Administrative Policy
8 June 2016 CTF Technical Seminar: Update on s. 55(2)
After noting that "even if there is no accrued gain on the share that is reduced by a dividend, the significant reduction in fair market value...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(b) | integration principle/expanded scope/no contemplated sale required/no blanket exemptons/policy similar to boot rules | 375 |
| Tax Topics - Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) | safe income appropriately reduced by incentive reductions | 31 |
| Tax Topics - Income Tax Act - Section 55 - Subsection 55(1) - Distribution | butterfly rulings may require amending discretionary shares | 52 |