Section 43.1

Administrative Policy

15 June 2022 STEP Roundtable, Q.9

Parent transfers a remainder interest in a home (the “Residence”), having a fair market value (“FMV”) of $250,000, to a personal, inter...

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23 April 2013 Internal T.I. 2012-0466081I7 F - Usufruct created under French legislation

A Canadian-resident taxpayer who lived outside Canada made a transfer without consideration (the "Gift") to her adult children of a building and...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) disposition of all building under shared gift 277
Tax Topics - General Concepts - Foreign Law 2-step approach to characterizing a French civil law transaction 244

27 November 1996 External T.I. 9620635 - gift of remainder interest of ecologically sensitive LAND

Where a corporation gave a remainder interest in ecologically sensitive land to a heritage or conservation organization and retained a life...

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24 March 1995 External T.I. 9501635 - PRINCIPAL RESIDENCE - LIFE ESTATE - BENEFICIAL OWNERSHIP

After noting that s. 43.1 did not apply because the transfer of a remainder interest by parents to their children occurred before 20 December...

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Subsection 43.1(2)

Paragraph 43.1(2)(b)

Administrative Policy

6 December 2006 External T.I. 2006-0152101E5 F - Disposition d'un domaine résiduel

A farmer disposes of his principal residence to a family farm corporation while retaining a life estate in it until he and his spouse die.

After...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(b) principal residence exemption extends to s. 43.1(1) gain 125