not available where share payment of in-the-money value
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Principal Issues: Will a 110(1)(d) or 110(1)(d.1) deduction be available where an employee is granted a stock option by a CCPC and does not exercise their right to acquire shares under the option, rather, is paid the in-the-money or intrinsic value of the option in treasury shares of the CCPC?
Position: No.
Reasons: The conditions of subparagraphs 110(1)(d)(i) and 110(1)(d.1)(i) are not satisfied.
AgriInvest accounts do not taint family farm or fishing corporations
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Principal Issues: Est-ce que les fonds accumulés dans les comptes Agri-investissement et Agri-Québec sont des biens admissibles aux fins de la définition d’ « action du capital-actions d’une société agricole ou de pêche familiale » pour la déduction pour gains en capital? / Are cumulated funds in AgrInvest and Agri-Québec accounts eligible properties for the definition "share of the capital stock of a family farm or fishing corporation" for the capital gains deduction?
Position: Sans objet car leur JVM est réputée nulle par 110.6(1.1). / Not applicable because their FMV is deemed to be nil by ss. 110.6(1.1).
Reasons: Application de 110.6(1.1). / Application of 110.6(1.1).
Principales Questions: Can a taxpayer deduct the costs that he/she was ordered to pay as a consequence of costs being awarded by a court?
Position Adoptée: Generally, yes.
Raisons: Legal costs otherwise deductible would generally include the costs that a taxpayer is required to pay as a consequence of costs being awarded by a court.
Principal Issues: Whether improvement districts, particularly in British Columbia, would be considered municipal or public bodies performing a function of government for the purpose of paragraph 149(1)(c) and therefore able to issue donation receipts as a qualified donee.
