FAPI/FAPL (foreign accrual property income / loss)
French translation: revenu étranger accumulé, tiré de biens
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English to French translations [PRO] Bus/Financial - Finance (general)
English term or phrase:FAPI/FAPL (foreign accrual property income / loss)
For canadien tax purposes, there should not be anu FAPI foreign exchange gain or loss upon the repayment of the loan as the gain/loss would be derived from excluded property.
The repayment of the loan should not result in any FAPI/FAPL as well as any impact on exempt surplus as paragraph 95(2)(g) of the Act would deem any such gain or loss to be nil.