Dubuc c. La Reine, 2005 DTC 461, 2004 TCC 164 (Informal Procedure) -- summary under Subsection 146(10)

By services, 28 November, 2015

The taxpayer had her RRSP purchase shares of a corporation that were not a qualified investment, and had her RRSP guarantee a loan made to her by the corporation of a substantial portion of the funds paid to it. She did not expect to repay the loan.

The Minister correctly added the fair market value of the RRSP to her income.

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Income Tax Act - s. 146(10)
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Node
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