Income Tax Severed Letters - 1994-07-01

Miscellaneous

24 June 1994 Income Tax Severed Letter 940101B - EMPLOYEE SERVICE AWARDS
Unedited CRA Tags: 
6(1)(a)
Full Title: 
24 June 1994 Income Tax Severed Letter 940101B - EMPLOYEE SERVICE AWARDS

Where an employer provides an employee with a long term service award of jewellery, the quantum of the benefit received will be not less than the...

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Principal Issues:

Technical Interpretation - External

28 June 1994 External T.I. 9330615 - DEFINITION OF QSBCS
Unedited CRA Tags: 
110.6(1)
Full Title: 
28 June 1994 External T.I. 9330615 - DEFINITION OF QSBCS

Where the fair market value of the assets of a corporation ("Parentco 1") comprise active business assets (40%), shares of one subsidiary (12%),...

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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.

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5-933061
XXXXXXXXXXC. Chouinard

Attention: XXXXXXXXXX

June 28, 1994

Dear Sirs:

Re: Capital Gains Exemption - Paragraph 110.6(1)(c) of the Income Tax Act

28 June 1994 External T.I. 9412705 F - PROGRAMME VIRAGE RÉNOVATION
Unedited CRA Tags: 
53(2)k(i) 54g) 40(2)b)

Principales Questions:

Quel est le traitement fiscal d'une aide financière accordée à un contribuable par la Société d'habitation du Québec (SHQ) dans le cadre du programme «Virage Rénovation» à l'égard de rénovations à une résidence principale pour:

1- un prêt garanti de 4 000 $ consenti par une institution financière sur lequel la SHQ paie les intérêts pendant trois (3) ans. Une remise de capital de 500 $ est versée par la SHQ à l'institution financière pour le compte de l'emprunteur, soit à l'échéance du prêt ou lors du remboursement anticipé du prêt; ou

2- une subvention de 1 000 $ versée par la SHQ à la fin des travaux.

Position Adoptée:

27 June 1994 External T.I. 9406005 - CORPORATE STATUS OF A DELAWARE LLC (4093-U5-100-4)
Unedited CRA Tags: 
248(1) 95(1)(d) ART 4
Full Title: 
27 June 1994 External T.I. 9406005 - CORPORATE STATUS OF A DELAWARE LLC (4093-U5-100-4)

A limited liability company formed under Chapter 18, Subtitle II of Title 6 of the laws of Delaware will be treated as a corporation for purposes...

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Full Title: 
27 June 1994 External T.I. 9406005 - CORPORATE STATUS OF A DELAWARE LLC (4093-U5-100-4)

If a Delaware limited liability company having its central management and central in Canada is treated as a partnership rather than a corporation...

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Full Title: 
27 June 1994 External T.I. 9406005 - CORPORATE STATUS OF A DELAWARE LLC (4093-U5-100-4)

If a Delaware limited liability company is treated as a partnership rather than a corporation for purposes of the Internal Revenue Code, with the...

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Full Title: 
27 June 1994 External T.I. 9406005 - CORPORATE STATUS OF A DELAWARE LLC (4093-U5-100-4)

If a Delaware limited liability company is treated as a partnership for purposes of the Internal Revenue Code such that the shareholders rather...

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Principal Issues:

27 June 1994 External T.I. 9408195 - CORPORATE STATUS OF A NOVA SCOTIA CO. (HAA 6363-1)
Unedited CRA Tags: 
248
Full Title: 
27 June 1994 External T.I. 9408195 - CORPORATE STATUS OF A NOVA SCOTIA CO. (HAA 6363-1)

An unlimited liability company incorporated under the Nova Scotia Companies Act is a corporation within the meaning of s. 248 of the Act.

Principal Issues:

24 June 1994 External T.I. 9413065 - FORFEITURES UNDER EPSP
Unedited CRA Tags: 
144
Full Title: 
24 June 1994 External T.I. 9413065 - FORFEITURES UNDER EPSP

Forfeitures may be used to reduce the excess of employer contributions otherwise payable over the minimum level of employer contributions required...

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Principal Issues:

24 June 1994 External T.I. 9325685 - TRANSFER OF PROPERTY TO A PARTNER
Unedited CRA Tags: 
13(7)(e) 14(3) 98(5)(d) 251(1)
Full Title: 
24 June 1994 External T.I. 9325685 - TRANSFER OF PROPERTY TO A PARTNER

Because of the references in the opening of ss.13(7)(e) and 14(3) to "notwithstanding any other provision of this Act", those provisions will...

