NO: IT-460 DATE: October 6, 1980 SUBJECT: INCOME TAX ACT Dispositions – Absence of Consideration REFERENCE: Paragraphs 13(21)(c) and 54(c) (also paragraphs 13(21)(d) and 54(h)) 1. A disposition can generally be regarded as an event or transaction where possession, control and all other aspects of property ownership are relinquished. Although there is usually a corresponding acquisition […]
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
NO: IT-170R DATE: August 25, 1980 SUBJECT: INCOME TAX ACT Sale of Property — When Included in Income Computation REFERENCE: Paragraphs 12(1)(b), 13(21)(c) and subparagraph 54(c)(i) (also section 79 and subparagraphs 13(21)(d)(i), 54(c)(v) and 54(h)(i)) General ¶ 1. The comments contained in this bulletin are specifically directed to transactions that are sales of property and do not necessarily have application in other situations. The comments are inapplicable
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NO: IT-200 DATE: February 24, 1975 SUBJECT: INCOME TAX ACT Surface Rentals and Farming Operations REFERENCE: Subsection 9(1) (also section 43 and paragraphs 53(2)(d) and 54(h)) 1. Persons exploring or drilling for petroleum or natural gas often obtain a lease from the owner of land covering certain surface rights. For example, the lease may cover several