Section 21

Subsection 21(1) - Cost of borrowed money

Cases

Alberta Wheat Pool v. Canada, 99 DTC 5198 (FCA)

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - A interest not part of cost if could be deducted 165

Administrative Policy

2013 Ruling 2013-0488351R3 - Conversion of a MFC to a MFT

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - 101-110 - Section 107.4 - Subsection 107.4(1) conversion of MFC to MFT and subtrust elimination 150
Tax Topics - Income Tax Act - Section 132.2 - Subsection 132.2(1) - Qualifying Exchange conversion of MFC to MFT and subtrust elimination 150

27 June 2013 External T.I. 2013-0485721E5 - Election to Capitalize Cost of Borrowed Money

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23 February 2004 Internal T.I. 2003-004915 -

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19 August 1993 External T.I. 5-932207 -

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 21 - Subsection 21(3) 73

Articles

Shane Onufrechuk, Warren Pashkowick, "Tax Considerations of Major Construction Projects", 2014 Conference Report, Canadian Tax Foundation, 10:1-35.

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Subsection 21(2) - Borrowed money used for exploration or development

See Also

Mattabi Mines Ltd. v. Min. of Rev., [1982] CTC 382 (SCO), rev'd [1984] CTC 566 (Ont CA), which was, aff'd by [1988] 2 CTC 294, [1988] 2 S.C.R. 175

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Subsection 21(3) - Borrowing for depreciable property

Administrative Policy

19 August 1993 External T.I. 5-932207 -

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 21 - Subsection 21(1) 135