Words and Phrases - "bond, debenture, note or similar obligation"
4 May 2006 Roundtable, 2005-0161541C6 F - Placements admissibles - dépôts
Summary Under
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(c.1)GIC of bank is a similar obligation
Is a guaranteed investment certificate or term deposit denominated in Canadian or foreign currency issued by a bank in Canada or a trust company a...
Words and Phrases
bond, debenture, note or similar obligation| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (b) | GIC or term deposit is a similar obligation | 94 |
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (f) | GIC could qualify under para. (b) or (f) | 123 |
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (a) | not a qualifying deposit if payable outside Canada or in foreign currency | 181 |
4 April 1991 External T.I. 9104835 F - Interpretation of Bonds, Debentures, Notes or Similar Obligations
Summary Under
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(c.1)banker’s acceptances are not evidences of indebtedness of the issuer and, thus, are not a bond, debenture, note “or similar obligation”
In finding that banker’s acceptances were not qualified investments under former s. 204(e)(iii), Revenue Canada stated:
[B]onds, debentures and...