Subsection 142.5(1) - Income treatment for profits and losses
Administrative Policy
11 April 2001 T.I. 1999-000700 -
The following example was provided respecting a preferred share held by a financial institution whose paid-up capital (and apparently, redemption amount) was increased:
The Agency commented that "it would have to be established that the increase in fair market value of the shares was solely the result of the increase in paid-up capital".
6 June 1997 Memorandum 7-963186 -
S.142.5(1) takes precedence over s. 84(3). To the extent that an amount has been included in computing income under s. 142.5(1), such amount will not be taken into account again for purposes of s. 84(3), by virtue of s. 248(28).