TERMIUM Plus®

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DEEMED REALIZATION [3 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2012-06-21

English

Subject field(s)
  • Property Law (common law)

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
DEF

Disposition présumée des biens en fiducie qui tombe 21 ans après la date de la création de la fiducie. Proposition d'après l'art. 104(4) de la Loi sur l'impôt sur le revenu.

Spanish

Save record 1

Record 2 2001-03-08

English

Subject field(s)
  • Taxation Law
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.

Key term(s)
  • Twenty-one deemed realization rule
  • 21-year rule

French

Domaine(s)
  • Droit fiscal
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.

Key term(s)
  • règle de la disposition réputée aux 21 ans
  • règle des 21 ans

Spanish

Save record 2

Record 3 1976-06-19

English

Subject field(s)
  • Accounting

French

Domaine(s)
  • Comptabilité

Spanish

Save record 3

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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