Income Tax Severed Letters - 1995-05-05

Ministerial Correspondence

19 April 1995 Ministerial Correspondence 950054A - STRUCTURED SETTLEMENTS

Unedited CRA Tags
56(1)(d) 12.2

Principal Issues:

Technical Interpretation - External

28 April 1995 External T.I. 9501085 - TRANSFER OF RRSP FUNDS TO CHARITY ISSUED ANNUITY

Unedited CRA Tags
146(1) 146(9) 60(l)
Summary Under
Tax Topics - Income Tax Act - Section 146 - Subsection 146(9)

Principal Issues:

28 April 1995 External T.I. 9501905 - TRANSFERS TO AND FROM REGISTERED PLANS

Unedited CRA Tags
206(2) 147.3 146(16) 146(5)
Summary Under
Tax Topics - Income Tax Act - Section 206 - Subsection 206(2)

Principal Issues:

27 April 1995 External T.I. 9509575 - RCA- LETTER OF CREDIT

Unedited CRA Tags
248(1) 207.5

Principal Issues:

27 April 1995 External T.I. 9510435 - CDN CORP TREATED AS P-SHIP IN U.S. (FTC ISSUES)

Unedited CRA Tags
126(2) 126(7) 20(12)

Principal Issues:

26 April 1995 External T.I. 9511125 - CAPITAL GAINS EXEMPTION

Unedited CRA Tags
84.1(1) 110.6(1)

Principal Issues:

26 April 1995 External T.I. 9501815 - CAP. GAIN - CANADA-IRELAND TAX AGREEMENT

Unedited CRA Tags
2(3)(C) 115(1)(B)
Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 13

Principal Issues:

26 April 1995 External T.I. 9502165 - SYSTEMS/OPERATING SOFTWARE

Unedited CRA Tags
212(1)
Summary Under
Tax Topics - Income Tax Act - Section 212 - Subsection 212(1)
shrink wrap exception applied to systems software
Summary Under
Tax Topics - Income Tax Act - Section 212 - Subsection 212(1) - Paragraph 212(1)(d) - Subparagraph 212(1)(d)(i)

Principal Issues:

25 April 1995 External T.I. 9503455 - RETIRING ALLOWANCE

Unedited CRA Tags
248(1) 60(j.1) 56(1)(a)(i)

Principal Issues:

25 April 1995 External T.I. 9429875 - 6363-1 FOREIGN AFFILIATES DEEMED ABI

Unedited CRA Tags
95(2)(A)(II)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 5907 - Subsection 5907(2.7)
Summary Under
Tax Topics - Income Tax Act - Section 95 - Subsection 95(2) - Paragraph 95(2)(a) - Subparagraph 95(2)(a)(ii) - Clause 95(2)(a)(ii)(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.

		942987
XXXXXXXXXX	Olli Laurikainen
(613) 957-2116
Attention: XXXXXXXXXX

April 25, 1995

Dear Sirs:

Re: Subparagraph 95(2)(a)(ii) of the Income Tax Act

25 April 1995 External T.I. 9510145 - QUALIFIED ACTIVE BUSINESS

Unedited CRA Tags
146(1) 5100(1)

Principal Issues:

25 April 1995 External T.I. 9430945 F - FIDUCIE NON RÉSIDENTE

Unedited CRA Tags
94(1)b)(i)(A)(III) 128.1 249(1) 75(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.

5-943094
XXXXXXXXXX M.D. Gervais
(613) 957-8953
A l'attention de XXXXXXXXXX

Le 24 avril 1995,

Monsieur,

Objet: Demande d'interprétation technique - Article 94 de la Loi de l'impôt sur le revenu

24 April 1995 External T.I. 9431245 - BOND ISSUED IN 1980

Unedited CRA Tags
REG 7000 REG 7000(2) 12(9) 12(4) 12(11)

Principal Issues:

24 April 1995 External T.I. 9427715 - SECURITIES LENDING

Unedited CRA Tags
260 212
Summary Under
Tax Topics - Income Tax Act - Section 260 - Subsection 260(2)
Summary Under
Tax Topics - Income Tax Act - Section 260 - Subsection 260(8)
Summary Under
Tax Topics - Income Tax Act - Section 9 - Computation of Profit

Principal Issues:
Securities lending Arrangement - General inquiries.

24 April 1995 External T.I. 9504865 - EXCHANGES OF PROPERTY

Unedited CRA Tags
44(1) 54(d)
Summary Under
Tax Topics - Income Tax Act - Section 44 - Subsection 44(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.

