Income Tax Severed Letters - 1994-11-04

Ruling

24 October 1994 Ruling 9426853 - ATR REQUEST REFUSED (INCOME VS CAPITAL)

Unedited CRA Tags
85(1.1)

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.

942685
XXXXXXXXXX Jim Wilson

October 24, 1994

Dear XXXXXXXXXX:

Re: Advance Income Tax Ruling Request

Technical Interpretation - External

2 November 1994 External T.I. 9423845 - PARAGRAPH 60(J.1)

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

PRINCIPAL ISSUE:

Whether the years in which an employee was employed by a foreign subsidiary may be included in determining the number of years of service for the purpose of subparagraph 60(j.1)(A) of the Act?

Position TAKEN:

Yes.

2 November 1994 External T.I. 9418785 - SHAREHOLDER AGREEMENT AND REG 5100(1)

Unedited CRA Tags
5100(1)

Principal Issues: Whether a corporation meets paragraph (d) of the definition of "eligible corporation" in 5100(1) of the Regulations?

1 November 1994 External T.I. 9426035 - RETIRING ALLOWANCE

Unedited CRA Tags
248(1) 60(j,1)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance

Principal Issues:

1 November 1994 External T.I. 9420125 - DEF'N OF ELIGIBLE CORPORATION

Unedited CRA Tags
REG. 5100(1)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 5100 - Eligible Corporation

Principal Issues:

31 October 1994 External T.I. 9420595 - NON-CAPITAL LOSSES

Unedited CRA Tags
87(2.1) 88(1.1) 111
Summary Under
Tax Topics - Income Tax Act - Section 88 - Subsection 88(1.1)

Principal Issues:
How are non-capital losses carryforward determined if there is an amalgamation of wholly-owned subsidiaries and then a wind-up of the amalgamated corporation into its parent?

28 October 1994 External T.I. 9402465 - NON-CAP. LOSSES AND CORP. DEBT

Unedited CRA Tags
15(1) 56(2)
Summary Under
Tax Topics - Income Tax Act - Section 56 - Subsection 56(2)

Principal Issues:

28 October 1994 External T.I. 9419935 - DEF'N OF ELIGIBLE CORP.

Unedited CRA Tags
REG 5100(1)(e)

Principal Issues:

28 October 1994 External T.I. 9418635 - TRANSFER PROPERTY TO A BARE TRUST

Unedited CRA Tags
69(1)(b) 18(1)(a)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Disposition
Summary Under
Tax Topics - Income Tax Act - Section 54 - Disposition - Paragraph (e)

Principal Issues:

27 October 1994 External T.I. 9414365 - SAFE INCOME - FOREIGN AFFILIATES (HAA 5102-3)

Unedited CRA Tags
55(2) 55(5)(d) 113
Summary Under
Tax Topics - Income Tax Act - Section 55 - Subsection 55(2)

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.

		941436
XXXXXXXXXX	T.B. Kuss

Attention: XXXXXXXXXX

October 27, 1994

Dear Sirs:

Re: Safe Income - Foreign Affiliates

27 October 1994 External T.I. 9424045 - TAXATION OF RRIF AMOUNTS AFTER DEATH

Unedited CRA Tags
146.3(6) 146.3(5) 56(1)(t) 70(2)

Principal Issues:

27 October 1994 External T.I. 9424545 - PROFIT SHARING PLAN FOR CORPORATE PARTNER

Unedited CRA Tags
147(1) 96(1)(f) 12(1)(l)
Summary Under
Tax Topics - Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c)
controlling partner controls partnership subs
Summary Under
Tax Topics - Income Tax Act - Section 251 - Subsection 251(2) - Paragraph 251(2)(c) - Subparagraph 251(2)(c)(i)

Principal Issues:

27 October 1994 External T.I. 9427105 - OPTIONS AS RRSP QUALIFIED INVESTEMENTS

Unedited CRA Tags
REG 4900(1)(e) 146(4) 146(9)
Summary Under
Tax Topics - Income Tax Act - Section 146 - Subsection 146(4)
Summary Under
Tax Topics - Income Tax Act - Section 146 - Subsection 146(9)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(e)

Principal Issues:
Why do we take the position that writing covered call options and purchasing call options are acceptable RRSP activities but not buying put options.

27 October 1994 External T.I. 9427125 - DEFERRAL OF LUMP SUM SEVERANCE PAYMENT

Unedited CRA Tags
56(1)(A)(II) 248(1)
Summary Under
Tax Topics - Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(a) - Subparagraph 56(1)(a)(i)

Principal Issues:

27 October 1994 External T.I. 9423385 - GOVT CONTRIBUTIONS TO DOCTORS' RRSP AND RPP

Unedited CRA Tags
146(1) 6(1)(a)(i)

Principal Issues:

26 October 1994 External T.I. 9426135 - PRIVATE CORP SHARES FOR RRSP

Unedited CRA Tags
REG 4900(1)(b) 89(1)(g) REG 3200

Principal Issues:

25 October 1994 External T.I. 9419255 - PARTNERSHIP OR CORPORATION

Unedited CRA Tags
96 95(1)(D)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Corporation
Summary Under
Tax Topics - Income Tax Act - Section 96

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.

		            		941925
XXXXXXXXXX	                		T.B. Kuss

Attention: XXXXXXXXXX

October 25, 1994

Dear Sirs:

Re: Tax Treatment of German Offene Handelsgesellschaft

25 October 1994 External T.I. 9417505 - LIMITED LIABILITY COMPANY (HAA 4093-U5-100-4)

Unedited CRA Tags
95(1)(d) 250(5) ART IV
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Corporation
Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 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.

		941750
XXXXXXXXXX	T.B. Kuss

Attention: XXXXXXXXXX

October 25, 1994

Dear Sirs:

Re: U.S. Limited Liability Companies
Technical Interpretation

25 October 1994 External T.I. 9413235 - OVERSEAS EMPLOYMENT TAX CREDIT

Unedited CRA Tags
122.3(1)(b)(i)
Summary Under
Tax Topics - Income Tax Act - Section 122.3 - Subsection 122.3(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.

		941323
XXXXXXXXXX	T.B. Kuss

Attention: XXXXXXXXXX

October 25, 1994

Dear Sirs:

Re: Overseas Employment Tax Credit

25 October 1994 External T.I. 9414095 - TRANSFER OF SHARES OF FOREIGN AFFILIATE (HAA 6363)

Unedited CRA Tags
85.1(3) 85.1(4)
Summary Under
Tax Topics - Income Tax Act - Section 85.1 - Subsection 85.1(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.

		941409
XXXXXXXXXX	T.B. Kuss

Attention: XXXXXXXXXX

October 25, 1994

Dear Sirs:

Re: Subsection 85.1(4) - Technical Interpretation

25 October 1994 External T.I. 9425835 - SBC USE OF RELESTATE AS CO-TENANT

Unedited CRA Tags
248(1) REG 4900(12)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation

Principal Issues:Determination of primary use of real-estate held by a co-tenant

24 October 1994 External T.I. 9422435 F - REER-RRSP

Unedited CRA Tags
248(23.1) 146(8.9)

Principales Questions:

REER versé au conjoint du rentier décédé après son décès en vertu du partage du patrimoine familial, est-il versé par suite du décès?

Position Adoptée:

24 October 1994 External T.I. 9426305 - CONVERTIBLE DEBENTURES AS QUALIFIED INVESTMENTS

Unedited CRA Tags
REG 4900(6)(a) REG 4900(12)(a) REG 4900(1)(e)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(e)

Principal Issues:

20 October 1994 External T.I. 9416585 - IS RRIF PAYMENT TO U.K. RESIDENT A PENSION? (U4-100-17)

Unedited CRA Tags
ART 18
Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 18

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.

		941658
XXXXXXXXXX	G. Middleton

Attention: XXXXXXXXXX

October 20, 1994

Dear Sirs:

19 October 1994 External T.I. 9425755 - MEANING OF SPOUSE

Unedited CRA Tags
256

Principal Issues:Meaning of "spouse"

18 October 1994 External T.I. 9423465 - LAWYER DISBURSMENT

Unedited CRA Tags
9(1)

Principal Issues:

14 October 1994 External T.I. 9421595 F - DONS DE BIENFAISANCE

Unedited CRA Tags
118.1(3) 118.1(2)

Principales Questions:

L'achat de produits KOSHER dans les marchés d'alimentation ou ailleurs constitue-il un don de bienfaisance aux fins de 118.1?

Position Adoptée:

13 October 1994 External T.I. 9416755 - ACTIVE BUSINESS ASSETS - INSURANCE PROCEEDS

Unedited CRA Tags
110.6(1)
Summary Under
Tax Topics - Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share

Principal Issues:

13 October 1994 External T.I. 9413095 - CORP.PARTNERSHIPS & PART I.3

Unedited CRA Tags
181.2(3)(g) 181.2(4)(e) 181.2(4)(d.1) 181.2(5) 181.2(3)(c)
Summary Under
Tax Topics - Income Tax Act - Section 181.2 - Subsection 181.2(3)

Principal Issues:
TREATMENT OF PART I.3 TAX TO CORPORATE PARTNERSHIP(S): (1) LOAN TO A PARTNERSHIP BY CORPORATE MEMBER, (2) LOAN TO A CORPORATE MEMBER FROM PARTNERSHIP,
(3) LOAN BETWEEN CORPORATE PARTNERSHIPS,
(4) EQUITY BASED ACCOUNTING FOR PARTNERSHIP INTERESTS.

13 October 1994 External T.I. 9425475 - 7(1.5) APPLICATION WHIT NON SHARE CONSIDERATION

Unedited CRA Tags
7(1.5) 85.1(1)
Summary Under
Tax Topics - Income Tax Act - Section 7 - Subsection 7(1.5)

Principal Issues:

12 October 1994 External T.I. 9420045 - CANADIAN'S ARTOWRK

Unedited CRA Tags
REG 1102(1)(e)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 1102 - Subsection 1102(1) - Paragraph 1102(1)(e)

Principal Issues:

26 September 1994 External T.I. 9418475 F - CHOIX CONCERNANT CERTAINS GENRES DE BIENS DÉTENUS

Unedited CRA Tags
110.6(19) 110.6(20) 110.6(3) 110.6(2) 110.6(2.1)

Position Adoptée:

5 August 1994 External T.I. 9416645 - CAPITAL GAINS EXEMPTION FOR STOCK OPTION TRUST

Unedited CRA Tags
7(2) 110.6 110(1)(d) 8(12) 54(c)

Principal Issues:

29 July 1994 External T.I. 9412255 - PAY IN LIEU TO STAFF AT CANADIAN EMBASSY

Unedited CRA Tags
60(j.1) 6(3) 5

Principal Issues:

Conference

2 May 1994 Roundtable, 9411070 - ACQUISITION OF CONTROL OF FOREIGN AFFILIATE

Unedited CRA Tags
111(4) 249(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.

DRAFT

REVENUE CANADA ROUND TABLE

Canadian Petroleum Tax Society Conference

June 2, 1994

Question No. 25

ACQUISITION OF CONTROL OF FOREIGN AFFILIATES - SUBSECTION 111(4)

7 October 1994 APFF Roundtable Q. 2, 9422450 F - INTÉRETS

Unedited CRA Tags
20(1)(c)

Principales Questions:

Inclusion des impôts reportés comme bien et dettes pour les fins de 20.2(2) de la législation proposé sur les intérêts

Position Adoptée:

20 September 1994 APFF Roundtable Q. 4, 9422470 F - PROVISION POUR MARCHANDISES

Unedited CRA Tags
20(1)m)

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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

QUESTION 4

Provision relative à certaines marchandises et à certains services - Alinéa 20(1)m)

12 September 1994 APFF Roundtable Q. 6, 9422490 F - CREANCE IRRECOUVRABLE

Unedited CRA Tags
50(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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

Question 6

Fraction de créance irrécouvrable

7 October 1994 APFF Roundtable Q. 7, 9422500 F - OPTION D'ACHAT D'ACTIONS

Unedited CRA Tags
7(1)(b) 110(1)(d) 7(3)(b)

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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

Question 7

Option d'achat d'actions

9 September 1994 APFF Roundtable Q. 14, 9422560 F - ACCROISSEMENT COUT DES BIENS-LIQUIDATION

Unedited CRA Tags
88(1)(d) 245

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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

Question 14

Accroissement du coût des biens acquis lors de la liquidation d'une société

7 October 1994 APFF Roundtable Q. 20, 9422620 F - IT-114

Unedited CRA Tags
9(1) 18(1)(a)

Principales Questions:

Statut du IT-114

Position Adoptée:

13 September 1994 APFF Roundtable Q. 25, 9422640 F - SOMMES A RECEVOIR

Unedited CRA Tags
9(1) 12(1)b)

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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

Question 25

Sommes à recevoir

7 October 1994 APFF Roundtable Q. 30, 9422530 F - PAIEMENT INCITATIFS OU GAIN REGLEMENT DE DETTES

Unedited CRA Tags
12(1)(x) 80(1)

Principales Questions:

Est-ce qu'il y a un avantage selon l'alinéa 12(1)x) ou un règlement de dettes selon l'article 80 lorsque les prêts accordés par le gouvernement sont effacés lors de l'acquisition d'une entreprise?

Position Adoptée:

7 October 1994 APFF Roundtable Q. 32, 9422670 F - INTÉRET

Unedited CRA Tags
20(1)(c)

Principales Questions:

Déductibilité des intérêts sur un billet émis au rachat d'actions

Position Adoptée:

9 September 1994 APFF Roundtable Q. 43, 9423000 F - CRISTALLISATION

Unedited CRA Tags
54

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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

Question 43

Disposition de biens

13 October 1994 APFF Roundtable Q. 50, 9423060 F - REGIME D'ACCESSION A LA PROPRIETE

Unedited CRA Tags
146.01(1)(d.1) 146.01(2)(a.1)

Principales Questions:

1.Est-ce qu'une résidence utilisée durant les fins de semaine et les vacances annuelles est considérée comme un lieu principal de résidence pour les fins du nouvel alinéa 146.01(2)(a.1)?

2.Est-ce que la réponse est la même s'il y a une désignation aux fins de l'alinéa 40(2)b)?

Position Adoptée:

7 October 1994 APFF Roundtable Q. 52, 9423080 F - INTERET

Unedited CRA Tags
20(1)(c)

Principales Questions:

Avant-projet de loi sur les intérêts applicable?

Position Adoptée:

7 October 1994 CTF Roundtable Q. 9, 9422980 F - PAIEMENTS INCITATIF- SENS DE "REÇU"

Unedited CRA Tags
12(1)(x)

Principales Questions:

Quelle est la position du Ministère sur la portée du terme "reçu" compris dans l'alinéa 12(1)x)?

Position Adoptée:

Technical Interpretation - Internal

2 November 1994 Internal T.I. 9427336 - RRSP ADVANTAGES OF LOW-INTEREST LOAN

Unedited CRA Tags
146(2)(c.4)
Summary Under
Tax Topics - Income Tax Act - Section 146 - Subsection 146(2) - Paragraph 146(2)(c.4)

Principal Issues:

2 November 1994 Internal T.I. 9427806 - SPOUSES AS MEMBERS OF SAME DEFINED BENEFIT PLAN

Unedited CRA Tags
REG 8503(3))(b) REG 8504(1)

Principal Issues:

27 October 1994 Internal T.I. 9421586 - REGISTERED INVESTMENT AND STOCK INDEX FUTURES CONTRACT

Unedited CRA Tags
204.4(2)(d) 132(6) 204.4(7) REG 4901(1) 204.6(1)
Summary Under
Tax Topics - Income Tax Act - Section 132 - Subsection 132(6)
stock index futures
Summary Under
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(e)
Summary Under
Tax Topics - Income Tax Act - Section 204.6 - Subsection 204.6(1)
no tax under s. 204.6 if qualify as an MFT/tax for quasi-MFT re futures contract based on transaction costs

Principal Issues:

26 October 1994 Internal T.I. 9425876 - PREPAYMENT PENALTY

Unedited CRA Tags
18(9.1)
Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(9.1)

Principal Issues:

25 October 1994 Internal T.I. 9423177 - DEDUCTION CHARITABLE DONATIONS

Unedited CRA Tags
70(2) 118.1(1)
Summary Under
Tax Topics - Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Gifts

Principal Issues:

24 October 1994 Internal T.I. 9424617 F - DÉDUCTION D'INTÉRÊT

Unedited CRA Tags
20(1)c) 20(1)d)

Position Adoptée:

20 October 1994 Internal T.I. 9423827 - NON-PROFIT ORGANIZATION

Unedited CRA Tags
149(1)(l)

Principal Issues:

12 October 1994 Internal T.I. 9416777 F - PENSION ALIMENTAIRE

Unedited CRA Tags
60 b) 60 c)

Position Adoptée:

20 September 1994 Internal T.I. 9405437 F - CRÉDIT ET DÉDUCTION D'IMPOT ÉTRANGER

Unedited CRA Tags
126(1) 20(12) 126(7)

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.

		Le 20 septembre 1994
	Centre fiscal de Jonquière	Bureau principal
	541-1-2	Bureau des décisions
M. Séguin
	A l'attention de Stella Lévesque	
		7-940543

Crédit d'impôt étranger et déduction dans le calcul du revenu

16 September 1994 Internal T.I. 9423267 - WRITE DOWN OF MINING PROPERTY - LCT

Unedited CRA Tags
181(1)

Principal Issues:

21 March 1994 Internal T.I. 9406560 F - ALL DE RETRAITE

Unedited CRA Tags
248(1) 60j.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.

Questions - Rencontre Comité Fiscalité C.G.A.

Question 9

Allocation de retraite

Ministerial Letter

2 November 1994 Ministerial Letter 9427918 - DIRECT TRANSFER FROM RPP TO RRIF

Unedited CRA Tags
147.3(4) REG 8517
Summary Under
Tax Topics - Income Tax Act - Section 147.3 - Subsection 147.3(4)

Principal Issues: