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 until such time as it is disposed of.
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 as a consequence of the default of the mortgagor, provided that the trust deed disposes of the property within a reasonable period (such as one year).
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|Tax Topics - Income Tax Act - Section 146 - Subsection 146(10)||53|