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TWENTY-ONE DEEMED REALIZATION RULE [1 record]
Record 1 - internal organization data 2001-03-08
Record 1, English
Record 1, Subject field(s)
- Taxation Law
Record 1, Main entry term, English
- Twenty-One-Year Deemed Disposition Rule
1, record 1, English, Twenty%2DOne%2DYear%20Deemed%20Disposition%20Rule
correct, Canada
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 DEF
A rule requiring that trust assets be treated for tax purposes as if they were disposed of every 21 years. This measure accompanied the introduction of capital gains taxation in 1972 to prevent trusts from being used to avoid the taxation of capital gains on death. There is a provision that permits an extension of the 21-year rule and the postponement of capital gains taxation on trust property until the death of the last "exempt beneficiary" under the trust. 2, record 1, English, - Twenty%2DOne%2DYear%20Deemed%20Disposition%20Rule
Record 1, Key term(s)
- Twenty-one deemed realization rule
- 21-year rule
Record 1, French
Record 1, Domaine(s)
- Droit fiscal
Record 1, Main entry term, French
- Règle de disposition réputée au bout de vingt-et-un ans
1, record 1, French, R%C3%A8gle%20de%20disposition%20r%C3%A9put%C3%A9e%20au%20bout%20de%20vingt%2Det%2Dun%20ans
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 OBS
Règle fiscale selon laquelle les biens détenus en fiducie doivent être traités comme s'ils faisaient l'objet d'une disposition tous les 21 ans. Cette mesure accompagnait l'instauration de l'impôt sur les gains en capital en 1972 pour empêcher qu'on se serve de fiducies pour éviter l'imposition des gains en capital au décès. Une disposition permet de prolonger la règle des 21 ans et de repousser l'imposition des gains en capital sur les biens détenus en fiducie jusqu'à la mort du dernier «bénéficiaire exempté» aux termes de la fiducie. 2, record 1, French, - R%C3%A8gle%20de%20disposition%20r%C3%A9put%C3%A9e%20au%20bout%20de%20vingt%2Det%2Dun%20ans
Record 1, Key term(s)
- règle de la disposition réputée aux 21 ans
- règle des 21 ans
Record 1, Spanish
Record 1, Textual support, Spanish
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