Section 207.1

Subsection 207.1(1)

See Also

Grenon v. The Queen, 2021 TCC 30

In order that the taxpayer’s RRSP could indirectly invest in operating businesses in which he had a management role, he instigated the formation...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Regulation 4801 - Paragraph 4801(a) - Subparagraph 4801(a)(i) - Clause 4801(a)(i)(A) distribution of units that included significant purchases by minors and by adults who did not pay for their own units, was unlawful 755
Tax Topics - Income Tax Act - Section 245 - Subsection 245(4) purported establishment of “alter ego” MFTs through which an RRSP could invest in operating businesses was an abuse engaging GAAR 605
Tax Topics - Income Tax Act - Section 204.2 - Subsection 204.2(1.1) alleged distribution from non-qualified investment was not an over-contribution 277
Tax Topics - General Concepts - Window Dressing window-dressing is a deception about intention 312
Tax Topics - Income Tax Act - Section 152 - Subsection 152(4) CRA’s assessing listed taxable RRSPs in a T3GR global return was not of the taxpayer’s (also listed) RRSP /inappropriate reliance in legal opinion on certificate of fact was carelessness 441
Tax Topics - Income Tax Act - Section 207.2 - Subsection 207.2(3) CRA’s assessment of Pt. XI.1 shown on the T3GR for all RRSPs of one type did not start the normal reassessment period for the taxpayer’s RRSP since no tax shown for it 370
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(d.2) distribution was not lawful because the issuer had not complied with the OM exemption, which was the exemption that it had chosen to rely on 291

Administrative Policy

20 April 2010 External T.I. 2010-0354681E5 - Part XI.1 Tax on RRSP Non-Qualified Investments

In response to a query as to whether Part XI.1 tax applies to a non-qualified investment if the property was a qualified investment at the time of...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 146 - Subsection 146(10) s. 146(10) is inapplicable if investment does not become non-qualified until after its acquisition 91

IC 78-14R4 Guidelines for trust companies and other persons responsible for filing T3GR, T3D, T3P, T3S, T3RI, and T3F returns 1 July 2006

Return filing requirement

1. Paragraph 150(1)(c), subsections 146.1(13.1) and 207.2(1) of the Income Tax Act, and section 204 of the Income Tax...

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13 January 1993 T.I. 923826 (November 1993 Access Letter, p. 508, ¶C180-151)

When a public corporation is wound up, a share of the corporation cannot be removed from an RRSP's records and should be valued at its cost amount...

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27 June 1991 T.I. (Tax Window, No. 4, p. 30, ¶1319)

RC will not apply s. 146(10) or s. 207.1(1) if an RRSP acquires real property as a result of foreclosure of a mortgage that was qualified property...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 146 - Subsection 146(10) 53

Forms

T3GR Group Income Tax and Information Return for RRSP, RRIF, RESP, or RDSP Trusts (2011 version)

Required listing of taxable plans

Attach a list of all taxable RRSPs, RRIFs, RESPs, or RDSPs registered under this specimen plan or fund. The list...

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Subsection 207.1(5)

Forms

T3GR Group Income Tax and Information Return for RRSP, RRIF, RESP, or RDSP Trusts

If you are required to pay tax under subsection 207.1(5), complete Form T2000, Calculation of Tax on Agreements to Acquire Shares. To report...

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