16 December 2008 External T.I. 2008-0279741E5 F - Renonciation au capital d'une fiducie -- summary under Paragraph 69(1)(b)

CRA indicated that the renunciation of a capital interest in a discretionary family trust would give rise to nil proceeds of disposition, stating (per its summary):

Subsection 69(1) does not apply because the disposition is not to any person.