6 October 2006 Roundtable, 2006-0197031C6 F - Obligation achetée à prime -- summary under Paragraph 7000(1)(b)

An individual acquired a bond, bearing interest at 7% and with a face value of $100, for investment purposes in the secondary market for $124. What is the treatment of the $24 premium? CRA stated:

[A]n obligation such as the one described in the above example is not an obligation described in paragraph 7000(1)(b) … .

Topics and taglines
Topic
Income Tax Regulations - s. 7000(1)(b)
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
617480
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
617481
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "",
"field_stub": false,
"field_legacy_header": ""
}
Workflow properties
Workflow state
Publish with parent