Section 43.1

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

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

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

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

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

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

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 15 - Subsection 15(1)		53

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...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries		Wordcount
Tax Topics - General Concepts - Fair Market Value - Land		131
Tax Topics - General Concepts - Ownership		36

Subsection 43.1(2)

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...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

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