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Principal Issues:

24 June 1994 External T.I. 9409235 - MUTUAL FUND UNITS AS QUALIFIED INVESTMENT FOR RRSP
Unedited CRA Tags: 
131(8) REG 4900(1)(b) REG 6701 REG 6700 132(6)(c)
Full Title: 
24 June 1994 External T.I. 9409235 - MUTUAL FUND UNITS AS QUALIFIED INVESTMENT FOR RRSP

Because one of the criteria in s. 131(8)(a) is that the corporation be a public corporation, a share of a mutual fund corporation will be a...

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Principal Issues:

23 June 1994 External T.I. 9403465 - SEMINAR EXPENSES
Unedited CRA Tags: 
18(1)(a) 18(1)(l)
Full Title: 
23 June 1994 External T.I. 9403465 - SEMINAR EXPENSES

23 June 1994 External T.I. 9403465 - SEMINAR EXPENSES -- attach -- Paragraph 18(1)(h)

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:14

The amount in respect of a four-day seminar held during a 12-day European cruise for self-employed professionals will be deductible to the extent...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 67 57
Full Title: 
23 June 1994 External T.I. 9403465 - SEMINAR EXPENSES

23 June 1994 External T.I. 9403465 - SEMINAR EXPENSES -- attach -- Section 67

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:16

The amount in respect of a four-day seminar held during a 12-day European cruise for self-employed professionals will be deductible to the extent...

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Principal Issues:

22 June 1994 External T.I. 9409445 - POLICY PREMIUM METHOD - NEGATIVE RESERVE
Unedited CRA Tags: 
9 20(7)(c) REG 1400(g)

Principal Issues:

22 June 1994 External T.I. 9415195 - DELAY IN MOVING AFTER JOB RELOCATION
Unedited CRA Tags: 
62
Full Title: 
22 June 1994 External T.I. 9415195 - DELAY IN MOVING AFTER JOB RELOCATION

22 June 1994 External T.I. 9415195 - DELAY IN MOVING AFTER JOB RELOCATION -- attach -- Section 62

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:18

Where the taxpayer was required to change work locations on February 1992, listed his house for sale but because of market conditions was unable...

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Principal Issues:

22 June 1994 External T.I. 9409815 - WAGE LOSS REPLACEMENT PLANS
Unedited CRA Tags: 
6(1)(f)
Full Title: 
22 June 1994 External T.I. 9409815 - WAGE LOSS REPLACEMENT PLANS

22 June 1994 External T.I. 9409815 - WAGE LOSS REPLACEMENT PLANS -- attach -- Paragraph 6(1)(f)

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:16

Where the employer makes all contributions to one long term disability plan and it is intended that the employees will make all the contributions...

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Principal Issues:

22 June 1994 External T.I. 9412745 - RETIRING ALLOWANCE
Unedited CRA Tags: 
248(1)
Full Title: 
22 June 1994 External T.I. 9412745 - RETIRING ALLOWANCE

22 June 1994 External T.I. 9412745 - RETIRING ALLOWANCE -- attach -- Retiring Allowance

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:12

"The Department has taken the position that a payment in lieu of earnings for the period of reasonable notice which is made by virtue of the...

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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 an amount received before employment benefits such as long term disability cease is a retiring allowance?

Position TAKEN:

Question of fact but it could be.

Reasons FOR POSITION TAKEN:

5-923432 and 5-923820

20 June 1994 External T.I. 9405535 - DIVIDEND REINVESTMENT AND STOCK OPTION PLANS
Unedited CRA Tags: 
15(1)
Full Title: 
20 June 1994 External T.I. 9405535 - DIVIDEND REINVESTMENT AND STOCK OPTION PLANS

The positions set out in three technical interpretations (28 March 1991 - 910235; 8 November 1991 - 912013; and 5 November 1991 - 912999) respecting dividend...

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Principal Issues:

17 June 1994 External T.I. 9332295 - shareholder loans-employee gifts loan to spouse for home
Unedited CRA Tags: 
15(2)(a)(ii)
Full Title: 
17 June 1994 External T.I. 9332295 - shareholder loans-employee gifts loan to spouse for home

"It is our view that a loan will not meet the exclusion requirements of subparagraph 15(2)(a)(ii) of the Act where the individual to receive the...

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Principal Issues:

15 June 1994 External T.I. 9407055 - CLERGYMEN'S RESIDENCE DEDUCTION
Unedited CRA Tags: 
8(1)(c)

Principal Issues:

15 June 1994 External T.I. 9410965 - WITHHOLDING TAX
Unedited CRA Tags: 
212(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.

