Regulation 6208

Regarding whether the expression "or any other property" in Reg. 6208(1)(a)(iii)(A) included the debt obligation itself or had a more limited scope, CCRA indicated that it had not established guidelines as to the meaning of "other property" in Reg. 6208(1)(a)(iii), but was of the view that it should be interpreted in accordance with the meaning of the word "property" in s. 248(1), and further indicated that whether, in a particular situation, Reg. 6208(1)(a)(iii) limits in any way any loss that a shareholder, or a person related to the shareholder, may sustain by reason of owning, holding or disposing of a share or other property was a question of fact.