (a)(v)
Administrative Policy
3 April 2020 External T.I. 2019-0830101E5 - “Advantage”: promotional incentive exception
Q.1 and Q.2
S. (a)(v) of the advantage definition, as paraphrased by CRA in Folio S3-F10-C3, excludes “a promotional incentive under a program...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(1) - Premium | referral bonus is considered to be a premium contributed to the plan | 173 |
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
3.12 Fee waivers, preferential pricing, bonus interest and other promotional incentives offered by financial institutions typically satisfy one or...
Paragraph (b)
Administrative Policy
S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Advantage tax
1.44 The advantage tax in section 207.05 could apply if an RRSP, RRIF or TFSA trust were to engage in certain option transactions....
7 November 2012 External T.I. 2012-0437821E5 F - Registered Plan - Advantage
Would the transfer of an individual’s shares of a credit union to the individual’s RRIF, RRSP or TFSA ("registered plan") comes within the...
14 February 2012 External T.I. 2011-0416621E5 F - REER, swap
Respecting a proposed swap of a savings bond held in an RRSP and a savings bond held in a non-registered account, before concluding that it was...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - RRSP Strip | swap of savings bond between RRSP and non-registered account would be an RRSP strip | 80 |
Subparagraph (b)(i)
Cases
Louie v. Canada, 2019 FCA 255
From May 15 to October 17, 2009, the taxpayer directed 71 “swaps” under which TSX-listed shares were transferred between her self-directed...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.06 - Subsection 207.06(2) | concerns about future value increases are intended to be addressed by relief provisions | 384 |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(10) | no necessity for predetermined endpoint or advance determination of price | 211 |
| Tax Topics - Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c) | taxpayer was directing mind in transactions involving an arm’s length trustee | 137 |
See Also
Louie v. The Queen, 2018 TCC 225, rev'd in part on "advantage" issue (for subsequent years) 2019 FCA 255
From May 15 to October 17, 2009, the taxpayer directed 71 “swaps” under which TSX-listed shares were transferred between her self-directed...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(10) | share swap transactions were series notwithstanding that their particulars and end point were not known in advance | 189 |
| Tax Topics - Income Tax Act - Section 207.05 - Subsection 207.05(3) | holder rather than trustee liable for advantage tax | 148 |
| Tax Topics - General Concepts - Fair Market Value - Shares | use of price range for share valuation was inappropriate where there was a second-by-second market | 185 |
Administrative Policy
27 November 2018 CTF Roundtable Q. 12, 2018-0785021C6 - Investment management fees
CRA stated:
The Department of Finance Canada advised us earlier this year that they will be reviewing the issue from a tax policy perspective. As...
28 September 2018 External T.I. 2018-0779261E5 - Investment management fees
In 29 November 2016 CTF Roundtable Q. 5, 2016-0670801C6, CRA indicated that it now considered the payment of fees for investment management of an...
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
3.22 Example 10 (bid/ask plan strip)
Two unrelated individuals effectively transfer all the value in their RRSP to their TFSA by having their TFSA...
15 September 2017 External T.I. 2017-0722391E5 - Investment management fees
In 29 November 2016 CTF Roundtable Q. 5, 2016-0670801C6, CRA indicated that the payment of fees for investment management of an RRSP, RRIF or TFSA...
29 November 2016 CTF Roundtable Q. 5, 2016-0670801C6 - Investment management fees
CRA considers that the payment of fees for investment management of an RRSP, RRIF or TFSA by the plan annuitant or holder typically will be...
Finance
26 August 2019 Comfort Letter - “Advantage”: Exclusion for Investment Management Fees
[If] investment management fees of registered plans … are paid directly by the holder/annuitant using funds outside of the plan, the resulting...
Subparagraph (b)(ii)
Administrative Policy
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Example 7 (performance prefs)
Private company employees whose plans are issued non-voting prefs that pay dividends well in excess of the...
27 May 2009 Internal T.I. 2009-0320311I7 F - CELI - Notion d'avantage
The sole shareholder (Mr. X) of Opco engages in a freeze transaction as a result of which he holds all the preferred shares and 95% of the common...
