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Can you provide any useful references for the Safe Income calculation?

1 min read

Legislation

  • Section 55 of the Income Tax Act (Canada)

CRA Technical News

  • Income tax Technical News No 33
  • Income tax Technical News No 34
  • Income tax Technical News No 37

Court cases

  • The Queen v. Kruco Inc.
  • Brelco Drilling Ltd. v The Queen
  • 454538 Ontario Limited et al. v. M.N.R.
  • Gestion Jean-Paul Champagne v. M.N.R.
  • Trico Industries Ltd. v. M.N.R.
  • Lamont Management Limited v The Queen
  • 729658 Alberta Ltd. v The Queen

Published Articles

Janette Y. Pantry and Bill S. Maclagan, “Issues and Updates – Safe Income”, 2008 BC Tax Conference, (Vancouver: Canadian Tax Foundation, 2008), 4:1-35.

John Robertson, “Capital Gains Strips: A Revenue Canada Perspective on the Provisions of Section 55”, 1981 Annual Conference Report, (Toronto: Canadian Tax Foundation, 1982). 81-109, at 89.

Michael Hiltz, “Section 55: An Update”, in Selected Income Tax Aspects of the Purchase and Sale of a Business, 1984 Corporate Management Tax Conference (Toronto: Canadian Tax Foundation, 1984), 40-46, at 40-41.

Greg C. Boehmer and John M. Campbell, “Safe Income and Safe Income on Hand: An Update”, 2005 Ontario Tax Conference, (Toronto: Canadian Tax Foundation, 2005), 5:1-33.

Mark D. Brender, “Subsection 55(2): Part 2” in “The Taxation of Corporation Reorganizations”, (1997), vol. 45, no. 4 Canadian Tax Journal, 806-843.

Rick McLean, Understanding Section 55 and Butterfly Reorganizations, 3rd edition, (Toronto: CCH, 2010), Chapter 2 “Safe Income”.

Duncan Osborne, “Practical Issues in Computing Safe Income”, Report of Proceedings of Fifty-Fourth Tax Conference, 2002 Tax Conference (Toronto: Canadian Tax Foundation, 2003), 42:1-18.

Peter K. Rogers, “Safe Income: A Review of the Calculation of “Safe Income” and Tax Planning Opportunities”, 2004 British Columbia Tax Conference, (Vancouver: Canadian Tax Foundation, 2004), 16:1-20.