It's my understanding that the purpose of paragraph 6(1)(b) is to essentially take that amount in 1967 and grow it so its real value over time is protected.
On May 15th, 2012. See this statement in context.
On May 15th, 2012. See this statement in context.
Director, Personal Income Tax Division, Tax Policy Branch, Department of Finance
It's my understanding that the purpose of paragraph 6(1)(b) is to essentially take that amount in 1967 and grow it so its real value over time is protected.
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