		950486
XXXXXXXXXX	J. Teixeira
(613) 957-8953

April 24, 1995

Dear Sir:

Re: Exchanges of Property
Section 44 of the Income Tax Act1

24 April 1995 External T.I. 9503945 F - REGLE GENERALE ANTI-EVITEMENT

Unedited CRA Tags
245(2) 84(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.

		Le 24 avril 1995
	Bureau de District de Laval	Bureau principal
	Services fiscaux	M.D. Gervais

Attention: Jean-Pierre Gouin

		7-950394

Demande d'opinion - Règle générale anti-évitement

24 April 1995 External T.I. 9506145 - 5102-1 ACB OF PROPERTY ACQUIRED UNDER RESTITUTION

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.

		950614
XXXXXXXXXX	Olli Laurikainen
(613) 957-2116

Attention: XXXXXXXXXX

April 24, 1995

Dear Sirs:

Re: Property Acquired Under Restitution Process

21 April 1995 External T.I. 9422935 - FOREIGN TAX CREDIT (HAA 7988-1)

Unedited CRA Tags
126 ART 11
Summary Under
Tax Topics - Income Tax Act - Section 126 - Subsection 126(1)

Principal Issues:
whether foreign tax credit is available to a Canadian resident beneficiary of a U.K. trust

20 April 1995 External T.I. 9502455 - RRSP

Unedited CRA Tags
146

Principal Issues:

20 April 1995 External T.I. 9510765 - DEFERRED SALARY LEAVE PLAN

Unedited CRA Tags
Reg 6801(a)

Principal Issues:

19 April 1995 External T.I. 9509905 F - CDC

Unedited CRA Tags
89(1)

Principales Questions:

Est-ce que le paiement sur police d'assurance en raison de l'invalidité d'un actionnaire est inclus dans le calcul du CDC?

Position Adoptée:

19 April 1995 External T.I. 9503965 - ACQUISITION OF SHARES AND DIVIDEND REFUND

Unedited CRA Tags
129(1.2)

Principal Issues:

18 April 1995 External T.I. 9432385 - STOCK OPTION & CCPC GOING PUBLIC

Unedited CRA Tags
7(1.1) 128.1(4)(B)(VI)

Principal Issues:

18 April 1995 External T.I. 9507545 F - IMPOT DES GRANDES SOCIÉTÉS

Unedited CRA Tags
181.2(3)(a) 181.2(3)(c)

Principales Questions:

Traitement d'un crédit reporté représentant une aide gouvernementale reçue pour des actifs immobilisés

Position Adoptée:

18 April 1995 External T.I. 9433835 - FOREIGN PENSION PLAN

Unedited CRA Tags
56(1)(a) 6(1)(g) 56(1)(x) 60(j)

Principal Issues:

18 April 1995 External T.I. 9500895 - POOLED FUND TRUSTS

Unedited CRA Tags
5000(7) 206(1)
Summary Under
Tax Topics - Income Tax Act - Section 206 - Paragraph 206(1)(h)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 5000 - Subsection 5000(7) - Pooled Fund Trust

Principal Issues:

13 April 1995 External T.I. 9507305 F - RÉGIME DE RETRAITE

Unedited CRA Tags
147.3(4) 153(1)(b)

Principales Questions:
Traitement des montants versés par RPA lors de sa liquidation

Position Adoptée:
147.3(4) applicable si conditions respectées même si le participant reçoit l'excédent du RPA. Transfert de 147.3(4) peut être fait en transférant des biens.

13 April 1995 External T.I. 9429945 - RELATED AND ASSOCIATED

Unedited CRA Tags
256 251(2)
Summary Under
Tax Topics - Income Tax Act - Section 251 - Subsection 251(6) - Paragraph 251(6)(a)

Principal Issues:

13 April 1995 External T.I. 9508125 F - CONGE A TRAITEMENT DIFFERE

Unedited CRA Tags
REG 6801

Principales Questions:

Reg 6801 respecté si pas de montants différés pour une portion de la période d'échelonnement

Position Adoptée:

13 April 1995 External T.I. 9504395 - CAPITAL GAIN DISTRIBUTIONS BY MUTUAL FUNDS

Unedited CRA Tags
104(21.2) 104(21) 131(1) 110.6(19)

Principal Issues:

12 April 1995 External T.I. 9431385 - TUITION FEE REIMBURSEMENT - TAXABLE BENEFIT

Unedited CRA Tags
6(1)(a)
Summary Under
Tax Topics - Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a)

Principal Issues:

