148(9)

IT87R2- Policyholders’ Income from Life Insurance Policies.

NO.: IT-87R2 DATE: February 15, 1996 SUBJECT: INCOME TAX ACT Policyholders Income from Life Insurance Policies REFERENCE: Section 12.2 (also subsections 12(3), 20(20), and 148(1), (2), (4), (8), (8.1) and (8.2), and the definitions of “life insurance policy” in subsection 138(12), and “adjusted cost basis” and “disposition” in subsection 148(9); and paragraphs 56(1)(d.1) and (j) of the […]

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IT149R4- Winding-up Dividend

NO: IT149R4 DATE: June 28, 1991 SUBJECT: INCOME TAX ACT Winding-up Dividend REFERENCE: Subsection 88(2) (also subsections 83(2), 84(2), 133(7.1), paragraph 148(9)(a) and subparagraphs 54(h)(ix), 89(1)(b)(iv) and (v)) Application This bulletin replaces and cancels Interpretation Bulletin IT-149R3 dated July 22, 1985. Current revisions are designated by vertical lines. Summary This bulletin discusses the “winding-up dividend” that

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