Principal Issues: Is the XXXXXXXXXX a public body performing a function of government as that phrase is used in paragraph 149(1)(c) of the Act?
Position: Yes
Reasons: The XXXXXXXXXX is a public body because it was created as a result of the settlement of land claims in that area. It is operated by a board of directors elected by its members. In addition, members can require meetings be held and remove the directors. The directors must present a report to the members each year. Each member has one vote on issues raised at the annual general meeting. The XXXXXXXXXX is performing a function of government because it is currently negotiating a self-government agreement XXXXXXXXXX
Principal Issues: Do expenditures incurred in November 2008, to convert a home heating system to an en electrical bi-energy heating system, qualify for any income tax credits?
Position: No
Reasons: Expenditures must be incurred after January 27, 2009 to qualify for the HRTC.
Principal Issues: Is interest on borrowings with respect to a rental property deductible under the provisions of section 20.1 of the Income Tax Act, after the source of the income ceases to exit, due to the disposition of the property, which takes place prior to 1994?
Position: No
Reasons: Section 20.1 of the Act contains rules that apply to certain situations, because of a loss of source of income which occurs after 1993.
Submitted by narmstrong on Sat, 11/14/2020 - 17:44
cost of replacing septic tank and drainage field of an enduring nature
Regarding the eligibility for the home renovation tax credit ("HRTC") of the costs of a septic tank and the work to instal a leaching bed, CRA...
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Principales Questions:
Est-ce que les coûts de remplacement et d'installation d'une fosse septique et d'un champ d'épuration se qualifient à titre de dépenses admissibles donnant droit au CIRD?
Position Adoptée:
Question de fait.
Raisons:
Le remplacement ou l'installation d'une fosse septique ou d'un champ d'épuration doit être fait sur un fond de terre qui fait partie d'une habitation admissible pour être admissible au CIRD.
Principal Issues: Would section 80 apply where a creditor legally waives the right to receive accrued and payable interest (which interest was deductible in the computing of the income of the debtor) and forgives the amount in respect of such interest
Position: YES
Reasons: 80(2) (b) deems the interest payable as having a principal amount
Submitted by narmstrong on Sat, 11/14/2020 - 17:41
cost of replacing residential septic system for principal residence (e.g., a cottage) generally qualifies
Regarding the eligibility for the home renovation tax credit ("HRTC") of the costs of a septic tank and the work to instal a leaching bed, and...
The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.
Principales Questions:
Est-ce que les coûts remplacement et d'installation d'une fosse septique et d'un champ d'épuration se qualifient à titre de dépenses admissibles donnant droit au CIRD?
Position Adoptée:
Question de fait
Raisons:
Le remplacement ou l'installation d'une fosse septique ou d'un champ d'épuration doit être fait sur un fond de terre qui fait partie d'une habitation admissible pour être admissible au CIRD.
XXXXXXXXXX 2009-031522
I. Landry, M. Fisc.
Le 15 juillet 2009
Submitted by narmstrong on Sat, 11/14/2020 - 21:50
individual living outside Canada with dependant child can claim s. 118(1)(b) credit if a deemed s. 250(1) resident
Can an individual claim this credit in respect of a dependant - in this case, a child of the individual - where the dependant is not a resident of...
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Principales Questions: Est-ce qu'un particulier peut réclamer le crédit équivalent pour personne entièrement à charge lorsque cette dernière ne réside pas au Canada?
Position Adoptée: Dans certaines circonstances, oui.
Raisons: Un particulier qui habite avec son enfant à l'extérieur du Canada peut réclamer le crédit équivalent pour personne entièrement à charge si le particulier est réputé être un résident du Canada aux termes du paragraphe 250(1) de la Loi de l'impôt sur le revenu.
Submitted by Anonymous (not verified) on Sun, 11/29/2015 - 02:13
"Subsection 162(7) is operative only where the Minister serves a reporting person with a demand for the information return, and that person does...
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Principal Issues: 1. What is the Minister's authority to assess a penalty when a person has late filed Form T106?
2. What is the Minister's authority to assess a penalty after the late filing of T106 when the person's T2 return is statute-barred?
3. If a person files a Form T106 ten years late, what is the Minister's authority to assess a late filing penalty under s. 162(7) of the Act, if there is no gross negligence penalty?
4. How should the Minister calculate interest on a penalty assessed on a late filed T106?
Position: 1. s. 162(7) and (10).
2. There is no relationship between the filing of a T2 return and an information return.
3. S. 220(1).
4. Compound interest is charged from the day on or before which Form T106 was required to be filed.
Reasons: 1. S. 162(7) and (10).
2. The only relationship between the two requirements is that each return has the same due date for filing.
3. S. 162(7) and (10).
4. S. 161(11) and s. 248(11)
