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

By services, 28 November, 2015

In finding that the repayment of a promissory note held by an RRSP constituted a disposition by it of a non-qualified investment for purposes of s. 146(6), Garon J. stated (p. 10):

"In my view, the terms 'disposed of' used in a broad context are wide enough to include the act of extinguishment of a liability and the bringing to an end of the corresponding antecedent right or claim."

Topics and taglines
Topic
Income Tax Act - s. 248(1) - Disposition
Tagline
debt disposition includes its extinguishment
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
337181
Extra import data
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