Foreman v. MNR, 93 DTC 7, [1992] 2 CTC 2621 (TCC) -- summary under Subsection 146(6)

By services, 28 November, 2015

The taxpayer's self-directed RRSP made a loan to him in the taxation year evidenced by promissory notes, and in the same year the taxpayer repaid the loan. Such repayment constituted a disposition of a non-qualified investment for purposes of s. 146(6), with the result that the taxpayer was entitled to a deduction thereunder.

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Income Tax Act - s. 146(6)
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Node
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334231
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