12 April 1995 External T.I. 9501555 - WARRANTS AS FOREIGN PROPERTY FOR RRSP

Unedited CRA Tags
206(1)(d.1)
Summary Under
Tax Topics - Income Tax Act - Section 206 - Paragraph 206(1)(c)

Principal Issues:

12 April 1995 External T.I. 9509815 - DEFERRED SALARY RETIREMENT PLAN

Unedited CRA Tags
60

Principal Issues:

12 April 1995 External T.I. 9504285 - AGREEMENT TO ISSUE SHARES

Unedited CRA Tags
7

Principal Issues:

11 April 1995 External T.I. 9503645 - DEFERRED SALARY LEAVE PLAN

Unedited CRA Tags
REG 6801

Principal Issues:
Whether Plan meets the requirements of section 6801 of the Regulations

11 April 1995 External T.I. 9506715 - CAPITAL GAINS ELECTION - QUALIFIED FARM PROPERTY

Unedited CRA Tags
110.6(1) 110.6(19)

Principal Issues:

10 April 1995 External T.I. 9502595 - DEFERRED SALARY LEAVE PLAN

Unedited CRA Tags
REG 6801

Principal Issues:

7 April 1995 External T.I. 9433855 F - AJOUT PRIVILEGE DE CONVERSION-ARTICLE 54

Unedited CRA Tags
54

Principales Questions:

Ajout d'un privilège de conversion à une débenture existante entraîne-t-elle une disposition fiscale pour son détenteur

Position Adoptée:

7 April 1995 External T.I. 9419135 F - IMPOT DE LA PARTIE XIII

Unedited CRA Tags
212(1)d)(i) 212(1)d)(ii) REG 105

Principales Questions:

art 212(1)d) est-il applicable a l'achat de connaissances techniques dans la situation de fait particulière présentée

Position Adoptée:

7 April 1995 External T.I. 9502925 - CAPITAL GAINS EXEMPTION

Unedited CRA Tags
110.6(8)

Principal Issues:

6 April 1995 External T.I. 9507605 - CAPITAL GAINS ELECTION - INVESTMENT CLUBS

Unedited CRA Tags
110.6(19) 110.6(23)

Principal Issues:

6 April 1995 External T.I. 9421375 F - LIEN DE DÉPENDANCE-CAUSE PEMBROKE FERRY

Unedited CRA Tags
84.1 251(2) 251(2)a) 251(1) 70(6)d)ii)

Principales Questions:

lien de dépendance-cause Pembroke Ferry

Position Adoptée:

5 April 1995 External T.I. 9503485 - PRINCIPAL RESIDENCE EXEMPTION - SUBDIVISION OF LOT

Unedited CRA Tags
54 40(2)(b)

Principal Issues:

Principal residence - land less than 1/2 hectare to be sibdivided and sold.

31 March 1995 External T.I. 9502225 - CAPITAL GAINS EXEMPTION - ANTI-AVOIDANCE RULES

Unedited CRA Tags
110.6(7) 110.6(8)

Principal Issues:

31 March 1995 External T.I. 9501215 - SMALL BUSINESS CORPORATION - XXXXXXXXXX

Unedited CRA Tags
248(1)
Summary Under
Tax Topics - Income Tax Act - Section 125 - Subsection 125(7) - Specified Investment Business
motel but not trailer campsite a non-property business
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation

Principal Issues:

31 March 1995 External T.I. 9430115 - interest in a family farm partnership & capital gains RESERVE

Unedited CRA Tags
97(1) 40(1)(a)(iii) 110.6(1)
Summary Under
Tax Topics - Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(a) - Subparagraph 40(1)(a)(iii)

Principal Issues:

30 March 1995 External T.I. 9429175 - CAPITAL GAINS ELECTION - PROPERTY IN TRUST

Unedited CRA Tags
108(1) 104(21) 104(24) 110.6(19) 107(2)

Principal Issues:

29 March 1995 External T.I. 9431745 - MEDICAL EXPENSE CREDIT - ADJUSTABLE BED

Unedited CRA Tags
118.2(2)(m) REG 5700

Principal Issues:

27 March 1995 External T.I. 9431965 F - REG 402(4)c) ou d)

Unedited CRA Tags
402(3) R 400(2)

Principales Questions:

lequel des alinéas 402(4)c) ou d) des règlements s'applique à la situation de faits décrites

Position Adoptée:

24 March 1995 External T.I. 9431545 - EXECUTOR'S YEAR, LOSS ON SALE OF SHARES

Unedited CRA Tags
85(4) 164(6) 84(3)
Summary Under
Tax Topics - Income Tax Act - Section 85 - Subsection 85(4)
Executor in personal capacity

Principal Issues:

23 March 1995 External T.I. 9506995 - PRINCIPAL RESIDENCE EXEMPTION AND CAPITAL GAINS

Unedited CRA Tags
54 40(2) 110.6

Principal Issues:
Does entire parcel of land on which principal residence is located qualify for the principal residence exemption in calculation of the taxable capital gain?

