Words and Phrases - "lawful"

Summary Under

distribution of units that included significant purchases by minors and by adults who did not pay for their own units, was unlawful

In order that the taxpayer’s RRSP could indirectly invest in operating businesses in which he and/or two business colleagues had a management...

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Words and Phrases

Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 245 - Subsection 245(4)	purported establishment of “alter ego” MFTs through which an RRSP could invest in operating businesses was an abuse engaging GAAR	605
Tax Topics - Income Tax Act - Section 204.2 - Subsection 204.2(1.1)	alleged distribution from non-qualified investment was not an over-contribution	277
Tax Topics - General Concepts - Window Dressing	window-dressing is a deception about intention	312
Tax Topics - Income Tax Act - Section 207.1 - Subsection 207.1(1)	non-qualified investments not “included” in annuitant’s income because it was never assessed	346
Tax Topics - Income Tax Act - Section 152 - Subsection 152(4)	CRA’s assessing listed taxable RRSPs in a T3GR global return was not of the taxpayer’s (also listed) RRSP /inappropriate reliance in legal opinion on certificate of fact was carelessness	441
Tax Topics - Income Tax Act - Section 207.2 - Subsection 207.2(3)	CRA’s assessment of Pt. XI.1 shown on the T3GR for all RRSPs of one type did not start the normal reassessment period for the taxpayer’s RRSP since no tax shown for it	370
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(d.2)	distribution was not lawful because the issuer had not complied with the OM exemption, which was the exemption that it had chosen to rely on	290

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