11 October 2013 APFF Roundtable, 2013-0495861C6 F - Question 20 - APFF Round Table -- summary under Specified Member

In the course of a general discussion of negative ACB issues for a partner or limited partner, CRA stated (TaxInterpretations translation):

[A] partner generally will be actively engaged in the activities of a partnership under the definition of "specified partner" in subparagraph (b)(i) of subsection 248(1) when directly involved in the day-to-day management and/or in the daily activities of the business of the partnership, other than financing, and dedicates time, work and energy in the pursuit of the business on a regular, continuous and substantial basis.

Topics and taglines
Topic
Income Tax Act - s. 248(1) - Specified Member
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
325718
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
344252
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "20",
"field_stub": false,
"field_legacy_header": "<a href=\"/?p=21424\">11 October 2013 APFF Round Table, Q. 20, 2013-0495861C6 F</a>"
}
Workflow properties
Workflow state
Publish with parent