Subsection 7001(1)
Administrative Policy
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE
detailed illustration
Also released under document number 2003-00001250.
Discussion of an example of the application of Reg. 7001 to an indexed bond.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Indexed Debt Obligation | stripped indexed coupons were indexed debt obligations but would not give rise to excluded payments | 34 |
| Tax Topics - Income Tax Regulations - Regulation 7001 - Subsection 7001(7) - Excluded Payment | stripped indexed coupons did not give rise to excluded payments because no single fixed rate | 52 |
| Tax Topics - Income Tax Regulations - Regulation 201 - Subsection 201(4.1) | reporting of inflation adjustments on indexed bonds | 144 |
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(14) | application of s. 20(14) to indexed debt obligation | 143 |
Subsection 7001(7)
Excluded Payment
Administrative Policy
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE
stripped indexed coupons did not give rise to excluded payments because no single fixed rate
Also released under document number 2003-00001250.
Regarding coupons which are stripped from an indexed bond, CRA indicated that the coupons would each be indexed debt obligations, but that the payments on maturity would not qualify as excluded payments “since the non-indexed debt obligation does not provide, at least annually, for interest at a single fixed rate”.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 7001 - Subsection 7001(1) | detailed illustration | 15 |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Indexed Debt Obligation | stripped indexed coupons were indexed debt obligations but would not give rise to excluded payments | 34 |
| Tax Topics - Income Tax Regulations - Regulation 201 - Subsection 201(4.1) | reporting of inflation adjustments on indexed bonds | 144 |
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(14) | application of s. 20(14) to indexed debt obligation | 143 |