Subsection 210.2(1) - Tax on income of trust
IT-342R "Trusts-Income Payable to Beneficiaries"
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|Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(13.1)||0|
|Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(13.2)||0|
Goodman, "Canadian Trusts with Non-Resident Beneficiaries and Non-Resident Trusts with Canadian Resident Beneficiaries", 1988 Conference Report, c. 39
Discussion of the background to the repeal of s. 104(8) and its replacement by Part XII.2
Subsection 210.2(3) - Tax deemed paid by beneficiary
Part XII.2 tax is refundable to an RRSP under s. 210.2(3) even though no Part I tax is payable by the plan.
An allocation of Part XII.2 tax to a non-designated beneficiary is based on the proportion of the beneficiary's share of all types of income of...