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Section 39.1

Table of Contents

Subsection 39.1(7) - Nil exempt capital gains balance

Administrative Policy(1)

Subsection 39.1(7) - Nil exempt capital gains balance

Administrative Policy

21 July 1995 Internal T.I. 9511736 - EXEMPT CAPITAL GAINS BALANCE - DEATH OF TAXPAYER

The exempt capital gains balance of a taxpayer is reduced to nil upon death and is not transferred to the taxpayer's spouse.