transferred property

Active Asset Management Inc. v. The King, 2024 TCC 87 -- summary under Subsection 160(1)

Full Title
Active Asset Management Inc. v. The King, 2024 TCC 87
Summary Under
Tax Topics - Income Tax Act - Section 160 - Subsection 160(1)
issuing promissory notes in satisfaction of dividends in kind does not entail a transfer of property

On December 1, 2004, the appellant (AAM), which held all the (Class A and B) shares of a private corporation (Bakorp) (i) resolved to increase...

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transferred property
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