1998 Ruling 9817073 - DISCOUNT BONDS -- summary under Subparagraph 212(1)(b)(vii)

A note would be offered at a significant discount from the stated principal amount and no cash interest would be payable thereon prior to a date that appeared to be after the fifth anniversary. RC ruled that the discount would be treated as interest for purposes of s. 212(1)(b)(vii) when paid.

Topics and taglines
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
321667
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
343600
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "",
"field_stub": false,
"field_legacy_header": "12 October 1999 Ruling 981707 [discount treated as interest when paid]"
}