Income Bond

Table of Contents


The Queen v. Roynat Ltd., 81 DTC 5072, [1981] CTC 93 (FCTD)

A bond did not constitute an income bond where under a collateral agreement a "guarantor" was bound to pay a stipulated rate of interest to the bondholder to the extent that the bondholder did not receive interest at that rate from the debtor company.

See Also

The Queen v. Canadian Pacific Ltd., 77 DTC 5383, [1977] CTC 606, [1977] CTC 615, [1977] CTC 615 (FCA)

It was held that an income bond can be issued by a non-resident corporation.

Administrative Policy

IT-52R4 "Income Bonds and Income Debentures"

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Tax Topics - Income Tax Act - Section 15 - Subsection 15(3) 0