Words and Phrases - "sustained"

a
86
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
73
j
2
k
2
l
32
m
56
n
25
o
38
p
80
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

16 May 2018 IFA Roundtable Q. 7, 2018-0750261C6

Summary Under
Tax Topics - Income Tax Act - Section 39 - Subsection 39(2)
“sustaining” a s. 39(2) loss on a USD obligation requires more than locking-in the equivalent Canadian-dollar amount

Canco has an unrealized foreign exchange gain on the USD loan (the “Loan”) owing to it by its wholly–owned subsidiary (Canco 1), and Canco 1...

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Words and Phrases
sustained