Regulation 4901 - Interpretation

Subsection 4901(1)

Administrative Policy

12 June 2002 External T.I. 2002-0138625 - REGISTERED INVESTMENTS FUTURES CONTRACTS

Regarding a query as to whether currency and interest rates futures contracts would qualify as a prescribed investment for a registered...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(e) whether currency and interest rates futures contracts were qualified investments turned on IT-320R3, para. 21 211

Subsection 4901(2)

Connected Shareholdder

Administrative Policy

18 December 2001 External T.I. 2001-0110315 F - ACTIONS SEPE PLACEMENTS ADMISSIBLES

CCRA provided an overview of the connected shareholder and exempt person definitions and indicated:

There is no limit to the amount of equity...

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Designated Shareholder

Administrative Policy

6 June 1994 External T.I. 9411825 - RRSP - DESIGNATED SHAREHOLDER

Respecting the situation where a number of the limited partners of an SBILP are RRSP trusts, RC stated that "in our opinion, an annuitant under a...

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3 February 1992 T.I. (Tax Window, No. 16, p. 15, ¶1725)

Paragraph (d) of the definition of "designated shareholder" does not provide an exception for persons having a nominal interest in a company or...

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Paragraph (a)

Administrative Policy

15 October 2001 External T.I. 2001-0098315 F - PLACEMENT ADMISSIBLE REER

These comments in IT-419R, para. 13 on rights of first refusal and shotgun clauses not being included also applied to Reg. 4901(2.2)(b), so that a...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Designated Shareholder - Paragraph (d) employees constitute a group if they collectively have control 75
Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2.2) - Paragraph 4901(2.2)(b) IT-419, para. 13 re right of first refusal/ shotgun applies to application of Reg. 4901(2.2)(b) 57

Paragraph (d)

Administrative Policy

15 October 2001 External T.I. 2001-0098315 F - PLACEMENT ADMISSIBLE REER

Regarding the interpretation of “group” in para. (d), CCRA stated:

[I]f shares are held by a sufficient number of employees to control the...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2.2) - Paragraph 4901(2.2)(b) IT-419, para. 13 re right of first refusal/ shotgun applies to application of Reg. 4901(2.2)(b) 57
Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Designated Shareholder - Paragraph (a) IT-419 position re right of first refusal/ shotgun applies to designated shareholder test 62

Qualifying Share

Administrative Policy

18 January 2008 External T.I. 2007-0252081E5 F - Placements admissibles REÉR

In indicating that shares, preferred shares and participating preferred shares be qualified investments for RRSPs if the conditions of the...

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14 October 2009 External T.I. 2009-0324331E5 F - Placement admissible, part de coopérative

In finding that both of the conditions of the definition of "qualifying share" listed in Reg. 4901(2)(a) and (b) are not required to be satisfied...

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Specified Small Business Corporation

Administrative Policy

S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, FHSAs and TFSAs

Timing of qualifications

1.60 The conditions that the corporation be a specified small business corporation, and that the shares not be a 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 204 - Qualified Investment - Paragraph (a) 297
Tax Topics - Income Tax Act - Section 262 233
Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (d) 388
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(b) 294
Tax Topics - Income Tax Act - Section 204.4 - Subsection 204.4(1) 172
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(2) 64
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(j) 167
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(j.1) 75
Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (b) 65
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(e) 217
Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (b) 85
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(u) 92
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(v) 60
Tax Topics - Income Tax Regulations - Regulation 5100 - Eligible Corporation 54
Tax Topics - Income Tax Act - Section 207.04 - Subsection 207.04(4) 92
Tax Topics - Income Tax Act - Section 146 - Subsection 146(10.1) 100
Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(6) 128
Tax Topics - Income Tax Act - Section 146 - Subsection 146(4) - Paragraph 146(4)(a) 138
Tax Topics - Income Tax Act - Section 146 - Subsection 146(4) - Paragraph 146(4)(b) 104
Tax Topics - Income Tax Act - Section 146.2 - Subsection 146.2(6) 196

25 January 2018 External T.I. 2017-0717561E5 - specified small business corporation

A corporation in its start-up phase has used a portion of the funds raised to date to cover specific business expenses. Would the remainder of...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation excess cash not an active business asset 160

S3-F10-C2 - Prohibited Investments – RRSPs, RESPs, RRIFs, RDSPs, FHSAs and TFSAs

Grace period to restore SSBC status

2.16 ...

Example 2

Shares of XYZ Corporation are a qualified investment under subparagraph 4900(14)(a)(i)...

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27 January 2014 External T.I. 2013-0504191E5 F - RRSP, qualified investment

In the course of a general discussion, CRA stated:

[A]n SSBC is a corporation that would, at that time or at the end of the last taxation year of...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (a) annuitant's free use of property of corporation held by RRSP is an advantage 86

Subsection 4901(2.2)

Paragraph 4901(2.2)(b)

Administrative Policy

15 October 2001 External T.I. 2001-0098315 F - PLACEMENT ADMISSIBLE REER

These comments in IT-419R, para. 13 on rights of first refusal and shotgun clauses not being included also applied to Reg. 4901(2.2)(b), so that a...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Designated Shareholder - Paragraph (d) employees constitute a group if they collectively have control 75
Tax Topics - Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Designated Shareholder - Paragraph (a) IT-419 position re right of first refusal/ shotgun applies to designated shareholder test 62

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