Words and Phrases - "operation of law"
19 November 2009 External T.I. 2007-0257251E5 F - Assurance-vie
Summary Under
Tax Topics - Income Tax Act - Section 148 - Subsection 148(9) - Disposition - Paragraph (d)disposition by operation of law if there is a new contract
If a corporation which is the owner and beneficiary of a life insurance policy changes the beneficiary to its subsidiary, does this change result...
Words and Phrases
operation of law| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 148 - Subsection 148(10) - Paragraph 148(10)(d) | designation of a different beneficiary does not entail a disposition | 132 |
| Tax Topics - Income Tax Act - Section 15 - Subsection 15(1) | s. 15(1) benefit where sub is policyholder and premium payer and parent is beneficiary – but not for reverse | 223 |
| Tax Topics - Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (d) | CDA addition to beneficiary not reduced by ACB of policy to the different policyholder - but s. 246(1) or 245(2) germane | 195 |
Canadian Legal Information Institute v. The Queen, 2020 TCC 56
law society funding received by CanLII was consideration for taxable supplies of its services
The appellant (CanLII) was a not-for-profit corporation that operated an open-access virtual law library. Its sole member was the Federation of...
Words and Phrases
operation of law| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Consideration | determination by NPO's member to pay NPO's budget gave rise to consideration by operation of law | 321 |