Yes, income while she's alive, but it's quite common that she wouldn't have access to capital. It's the capital that usually gives rise to the capital gains.
On November 17th, 2014. See this statement in context.
On November 17th, 2014. See this statement in context.
November 17th, 2014 / 4:25 p.m.
National Tax Partner, BDO Canada LLP, and Member, Tax Policy Committee, Chartered Professional Accountants of Canada
Yes, income while she's alive, but it's quite common that she wouldn't have access to capital. It's the capital that usually gives rise to the capital gains.
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