Attribution Rules

By giving assets away Attribution Rules are in effect. For each of the following scenarios assume the 'Giftor' is gifting non-registered capital assets. Indicate if a deemed disposition occurs and who the investment income is taxable to.

1) Gifting to adult children

a) Is there an immediate deemed disposition, yes (y) or no (n)?

b) Who is the dividend and interest income taxable to, giftor or recipient?

c) Who is future capital gains taxable to, giftor or recipient?

2) Gifting to minor children

a) Is there an immediate deemed disposition, yes (y) or no (n)?

b) Who is the dividend and interest income taxable to, giftor or recipient?

c) Who is the future capital gains taxbale to, giftor or recipient?

3) Gifting to a spouse

a) Is there an immediate deemed disposition, yes (y) or no (n)?

b) Who is the dividend and interest income taxable to, giftor or recipient?

c) Who is the future capital gains taxbale to, giftor or recipient?