Income Tax Severed Letters - 1994-10-07

Miscellaneous

6 September 1994 9419861 - ARE SPECIAL WARRANTS FLOW-THROUGH SHARES?

Unedited CRA Tags
66(15) 49(3) REG 6202.1

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Issue Sheet

941986 / 942090
A.A. Cameron
September 6, 1994
Representative:Felesky Flynn
Ken S. Skingle

14 June 1994 9410321 - RIGHT OF RESCISSION AND FLOW-THROUGH SHARES

Unedited CRA Tags
66(15) REG 6202.1

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Issue Sheet

A.A. Cameron
June 14, 1994
941032

Question

Ruling

23 September 1994 Ruling 9409403 - ELECTION TO RECEIVE CASH IN LIEU OF SHARES UNDER SEC 7

Unedited CRA Tags
7(1)(b) 110(1)(d)

Principal Issues:when will amounts be taxed/deducted under a proposal to allow employees to cash in sec 7 options and is a 110 deduction available

Ministerial Correspondence

11 March 1994 Ministerial Correspondence 9405354 - SECTION 7 AND CONVERTIBLE PREFERRED SHARES

Unedited CRA Tags
7

Principal Issues:

Technical Interpretation - External

26 September 1994 External T.I. 9412015 - ATTRIBUTION AND COMMUNITY PROPERTY

Unedited CRA Tags
74.1(1)
Summary Under
Tax Topics - Income Tax Act - Section 74.1 - Subsection 74.1(1)

Principal Issues:

22 September 1994 External T.I. 9337105 F - COMPTABILITÉ DE CAISSE

Unedited CRA Tags
28(1) 80(2) 80(3)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

5-933710
XXXXXXXXXX M. Séguin
(613) 957-8953

A l'attention de XXXXXXXXXX

Le 22 septembre 1994,

Monsieur,

22 September 1994 External T.I. 9411805 - RETIRING ALLOWANCE PAID TO U.K. RESIDENT (U4-100-17)

Unedited CRA Tags
ART 18 ART 15 212(1)(j.1) 217 56(1)(l.1)
Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 18

Principal Issues:

21 September 1994 External T.I. 9419115 - EXPENSES AUTHOR

Unedited CRA Tags
18(1)(a)

Principal Issues:

21 September 1994 External T.I. 9419215 - REFUND OF PREMIUMS TO SPOUSE

Unedited CRA Tags
146(8.9) 146(8.1) 248(8) 248(9)
Summary Under
Tax Topics - Income Tax Act - Section 146 - Subsection 146(1) - Refund of Premiums

Principal Issues:

21 September 1994 External T.I. 9414195 - POOLED FUND REMAINDER INTEREST CHARITABLE TRUST

Unedited CRA Tags
118.1

Principal Issues:

20 September 1994 External T.I. 9420315 - STOCK OPTION BENEFITS

Unedited CRA Tags
7(1) 7(3)(a) 39(4)

Principal Issues:

19 September 1994 External T.I. 9419305 - RPPS-FOREIGN PROPERTY, CANADIAN CORPORATIONS

Unedited CRA Tags
206(1)(d) 206(1)(d.1) 89(1)

Principal Issues:

19 September 1994 External T.I. 9418825 - ATTRIBUTION RULES

Unedited CRA Tags
74(2) 74.2(1)
Summary Under
Tax Topics - Income Tax Act - Section 74.2 - Subsection 74.2(1)

Principal Issues:

16 September 1994 External T.I. 9421925 - CAPITAL GAINS EXEMPTION

Unedited CRA Tags
110.6(19)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

XXXXXXXXXX						5-942192

Attention: XXXXXXXXXX

September 16, 1994

Dear Sirs:

Re: Draft Capital Gains Legislation

15 September 1994 External T.I. 9418835 - RRSP SBIT INVESTMENT SMALL CORPORATION DEBT

Unedited CRA Tags
REG 4900(6) REG 5100 REG 5103

Principal Issues:rrsp investments in debt obligations

13 September 1994 External T.I. 9422275 - CHARITABLE DONATIONS - SPLIT RECEIPTING

Unedited CRA Tags
118.1(2) 118.1(3)
Summary Under
Tax Topics - Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Charitable Gifts

Principal Issues:

6 September 1994 External T.I. 9419865 - ARE SPECIAL WARRANTS FLOW-THROUGH SHARES?

Unedited CRA Tags
66(15) 49(3) REG 6202.1
Summary Under
Tax Topics - Income Tax Act - Section 49 - Subsection 49(3)
Summary Under
Tax Topics - Income Tax Act - Section 66 - Subsection 66(15) - Flow-Through Share

Principal Issues:

25 August 1994 External T.I. 9415305 - INTEREST INCOME -ATTRIBUTION TO GRANDPARENT

Unedited CRA Tags
12(1)(c) 74.1(2)

Principal Issues:

23 August 1994 External T.I. 9419875 - SALES COMMISSION MUTUAL FUND LIMITED PARTNERSHIPS

Unedited CRA Tags
96(1) 9(1)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

ADM'S OFFICE (3)

RETURN TO RULINGS, ROOM 303, MET. BLDG.

AUTHOR
SUBJECT OR CORPORATE CASE FILE

XXXXXXXXXX

Dear XXXXXXXXXX:

19 August 1994 External T.I. 9416175 - FORMER BUSINESS PROPERTY

Unedited CRA Tags
13(4) 44(1) 248(1)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Former Business Property

Principal Issues:

24 July 1994 External T.I. 9407075 - TAXABLE PREFERRED SHARES

Unedited CRA Tags
248
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Taxable Preferred Share

Principal Issues:

25 March 1994 External T.I. 9335205 - ALIMONY PAYMENT

Unedited CRA Tags
60(b) 114(A) and (b) 115(1)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Mr. Danny Byrne

International Tax Office
2540 Lancaster Road 5-933520
Ottawa, Ontario
March 25, 1994
Dear Sir,

23 February 1994 External T.I. 9329325 - RESOURCE ALLOWANCE

Unedited CRA Tags
REG 1204(1)(f) REG 1204(1.1) REG 1211(d) 66(15)(c)(i)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

				5-932932
XXXXXXXXXX		Peter Lee

Attention: XXXXXXXXXX

February 23, 1994

Dear Sirs:

Re: Calculation of Resource Profits

Conference

14 June 1994 Roundtable, 9410320 - RIGHT OF RESCISSION AND FLOW-THROUGH SHARES

Unedited CRA Tags
66(15) REG 6202.1

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Revenue Canada Round Table
Canadian Petroleum Tax Society Conference
June, 1994

Question No. 12

FLOW-THROUGH SHARES

15 February 1994 CTF Roundtable, 9335466 - OIL PRODUCT SWAP

Unedited CRA Tags
248(1) REG 402
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Gross Revenue
Summary Under
Tax Topics - Income Tax Regulations - Regulation 402 - Subsection 402(3)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		February 15, 1994
	Provincial and International 	Rulings Directorate
	  Relations Division	Resource Industries
E. E. Campbell	   Section
	A/Director	Peter Lee
		957-8953
	Attention:  Bruno Fioravanti
		7-933546

Oil Product Swaps

Technical Interpretation - Internal

4 July 2009 Internal T.I. 9415947 - INTEREST RATE SWAP - TERMINATION PAYMENT/RECEIPT

Unedited CRA Tags
9 39
Summary Under
Tax Topics - Income Tax Act - Section 9 - Capital Gain vs. Profit - Swaps
termination of a floating-to-fixed interest rate swap on income account

Principal Issues:

20 September 1994 Internal T.I. 9417527 - ELIGIBILITY OF TEACHING SUPPLIES AS DEDUCTIBLE EXPENSE

Unedited CRA Tags
8(1)(i)(iii)

Principal Issues:

20 September 1994 Internal T.I. 9419756 - STUDENT WORK AND SERVICE PROGRAM (SWASP)

Unedited CRA Tags
3

Principal Issues:
Income tax treatment of weekly stipends and completion bonus under Student Work and Service Program

14 September 1994 Internal T.I. 9423527 - RETIRING ALLOWANCE FOR MLA'S

Unedited CRA Tags
60(j.1) 56(1)(a)(ii)
Summary Under
Tax Topics - Income Tax Act - Section 60 - Paragraph 60(j.1)

Principal Issues:

9 September 1994 Internal T.I. 9414797 F - PÉNALITÉ

Unedited CRA Tags
163(2) 239(1)f)

Principales Questions:

1)Lors du calcul de la pénalité prévue au paragraphe 163(2) de la Loi, doit-on tenir compte des crédits d'impôt non remboursables?