Subparagraph (b)(iii)
Administrative Policy
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Any increase in value traceable to plan property acquired under a swap transaction is subject to advantage tax
3.24 A swap transaction is...
Paragraph (c)
Administrative Policy
17 April 2013 External T.I. 2012-0457011E5 F - Coop Shares in RRSP and Prohibited Invest. Rules
The correspondent expressed concern that although the new rules effectively required an RRSP holding shares of a cooperative to dispose of some of...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Excluded Property - Paragraph (c) | shares can become prohibited investments as a result of other shareholders dispose of their shares | 373 |
| Tax Topics - Income Tax Act - Section 207.04 - Subsection 207.04(4) | dispositions that generate the refund are not limited to redemptions of the shares | 226 |
Deliberate Over-Contribution
Administrative Policy
14 July 2020 External T.I. 2020-0843071E5 - TFSA - Deliberate Over-contributions
In response to an inquiry as to the consequences to an individual who intentionally makes a TFSA contribution in excess of the available...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.02 | no requirement to distribute income on a TFSA overcontribution where there has been 1% monthly tax but no advantage tax | 45 |
Excluded Property
Paragraph (c)
Administrative Policy
17 April 2013 External T.I. 2012-0457011E5 F - Coop Shares in RRSP and Prohibited Invest. Rules
In the course of a general discussion of the application of the prohibited investment rules to an RRSP that held shares of a cooperative on March...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.04 - Subsection 207.04(4) | dispositions that generate the refund are not limited to redemptions of the shares | 226 |
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (c) | advantage tax on net capital gains and income of RRSP from cooperative shares | 352 |
S3-F10-C2 - Prohibited Investments – RRSPs, RRIFs and TFSAs
Meaning of "regarding the governance"
2.18 ... One of the conditions [in "excluded property" - (c)(iii)] sets limits regarding the governance of...
26 November 2014 External T.I. 2014-0545041E5 - Registered plans - Excluded property
The annuitant of an RRSP or RRIF or the holder of a TFSA owns 2% of the shares (being common shares only) of a corporation and together with the...
Exempt Contribution
Paragraph (b)
Administrative Policy
7 October 2020 APFF Financial Strategies and Instruments Roundtable Q. 5, 2020-0851601C6 F - TFSA Exempt Contribution - Spousal Trust
Mr. X’s TFSA formed part of the residue of his estate which, as such, was bequeathed by the terms of his will to a spousal trust, with a lump...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(8) - Paragraph 248(8)(a) | indirect transfer made in accordance with deceased’s will would be as a consequence of death | 235 |
11 October 2019 APFF Financial Strategies and Instruments Roundtable Q. 7, 2019-0821701C6 F - TFSA Exempt Contribution - Survivor payment
Mr. X, who died on January 1, 2018, made a specific bequest of his TFSA to his surviving spouse (Ms. Y). However, the estate administration...
11 October 2019 APFF Financial Strategies and Instruments Roundtable Q. 6, 2019-0813451C6 F - TFSA - Bequest and disclaimer
Although Mr. X made a specific bequest of his TFSA to his adult daughter, she executed a written renunciation of the bequest (that CRA went on to...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(8) - Paragraph 248(8)(b) | transfer of TFSA to survivor on renunciation of bequest thereof occurred as a consequence of death | 139 |
11 October 2019 APFF Financial Strategies and Instruments Roundtable Q. 4, 2019-0813421C6 F - TFSA - Survivor Payment - Decrease in FMV
Situation 1
Mr. X made a specific bequest of his TFSA to his spouse (Ms. Y), which had declined in value from $100,000 to $90,000 between death...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Unused TFSA Contribution Room - Paragraph (b) - Element D | diminution in TFSA property in executors' hands reduces exempt contribution | 216 |
6 June 2017 External T.I. 2015-0617331E5 F - TFSA - Exempt Contribution
Would the transfer of a TFSA to the deceased's spouse as a total or partial payment of a debt owed to the spouse under the partition of the family...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(23.1) - Paragraph 248(23.1)(a) | payment of family-law obligation of deceased to surviving spouse out of deceased's TFSA could qualify | 84 |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(8) - Paragraph 248(8)(a) | legacy of residue (which included the residence) could be satisfied with TFSA of deceased | 101 |
11 May 2017 External T.I. 2016-0679751E5 F - TFSA - Exempt Contribution
Would a transfer of funds from a deceased holder's TFSA to the holder's surviving spouse in order to pay a specific legacy satisfy para. (b) of...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(8) - Paragraph 248(8)(a) | legacy made by executor exercising discretion conferred under will occurred because of death | 78 |
Paragraph (c)
Administrative Policy
11 October 2019 APFF Financial Strategies and Instruments Roundtable Q. 5, 2019-0820901C6 F - TFSA Exempt Contribution - Timing of contribution
Mr. X, who died on January 1, 2018, had made a specific bequest of his TFSA (valued at death at $100,000) to his spouse (Ms. Y), who contributed...
