Précis: In this case shares were formerly held by a trust of which the appellant was a beneficiary. The trust had been created in 2005 at a time the appellant was not yet born or conceived. They were transferred to the appellant after he was born and sold in 2008 in the year he turned one year old. The date of the sale was more than 24 months from the date of his conception, which the parties agreed was in June of 2006.
Pellerin v. R. - TCC: Infant entitled to capital gains exemptionREAD MORE »