2)Aux fins de l'alinéa 239(1)f) de la Loi, doit-on tenir compte des pertes de l'année (qui n'ont pas été reportées) et des crédits d'impôt non remboursables?

Position Adoptée:

9 September 1994 Internal T.I. 9421957 - DEDUCTIBILITY OF DEEP DISCOUNTS AS INTEREST AND IT-114

Unedited CRA Tags
20(1)(c)
Summary Under
Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c)
Summary Under
Tax Topics - Income Tax Act - Section 9 - Exempt Receipts/Business
Summary Under
Tax Topics - Income Tax Act - Section 9 - Expense Reimbursement

Principal Issues:

8 September 1994 Internal T.I. 9413897 - FOSTER CARE PAYMENTS RRSP EARNED INCOME

Unedited CRA Tags
146(1) 81(1)(h)

Principal Issues:Are exempt foster care amounts included in earned income for RRSP and CPP purposes.

8 September 1994 Internal T.I. 9420937 - HUSBAND & WIFE PARTNERSHIP

Unedited CRA Tags
96
Summary Under
Tax Topics - Income Tax Act - Section 96

Principal Issues:

7 September 1994 Internal T.I. 9419087 - EMPLOYEE CONTRI TO FUND PAID UP POLICY FOR RETIRED E

Unedited CRA Tags
REG 2704(1)

Principal Issues:

7 September 1994 Internal T.I. 9417427 - RETIRING ALLOWANCE RECEIVED BY AGENT

Unedited CRA Tags
56(1)(a)(ii) 60(j.1) 153

Principal Issues:

7 September 1994 Internal T.I. 9406256 - FIRST AND LAST TAXATION YEAR OF A TESTAMENTARY TRUST

Unedited CRA Tags
104(23)(a) 104(1)
Summary Under
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(23) - Paragraph 104(23)(a)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Fiscal Period

Principal Issues:

1 September 1994 Internal T.I. 9331436 - MEANING OF PROPORTION IN 126(1)(B)

Unedited CRA Tags
126(1)(B)
Summary Under
Tax Topics - Income Tax Act - Section 126 - Subsection 126(1)

Principal Issues:- DOES TERM PROPORTION IN 126(1)(B) limit the amount of the credit to the part I taxes payable?

25 August 1994 Internal T.I. 9413277 F - ATTRIBUTION - IMMEUBLE DÉTENU CONJOINTEMENT

Unedited CRA Tags
74.1(1) 74.2(1) 74.5

Position Adoptée:

25 August 1994 Internal T.I. 9413907 F - DÉDUCTIBILITÉ DONS ORGANISMES SANS BUT LUCRATIF

Unedited CRA Tags
18(1)(a) 14(5)(b) 67

Position Adoptée:

25 August 1994 Internal T.I. 9414217 F - ETUDIANT A TEMPS PLEIN

Unedited CRA Tags
118.6

Position Adoptée:

24 August 1994 Internal T.I. 9412347 F - TAXE D'AMÉLIORATIONS LOCALES

Unedited CRA Tags
18(9) 20(1)ee)

Principales Questions:

1 - Un montant forfaitaire de XXXXXXXXXX $ payé à l'égard d'une taxe municipale d'améliorations locales dont la période de paiement prévue est d'une durée de 10 ans est-il déductible dans le calcul du revenu tiré d'un bien locatif dans l'année d'imposition du paiement?

2 - Sinon, quel est le montant déductible au cours de l'année du paiement et au cours des années suivantes?

Position Adoptée:

22 August 1994 Internal T.I. 9420867 - INVESTMENT TAX CREDITS

Unedited CRA Tags
127(9) 136(1)

Principal Issues:

22 August 1994 Internal T.I. 9415156 - COMMUTATION OF DEFINED BENEFITS

Unedited CRA Tags
REG 8503(2)(m) 147.3(4) 147.1(11)(b) 147.1(11)(c)

Principal Issues:

19 August 1994 Internal T.I. 9410637 F - FINANCEMENT DE VÉHICULES - IMPÔT DES GRANDES CORP.

Unedited CRA Tags
181.2(3)

Principales Questions:

Est-ce que les avances consenties selon une marge de crédit à un concessionnaire de camions par une institution bancaire suite au financement de l'inventaire de véhicules neufs constituent des soldes de prix de vente ou un prêt pour l'application de 181.2(3) de la Loi?

