Business Administration - Accounting & Financial Planning FIN401 Lecture Notes - Lecture 16: Debenture, Capital Account, Credit Union
21 Jan 2018
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Reference: section 39 (also sections 9 and 49 and section 6200 of the regulations) Interpretation bulletin (note: the cross-reference to it114 is cancelled by. This bulletin replaces and cancels interpretation bulletin it-479 dated june 22, 1981. In this bulletin transactions of the former type will be referred to as being on "income account" and transactions of the latter type as being on. Canada or a province to carry on in canada the business of offering to the public its services as trustee, (d) a credit union within the meaning assigned by subsection. During the time the election does not apply, the comments from 9 to 22 below are applicable in ascertaining whether a gain or loss is on income or capital account. Any corporation whose prime business activity is trading in shares or debt obligations is also considered to be a.
