Chapter

CRA finds that an indemnity given by a Canadian NRT beneficiary regarding a trust distribution received from the trustee did not cause s. 94(2)(d) to apply

From Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) by Sambif

Concepts

  1. Indemnity

    "The Canadian-resident beneficiary of a factually non-resident trust (the “NRT”) will sign an indemnity, prior to the distribution by the NRT, which requires the repayment of the distribution to the t

CRA finds that an indemnity given by a Canadian NRT beneficiary regarding a trust distribution received from the trustee did not cause s. 94(2)(d) to apply | Chopp v. R., 98 DTC 6014, [1998] 1 CTC 407 (FCA) | Bifalgorithm | Bifalgorithm