Income Tax Severed Letters - 2010-10-08

Technical Interpretation - External

21 June 2010 External T.I. 2009-0348811E5 - Retiring allowance transfer

Unedited CRA Tags
ITA 60(j.1)

Principal Issues: How much of a retiring allowance can an individual transfer under 60(j.1)?

Position: Provided general comments.
CRA PUBLICATIONS: IT-337R4-Retiring Allowances

18 June 2010 External T.I. 2009-0335901E5 - Home Buyers' Plan - qualified home

Unedited CRA Tags
ITA 146.01

Principal Issues: Is a mobile home on leased land considered a qualifying property for purposes of the Home Buyers' Plan?

Position: Yes. A mobile home on leased land is considered a qualifying property for purposes of the Home Buyers' Plan assuming all other conditions are met.

Reasons: Based on the legislation and CRA publications, there is no requirement that the land on which a mobile trailer is situation be owned.