Sentences with phrase «larger than the fair market value»
Other home owners have mortgages that are much, much larger than the fair market value of their homes and they are wondering about the wisdom of defaulting on their loans.
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The Queen, the CRA assessed a large group of taxpayers from across Canada on the basis that investments in Registered Retirement Savings Plans (RRSP) were not in qualified investments and that the amount of the investment was less than the fair market value, triggering a taxable income inclusion under the RRSP provisions of the Income Tax Act.