		941096
XXXXXXXXXX	A. Seidel

Attention: XXXXXXXXXX

June 15, 1994

Dear Sirs:

14 June 1994 External T.I. 9409775 - SINGLE PREMIUM ON A GROUP TERM LIFE INSUR FOR RETIRE
Unedited CRA Tags: 
6(4) 18(9)
Full Title: 
14 June 1994 External T.I. 9409775 - SINGLE PREMIUM ON A GROUP TERM LIFE INSUR FOR RETIRE

A single group term life insurance premium paid by an employer in the situation where the coverage is obtained during the ongoing employment of an...

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Principal Issues:

13 June 1994 External T.I. 9335135 - TAXATION OF SETTLEMENT PROCEEDS
Unedited CRA Tags: 
9
Full Title: 
13 June 1994 External T.I. 9335135 - TAXATION OF SETTLEMENT PROCEEDS

Damages received from a taxpayer's financial advisors as a result of the overpayment of income taxes attributable to inappropriate advice on their...

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Full Title: 
13 June 1994 External T.I. 9335135 - TAXATION OF SETTLEMENT PROCEEDS

Damages received from a taxpayer's financial advisors as a result of the overpayment of income taxes attributable to inappropriate advice on their...

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Principal Issues:

7 June 1994 External T.I. 9408215 F - PENSION ALIMENTAIRE PAYÉ A UN ENFANT MAJEUR
Unedited CRA Tags: 
60b) 60.1(1)b)

Principales Questions:

Un contribuable (père) peut-il obtenir une réduction d'impôt à la source en vertu du paragraphe 153(1.1) de la Loi à l'égard d'une pension alimentaire qu'il paie directement à un enfant majeur qui vit avec sa mère?

Position Adoptée: Non.

10 May 1994 External T.I. 9408765 - GRANDFATHERING NEGATIVE ACB
Unedited CRA Tags: 
53(1) 53(2) 96(1)
Full Title: 
10 May 1994 External T.I. 9408765 - GRANDFATHERING NEGATIVE ACB

An amendment to an offering memorandum circulated prior to 22 February 1994 permitting an offering for an amount greater than the original maximum...

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    					940876
XXXXXXXXXX									C. R. Brown

Attention: XXXXXXXXXX

May 10, 1994

Dear Sirs:

Re: Proposed Legislation on Negative Adjusted Cost Base

10 May 1994 External T.I. 9411385 - GRANDFATHERING NEGATIVE ACB
Unedited CRA Tags: 
53(1) 53(2) 96(1)
Full Title: 
10 May 1994 External T.I. 9411385 - GRANDFATHERING NEGATIVE ACB

Opinion provided that partnership units would be eligible for "grandfathering" respecting the 22 February 1994 Budget proposals concerning...

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    					941138
XXXXXXXXXX									C. R. Brown

Attention: XXXXXXXXXX

May 10, 1994

Dear Sirs:

Re: Proposed Legislation on Negative Adjusted Cost Base

27 April 1994 External T.I. 9408455 - GRANDFATHERING NEGATIVE ACB
Unedited CRA Tags: 
53(1) 53(2) 96(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.

940845
XXXXXXXXXX C. R. Brown

Attention: XXXXXXXXXX

April 27, 1994

Dear Sirs:

Re: Proposed Legislation on Negative Adjusted Cost Base

16 February 1994 External T.I. 9330795 - CANADA-NETHERLANDS TREATY
Unedited CRA Tags: 
ART XI ART 25 ART 11

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.

933079
XXXXXXXXXX T.B. Kuss

February 16, 1994

Dear XXXXXXXXXX:

Re: Protocol to the Canada-Netherlands Income Tax Convention

Conference

12 April 1994 IFA Roundtable Q. 11, 4M00680 - HALIFAX ROUND TABLE QUESTIONS
Unedited CRA Tags: 
12(A) 40(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.

16 May 1994 TEI Roundtable Q. 1, 9411060 - RESTRUCTURING COSTS
Unedited CRA Tags: 
20 20(1)(e)(ii.2)

Principal Issues:

Technical Interpretation - Internal

13 June 1994 Internal T.I. 9410087 F - FRAIS LÉGAUX - OBLIGATION ALIMENTAIRE
Unedited CRA Tags: 
18 56

Principales Questions:

Est-ce que les frais judiciaires encourus pour l'obtention d'un jugement de cour ou d'un accord écrit de séparation au Québec sont déductibles étant donné l'existence de l'obligation alimentaire du Code civil du Québec?

