money

14 November 2002 Internal T.I. 2002-0171377 F - REER PLACEMENT ADMISSIBLE -- summary under Paragraph (a)

When asked whether IT-320R2, para. 14 indicated that money denominated in any foreign currency is a qualified investments and whether cash denominated in U.S. dollars can be held in an RRSP, the Directorate stated:

"[M]oney" means banknotes and coins that are legal tender in the country of issue. We are also of the opinion that deposits referred to in paragraph (a) of the definition of qualified investment in section 204 may be denominated in Canadian dollars or in any foreign currency.

20 June 2023 STEP Roundtable Q. 3, 2023-0968091C6 - Trust Reporting – Definition of Money and Treatment of Dividend Receivable -- summary under Subparagraph 150(1.2)(b)(i)

Pursuant to s. 150(1.2)(b), the exception from trust reporting requirements under s. 150(1.1) - that may be available to individuals with no Part I tax payable or relevant dispositions - can apply to a trust for a particular tax year where the trust holds assets restricted to listed types of property including “money,” with an FMV not exceeding $50,000 throughout the year.

By services, 28 November, 2015

Casa Blanca Homes Ltd. v. The Queen, 2013 TCC 338 (Informal Procedure) -- summary under Supply

The appellant entered into 14 purchase agreements with a property developer to acquire lots. The appellant assigned 12 agreements to third parties for $820,865 - $634,760 for deposit recoveries (i.e., reflecting that deposits paid by the appellant to the developer would now be held by the vendor to be credited to the assignees on completion of the purchases) and $186,105 in assignment fees. The Minister applied the single-supply doctrine to treat the entire amount as consideration for an interest in real property.

money