22 March 1995 External T.I. 9507375 - 54

Unedited CRA Tags
40(2)

Principal Issues:
General - principal residence exemption - land in excess of 1/2 hectare.

22 March 1995 External T.I. 9419185 - WITHHOLDING TAX ON ROYALTIES

Unedited CRA Tags
212(1)(d)
Summary Under
Tax Topics - Treaties - Income Tax Conventions - Article 12

Principales Questions:

retenues a la source sur redevances

Position Adoptée:

21 March 1995 External T.I. 9506275 - LIFETIME CAPITAL GAINS EXEMPTION DRAFT LEGISLATION

Unedited CRA Tags
110.6(19) 110.6(2)(d) 110.6(3) 104(4)(a)

Principal Issues:

17 March 1995 External T.I. 9502445 - PREFERRED BENEFICIARY ELECTION

Unedited CRA Tags
104(15)(c) 2800(3)(f)

Principal Issues:
Determination of the number of preferred beneficiaries who may be entitled to share in accumulating income for purposes of paragraph 2800(3)(f) of the Regulations in a situation where the trust indenture defines capital gains to be included in income of the trust.

14 March 1995 External T.I. 9429345 F - DETTE CONTINGENTE PAYEE PAR VENDEUR

Unedited CRA Tags
38

Principales Questions:

Traitement fiscal d'un paiement par le vendeur d'une dette contingente après avoir vendu l'entreprise

Position Adoptée:

13 March 1995 External T.I. 9503035 - SR&ED APPROVED ASSOCIATION

Unedited CRA Tags
37(1)(a)(ii)(A)

Principal Issues:

10 March 1995 External T.I. 9504815 - N/A

Unedited CRA Tags
N/A N/A N/A N/A N/A

Principal Issues:

7 March 1995 External T.I. 9504095 - MUTUAL FUND TRUSTS - CAPITAL GAINS REFUND FOR QUEBEC

Unedited CRA Tags
120(2) 132
Summary Under
Tax Topics - Income Tax Act - Section 132 - Subsection 132(1)

Principal Issues:
Interplay of subsections 120(2) and 132(4) of the Act.

10 January 1995 External T.I. 9426985 F - ORDRE RELIGIEUX

Unedited CRA Tags
110(2)

Principales Questions:

Un «ordre religieux» doit-il être un «organisme de bienfaisance enregistré» au sens de cette expression définie au paragraphe 248(1) de la Loi pour qu'un particulier puisse réclamer une déduction dans le calcul de son revenu imposable en vertu du paragraphe 110(2) de la Loi?

Position Adoptée:

28 March 1994 External T.I. 9430265 - TRAVEL-PERSONAL OR BUSINESS

Unedited CRA Tags
6(1)(a) 6(1)(b)

Principal Issues:

Conference

1 September 1994 APFF Roundtable Q. 33, 9422680 F - SPCC

Unedited CRA Tags
125(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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRÈS 1994

Question 33

Société privée sous contrôle canadien

1 September 1994 APFF Roundtable Q. 34, 9422690 F - DEPOUILLEMENT DE SURPLUS

Unedited CRA Tags
245(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.

TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
APFF - CONGRES 1994

Question 34

Opérations d'évitement - dépouillement des surplus

Technical Interpretation - Internal

28 April 1995 Internal T.I. 9503307 - TRANSFER TO RRSP FROM U.K. PLAN

Unedited CRA Tags
60(j) 56(1)(a)(i)

Principal Issues:

20 April 1995 Internal T.I. 9508437 - DEFERRED SALARY LEAVE PLAN

Unedited CRA Tags
REG 6801(a)

Principal Issues:

18 April 1995 Internal T.I. 9500997 - OVERSEAS EMPLOYMENT TAX CREDIT COMPUTERS

Unedited CRA Tags
112.3(1)
Summary Under
Tax Topics - Income Tax Act - Section 122.3 - Subsection 122.3(1)

Principal Issues: - A taxpayer employed to implement a computer system in the XXXXXXXXXX has forwarded claims for the Overseas Employment Tax Credit for 1991, 1992 and 1993?

