16 December 2008 External T.I. 2008-0279741E5 F - Renonciation au capital d'une fiducie -- summary under Subsection 56(2)

CRA indicated that the renunciation of a capital interest in a discretionary family trust would not give rise to the application of s. 56(2), stating (per its summary) that "the capital interest (the renounced property) would not have been included in the individual's income.”