Bifalgorithm post · Un actionnaire vend un immeuble à sa société · CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the partially offsetting FAPI deduction under s. 17(1) – B(c)

B(c Reduction

B(c Reduction (Un actionnaire vend un immeuble à sa société · CRA comments on a s. 17(1) inclusion under a s. 17(2) B2B loan and the partially offsetting FAPI…

Ideas in this flowchart

  • The inclusion under the Deemed Loan may be reduced
  • The reduction is available under s. 17(1) – B(c)
  • The reduction equals the amount of interest on Loan 2
  • The interest must be included in computing Canco's income under s. 91(1)
  • The reduction is calculated net of any related expenses
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B(c Reduction

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Un actionnaire vend un immeuble à sa société

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"The inclusion under the Deemed Loan could be reduced under s. 17(1) – B(c) by the amount of interest on Loan 2 included in computing Canco's income under s. 91(1), net of any related expenses."

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