10 December 2004 Internal T.I. 2004-0082341I7 F - Dissolution d'un syndicat -- summary under Capital Property

A union ceased operations and distributed all its net funds to its members in amounts based on their respective seniority. CRA indicated that a portion of the sums distributed appeared to be taxable under s. 6(1)(j), with the balance being proceeds of disposition of union memberships (having a nominal ACB).