My understanding is that when there is an obligation to repay, which is the case when financial institutions make a loan, should that default, it is not a deemed contribution.
Is that correct?
On November 1st, 2012. See this statement in context.
November 1st, 2012 / 11:45 a.m.
Vice-President, Policy and Operations, Canadian Bankers Association
My understanding is that when there is an obligation to repay, which is the case when financial institutions make a loan, should that default, it is not a deemed contribution.
Is that correct?
See context to find out what was said next.