Samantha D’Andrea, "Packing and Unpacking Proposed Amendments", International Tax Highlights, Vol. 1, No. 2 November 2022, p. 6

Summary Under
Tax Topics - Income Tax Act - Section 88 - Subsection 88(3.3)

Current suppression-election rule (pp. 5-6)

  • The suppression election under s. 88(3.3) allowed a taxpayer to reduce the capital gain otherwise to...

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Summary Under
Tax Topics - Income Tax Regulations - Regulation 5907 - Subsection 5907(2.01)

Current pack and sale transaction rule (p. 6)

  • Reg. 5907(2.01) overrides the non-recognition rules in Regs. 5907(5.1) and 5907(2)(f ) and (j), so...

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