8 October 2010 Roundtable, 2010-0371921C6 F - RPA et RPDB - Montants versés à une succession -- summary under Subsection 104(13.1)

In the course of a general discussion of the availability of s. 104(13.1) where an estate received an amount out of a registered pension plan, CRA stated:

[T]he designation under subsection 104(13.1) could ensure that amounts received by the estate in 2010 and paid or payable to the heirs in 2010 are taxed partly at the estate level and partly at the level of the heirs, to the extent that the amount designated to each heir under subsection 104(13.1) does not exceed the amount computed in accordance with the formula provided for in that provision.

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