Position Adoptée:

9 June 1994 Internal T.I. 9405947 - SETTLEMENT OF DAMAGES
Unedited CRA Tags: 
6(1)(f)
Full Title: 
9 June 1994 Internal T.I. 9405947 - SETTLEMENT OF DAMAGES

9 June 1994 Internal T.I. 9405947 - SETTLEMENT OF DAMAGES -- attach -- Paragraph 6(1)(f)

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:16

Amounts received in settlement of an action relating to an entitlement to long-term disability benefits were viewed as being a settlement of the...

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Principal Issues:

9 June 1994 Internal T.I. 9404187 F - CRÉDIT ÉQUIVALENT POUR PERSONNE ENTIEREMENT A CHARGE
Unedited CRA Tags: 
118(1)b) 118(4) 118(5) 122.62(9) 60b)

Principales Questions:

1- Le père naturel d'un enfant peut-il réclamer le crédit de l'alinéa 118(1)b) s'il a la garde partagée de l'enfant avec son ex-conjoint, qu'il paie un montant par ailleurs déductible par l'alinéa 60b) et que l'enfant réside avec son père pour une période qui totalise 6 mois par année?

2- Si, par ailleurs, le père naturel ne paie pas de montant et qu'ainsi aucune déduction n'est réclamée par l'alinéa 60b), peut-il réclamer le crédit de l'alinéa 118(1)b)?

3- L'avis obtenu de SBSC en vertu du paragraphe 122.62(9) concernant l'admissibilité ou non d'un particulier à la PFE peut-elle être utilisée pour accorder ou refuser au père le crédit de l'alinéa 118(1)b) à l'égard de l'enfant?

Position Adoptée:

6 June 1994 Internal T.I. 9408117 - WAGE LOSS REPLACEMENT PLAN BENEFITS
Unedited CRA Tags: 
ITAR 19(1) 6(1)(f)

Principal Issues:

3 June 1994 Internal T.I. 9405427 - DEDUCTIBILITY OF INTEREST UNDER 20(1)(C)
Unedited CRA Tags: 
20(1)(c)
Full Title: 
3 June 1994 Internal T.I. 9405427 - DEDUCTIBILITY OF INTEREST UNDER 20(1)(C)

Consideration of interest deductibility in a situation where a loan is used to purchase preferred shares which are exchanged for common shares of...

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Principal Issues:

31 May 1994 Internal T.I. 9412676 F - DROIT D'USAGE D'UNE AUTOMOBILE
Unedited CRA Tags: 
ART 6(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.

		Le 31 mai 1994
	Direction de l'aide à la clientèle	Bureau principal
	400 Cumberland	Danielle Bouffard
	Pièce 8025	(613) 957-8953
	A l'attention de Mme Micheline Landry	
		7-941267

Frais raisonnables pour droit d'usage d'une automobile

6 May 1994 Internal T.I. 9321827 - WARRANTS RECEIVED BY NR AS PART OF POD (T2 FILE)
Unedited CRA Tags: 
212.1 84(3) 15(1)(c) 84(5) ART 13

Principal Issues:

29 April 1994 Internal T.I. 9405497 F - LE «PBR» D'UN BIEN EN INVENTAIRE»
Unedited CRA Tags: 
9(1) 53(1),(2) 10(1)

Principales Questions:

Est-ce que l'article 53 de la Loi s'applique aux biens en inventaire ?
Peut-on utiliser les PCGR pour calculer le gain tiré d'une disposition d'un bien d'inventaire qui consiste en un intérêt dans une société en commandite ?

Position Adoptée:

4 March 1994 Internal T.I. 9321217 - SALE OF BURIAL PLOTS
Unedited CRA Tags: 
9(1) 39 10 18(1)(a) 18(1)(b)
Full Title: 
4 March 1994 Internal T.I. 9321217 - SALE OF BURIAL PLOTS

4 March 1994 Internal T.I. 9321217 - SALE OF BURIAL PLOTS -- attach -- Real Estate

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:15

Although a cemetery operator is considered to deal in rights of interments as inventory, and RC regards the granting of such easements as...

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Full Title: 
4 March 1994 Internal T.I. 9321217 - SALE OF BURIAL PLOTS

4 March 1994 Internal T.I. 9321217 - SALE OF BURIAL PLOTS -- attach -- Computation of Profit

Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:13

The sale of burial plots by cemetery operators is characterized by RC as similar to the granting of an easement, with the result that there is a...

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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 4, 1994

Toronto District Office Manufacturing Industries,
Business Enquiries Group Partnerships and Trusts
Audit Division Division
Section 443-6-6 C.R. Brown
613 957-8953
Attention: Anne Marie Long