Position Adoptée:

16 August 1994 Internal T.I. 9417567 F - RÉGIME D'ACCESSION A LA PROPRIÉTÉ

Unedited CRA Tags
146.01(1)

Position Adoptée:

16 August 1994 Internal T.I. 9413957 - MEDICAL EXPENSE CREDIT AND OTHER PRESONAL CREDITS

Unedited CRA Tags
118.2(2) 118(6) 56(5)

Principal Issues:
Whether or not medical expenses paid by grandmother in respect of grandson are deductible pursuant to 118.2(2) by the grandmother. Does grandson meet the definition of "dependant" pursuant to 118(6)?

3 August 1994 Internal T.I. 941980A F - TAXATION OF FAMILY TRUSTS

Unedited CRA Tags
104(4) 104(5.3) 104(5.4)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Imposition des fiducies familiales

26 July 1994 Internal T.I. 9404997 - SPLIT COMMISSIONS ON ADVERTISING-PART XIII

Unedited CRA Tags
212(1)(d)(i) 212(d)(ii) 212(d)(iii)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		July 26, 1994
	INTERNATIONAL TAX 	Rulings DirectoratePROGRAMS DIRECTORATEP. Diguer
	Development of Audit Programs Section	(613) 957-8953

O. Hageraats-Massicotte

14 July 1994 Internal T.I. 9416147 F - IMPOT SUR LES OPÉRATIONS FORESTIÈRES

Unedited CRA Tags
127(1) 1272 961 REG 700

Principales Questions:

Est-ce que la déduction relative à l'impôt sur les opérations forestières payé par une société à Revenu Québec peut être applicable aux membres d'une société?

Position Adoptée:

6 July 1994 Internal T.I. 9411147 F - ALLOCATION DE MATERNITÉ VERSÉE A UNE INDIENNE

Unedited CRA Tags
81(1)a)

Principales Questions:

L'allocation de maternité payée par le ministre de la Main-d'oeuvre, de la Sécurité du revenu et de la Formation professionnelle, au nom du gouvernement du Québec, en vue de soutenir le revenu de la femme qui s'absente du travail pour cause de maternité, est-elle imposable lorsqu'elle est reçue par une Indienne inscrite qui a droit à des prestations d'assurance-chômage qui sont exonérées d'impôt?

Position Adoptée: Non.

29 June 1994 Internal T.I. 4M00927 - DND RETIRING ALLOWANCES - RELATED EMPLOYERS

Unedited CRA Tags
60(j.1)

Principal Issues:

28 June 1994 Internal T.I. 9413047 - CLASSIFICATION OF CAPITAL LEASE PAYMENTS - COMPUTERS

Unedited CRA Tags
CLASS 10(f) CLASS 41 REG 1104(2)

Principal Issues:

Ministerial Letter

3 August 1994 Ministerial Letter 9419808 - TAXATION OF FAMILY TRUSTS

Unedited CRA Tags
104(4) 104(5.3) 104(5.4)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Taxation of Family Trusts

19 July 1994 Ministerial Letter 9417858 - MUTUAL FUN LIMITED PARTNERSHIPS

Unedited CRA Tags
9

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

ADM'S OFFICE (3)

RETURN TO RULINGS, ROOM 303, MET. BLDG.

AUTHOR
SUBJECT OR CORPORATE CASE FILE

July 19, 1994

MEMORANDUM FOR MR. PIERRE GRAVELLE

SUBJECT: Sales Commissions incurred by Mutual Fund Management Corporations

XXXXXXXXXX

17 June 1994 Ministerial Letter 9412298 - ELIMINATION OF CERTIFIED PROPERTY ITC - TRANSITION RULE

Unedited CRA Tags
127(5) 127(9)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

MINISTER/DM'S OFFICE YS# M94-03524M
ADM'S OFFICE

RETURN TO RULINGS, ROOM 303, MET. BLDG.

AUTHOR
SUBJECT OF CORPORATE CASE FILE

June 17, 1994

XXXXXXXXXX

Dear XXXXXXXXXX: