Cases
The Queen v. Roynat Ltd., 81 DTC 5072, [1981] CTC 93 (FCTD)
A bond did not constitute an income bond where under a collateral agreement a "guarantor" was bound to pay a stipulated rate of interest to the bondholder to the extent that the bondholder did not receive interest at that rate from the debtor company.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 9 - Capital Gain vs. Profit - Shares | shares and options were acquired as a "bonus" to lending | 64 |
| Tax Topics - Income Tax Act - Section 9 - Interest Income | 62 |
See Also
The Queen v. Canadian Pacific Ltd., 77 DTC 5383, [1977] CTC 606 (FCA)
It was held that an income bond can be issued by a non-resident corporation.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - A | costs in improving and building facilities were not reduced by reimbursements received from the requesting 3rd party | 240 |
| Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense | 54 |
Administrative Policy
IT-52R4 "Income Bonds and Income Debentures"
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 15 - Subsection 15(3) | 0 |