10 January 2022 External T.I. 2020-0873921E5 F - SUCL- Assurance responsabilité civile -- summary under Subparagraph (b)(ii)

After noting that “qualifying property" in s. 125.7(1) generally refers to real or immovable property in Canada used by the eligible entity in the course of its ordinary activities, CRA indicated that the inclusion under s. (b)(ii) of “qualifying rent expense” of “amounts paid for insurance on the qualifying property” referred “only to amounts paid as insurance for real or immovable property” and did not include third-party liability insurance.