13 April 1995 Internal T.I. 9509976 - RRSPS AND FOREIGN PROPERTY LIMITS

Unedited CRA Tags
206(2)

Principal Issues:

12 April 1995 Internal T.I. 9500817 - RETIREMENT BENEFITS FUNDED WITH AN INSURANCE POLICY

Unedited CRA Tags
56 207.6(2)

Principal Issues:

11 April 1995 Internal T.I. 9509467 - CAPITAL GAINS ELECTION

Unedited CRA Tags
110.6(19) 40(4)

Principal Issues:

29 March 1995 Internal T.I. 9431086 - RPP BRIDGE BENEFITS IN LIEU OF OTHER BENEFITS

Unedited CRA Tags
REG 8503(2)(b) REG 8503(2)(l)
Summary Under
Tax Topics - Income Tax Regulations - Regulation 8503 - Subsection 8503(2) - Paragraph 8503(2)(b)

Principal Issues: Can bridge bendfits under RPP be fully funded through forgone life time retirement benefits?

28 March 1995 Internal T.I. 9502507 - RIGHT TO ROYALTY ELIGIBLE PROPERTY

Unedited CRA Tags
85(1.1)
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Property
Summary Under
Tax Topics - Income Tax Act - Section 85 - Subsection 85(1.1)

Principal Issues: - Will rights to royalty income from XXXXXXXXXX qualify as eligible property under subsection 85(1.1) of the Act?

24 March 1995 Internal T.I. 9506467 F - DÉDUCTIBILITÉ DES INTÉRÊTS

Unedited CRA Tags
20(1)(c) 20.1(1)

Position Adoptée:

23 March 1995 Internal T.I. 9505687 - PATRONAGE DIVIDEND

Unedited CRA Tags
135(4) 135(3) 218

Principal Issues:

22 March 1995 Internal T.I. 9504407 - EXPENSE OR AMORTIZE LEASE INDUCEMENT PAYMENTS

Unedited CRA Tags
9 18

Principal Issues:

22 March 1995 Internal T.I. 9433806 F - REGIME ACCESSION PROPRIETE

Unedited CRA Tags
146.01(3) 146.01(4)

Principales Questions:

particulier participe au RAP, fait faillite subséquemment:
(i) peut-il inclure tout le montant retiré dans sa déclaration pré-faillite;
(ii) est-il libéré de son obligation de rembourser son REER ou d'inclure le montant requis lors de la faillite.

Position Adoptée:

17 March 1995 Internal T.I. 9431067 F - FRAIS JURIDIQUES - LITIGE CONCERNANT DES ACTIONS

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

Position Adoptée:

16 March 1995 Internal T.I. 9432377 - BRODA CHAIR & LUMEX GEL CUSHION AS A MEDICAL EXPENSE

Unedited CRA Tags
118.2(2)(i) REG 5700(i)

Principal Issues:
Broda chair and Lumex gel cushion as a medical expense

16 March 1995 Internal T.I. 9429596 - PERSONAL USE PROPERTY

Unedited CRA Tags
ITAR 26(3) 53 110.6
Summary Under
Tax Topics - Income Tax Application Rules - Subsection 26(3)

Principal Issues:

15 March 1995 Internal T.I. 9505877 F - MÉTHODE COMPTABLE POUR LE COUT DES INVENTAIRES

Unedited CRA Tags
9(1) 10(1)

Position Adoptée:

6 March 1995 Internal T.I. 9430707 - Money lending business

Unedited CRA Tags
20(1)(P)(II)

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.

		March 6, 1995
	Belleville Tax Services	Head Office
	Terry Law	Rulings Directorate
	Audit Division	A.M. Brake
(613) 957-8953
		943070

XXXXXXXXXX

1 March 1995 Internal T.I. 9423717 F - LEVER DU VOILE CORPORATIF ESPOIR RAISONNABLE DE PROFIT

Unedited CRA Tags
9(1)

Principales Questions:

peut on lever le voile corporatif - espoir raisonnable de profit- deductiblilité de depense dans cadre d'aventure de nature commerciale

Position Adoptée:

15 February 1995 Internal T.I. 9423457 F - POLITIQUE DE REMBOURSEMENT AVANTAGE IMPOSABLE

Unedited CRA Tags
84.1 15(1) 4(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.

9 February 1995 Internal T.I. 9418527 - DAMAGES FOR EMPLOYMENT RELATED HUMAN RIGHT VIOLATION

Unedited CRA Tags
6
Summary Under
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance

Principal Issues:taxation of an out of court settlement pertaining to discrimination based on sex