Paragraph (d)
Subparagraph (d)(iii)
Administrative Policy
5 October 2012 Roundtable, 2012-0453171C6 F - TFSA - Survivor payments to more than one survivor
In Situation 1, on the death of Mr. X, his will directed the $20,000 in his TFSA held with a Canadian financial institution to be paid as to...
8 October 2010 Roundtable, 2010-0371961C6 F - Époux et conjoint de fait et CÉLI au décès
The deceased individual provided for the splitting of his TFSA equally between his wife (from whom he lived separate and apart) and his common-law...
Prohibited Investment
Administrative Policy
18 February 2009 External T.I. 2008-0304051E5 - TFSA - Mutual Fund being a Prohibited Investment
Mutual fund trusts will be considered to be prohibited investments if the holder of the TFSA, either alone or with other non-arm's length parties,...
Articles
Todd Miller, Michael Friedman, Carl Irvine, "The New RRSP/RRIF Anti-Avoidance Regime: A Roadmap and Tips for the Unwary", Taxation of Executive Compensation and Retirement, Vol. 23, No. 4, p. 1463
In light of the breadth of "significant interest" (p.1465):
It is possible that an individual could unknowingly hold a "significant interest" in...
Paragraph (b)
Subparagraph (b)(i)
Administrative Policy
22 November 2012 External T.I. 2012-0441781E5 F - Prohibited Investment - Cooperative
Before concluding that an investment in a cooperative could be a prohibited investment because of s. 207.01(1)(b)(i) of “prohibited...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(15) | application to shares of cooperative | 115 |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Shareholder | investor in cooperative holds shares and is shareholder | 181 |
Registered Plan Strip
Administrative Policy
25 February 2021 Internal T.I. 2020-0865641I7 - Settlement Payments to Registered Plans
After noting that it is CRA’s policy to consider that a settlement payment made to an RRSP or RRIF respecting an actionable loss suffered by it...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(8) | damages payment received by annuitant is not a benefit if paid over to the RRSP by year end | 253 |
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Unused TFSA Contribution Room - Paragraph (b) - Element D | damages payments made to a TFSA are not treated as a contribution | 143 |
| Tax Topics - Income Tax Act - Section 146.4 - Subsection 146.4(6) | RDSP damages paid to and retained by the beneficiary would be taxable | 220 |
| Tax Topics - Income Tax Act - Section 146.1 - Subsection 146.1(7.1) | RESP damages received and retained by the subscriber would be included under s. 146.1(7.1) | 174 |
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Definition can apply even where no property removal
3.34 The definition [of registered plan strip] is intended to apply even in situations...
1 June 2016 External T.I. 2015-0601211E5 - Mortgage loan from RRSP to make a shareholder loan
An individual, who is an RRSP annuitant, borrows the “Mortgage Loan” from the RRSP, with a principal residence mortgage granted in favour of...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) | money borrowed by individual from RRSP to make interest-free loan to corporation | 181 |
| Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(j.1) | use of qualified mortgage loan proceeds of no import | 184 |
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (a) | 4900(1)(j.1) insurance requirements generally arm's length/potential advantage on default | 247 |
16 October 2012 External T.I. 2012-0439151E5 - RRSP strips and prohibited investments
Respecting an expressed concern that the sale of a prohibited investment by an RRSP or RRIF to the annuitant for fair market value consideration...
RRSP Strip
Administrative Policy
14 February 2012 External T.I. 2011-0416621E5 F - REER, swap
Respecting a proposed swap of a savings bond held in an RRSP and a savings bond held in a non-registered account, before concluding that it was...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (b) | computation of advantage from swap transaction | 257 |
Swap Transaction
Administrative Policy
S3-F10-C3 - Advantages – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Permitted exceptions
3.25 Contributions, distributions to the plan’s controlling individual, and purchase and sale transactions between an...
12 December 2012 External T.I. 2012-0460611E5 - swap of securities between registered plans
[C]ontributions, distributions, and purchase and sale transactions between an individual's two plans with the same tax attributes (i.e., TFSA to...
24 August 2010 External T.I. 2010-0359001E5 - TFSA - Swap Transaction
Can an individual contribute a non-maturing GIC into his or her TFSA? CRA responded:
A "swap transaction", in relation to a TFSA trust,...
Unused TFSA Contribution Room
Administrative Policy
22 October 2015 Internal T.I. 2013-0486491I7 - Overdrafts in a TFSA
Where a trust ceases to be a TFSA pursuant to s. 146.2(5)(c), so that s. 146.2(8) deems the trust to have disposed of all its properties at fair...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146.2 - Subsection 146.2(2) - Paragraph 146.2(2)(f) | administrative accommodation of short term inadvertent overdrafts but not of cashless warrant exercise | 372 |
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(6) - Paragraph 146(4)(a) | accommodation only of temporary technical breach of borrowing prohibition for registered plans | 238 |
22 November 2012 External T.I. 2012-0468941E5 F - TFSA - XXXXXXXXXX employee working outside Canada
Can someone working outside Canada open a self-directed tax-free savings account (“TFSA”)? After noting that an individual’s residence is a...
Paragraph (b)
Element D
Administrative Policy
25 February 2021 Internal T.I. 2020-0865641I7 - Settlement Payments to Registered Plans
After noting that it is CRA’s policy to consider that a settlement payment made to an RRSP or RRIF respecting an actionable loss suffered by it...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(8) | damages payment received by annuitant is not a benefit if paid over to the RRSP by year end | 253 |
| Tax Topics - Income Tax Act - Section 146.4 - Subsection 146.4(6) | RDSP damages paid to and retained by the beneficiary would be taxable | 220 |
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Registered Plan Strip | advantage if RDSP damages are received by a holder who is not a beneficiary | 220 |
| Tax Topics - Income Tax Act - Section 146.1 - Subsection 146.1(7.1) | RESP damages received and retained by the subscriber would be included under s. 146.1(7.1) | 174 |
11 October 2019 APFF Financial Strategies and Instruments Roundtable Q. 4, 2019-0813421C6 F - TFSA - Survivor Payment - Decrease in FMV
The definition of “exempt contribution” in s. 207.01(1) contemplates that the “survivor” of an individual can make a contribution on an...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Exempt Contribution - Paragraph (b) | survivor payment equals amounts paid under the TFSA to the estate provided the survivor receives at least that amount as TFSA beneficiary | 312 |
Subsection 207.01(4)
Administrative Policy
S3-F10-C2 - Prohibited Investments – RRSPs, RRIFs and TFSAs
Inclusion of units held in relative's RRSP
2.12 In determining whether an individual has a significant interest in a trust, any units of the trust...
Paragraph 207.01(4)(a)
Administrative Policy
20 March 2015 External T.I. 2014-0528311E5 - Mortgage Investment Corporation - RRSP
Would a specified shareholder of a mortgage investment corporation include a brother or sister of the RRSP annuitant? After noting that a...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 130.1 - Subsection 130.1(6) | shareholdings of siblings not included | 61 |
Subsection 207.01(6)
Administrative Policy
S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Effect of deemed FMV disposition
1.77 Subsection 207.01(6) provides a special rule that applies when an investment becomes or ceases to be a...
12 July 2013 External T.I. 2012-0447191E5 - RRSP trust taxation under 146(10.1)
An RRSP acquired shares after March 23, 2011, which were listed on a foreign designated stock exchange and were worth $43 per share, but then...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(10.1) | gain due to ACB grind | 81 |
Subsection 207.01(13)
Administrative Policy
28 May 2014 External T.I. 2013-0486111E5 F - RRSP, prohibited investment
The shares of an RRSP, which were prohibited investments held by it on 23 March 2011 and for which it made the transitional benefit election in s....
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage | no advantage on s. 51 exchange | 89 |
| Tax Topics - Income Tax Act - Section 207.05 - Subsection 207.05(4) | s. 207.05(4) status is preserved following s. 51 exchange | 120 |