2015-12-09 |
9 October 2015 APFF Roundtable Q. 1, 2015-0595751C6 F - Deductibility of financing fees and 20(1)(e)(v) |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e) |
discharge of a debt through its assumption or cash proceeds from sub transferee denies a s. 20(1)(e)(v) deduction |
9 October 2015 APFF Roundtable Q. 2, 2015-0595521C6 F - Meaning of "actively engaged" |
Income Tax Act - Section 120.4 - Subsection 120.4(1) - split income - (c) - (ii) - (D) |
IT-349R3 and IT-268R4 potentially relevant to meaing of "actively engaged on a regular basis" |
9 October 2015 APFF Roundtable Q. 3, 2015-0595761C6 F - Application of ss. 18(3.1) |
Income Tax Act - Section 18 - Subsection 18(3.1) - Paragraph 18(3.1)(a) |
no capitalization of repair/maintenance expenses incurred during renovation etc. |
9 October 2015 APFF Roundtable Q. 4, 2015-0595541C6 F - Computation of taxable benefit |
Income Tax Act - Section 15 - Subsection 15(1) |
determination of normal yield re shareholder-provided luxurious property |
23 October 2015 External T.I. 2015-0614231E5 F - Frais de garde subventionnés |
Income Tax Act - Section 63 - Subsection 63(1) |
additional Quebec child care contribution is deductible in the care year rather than the subsequent return-filing year (assuming timely payment to ARQ) |
9 October 2015 APFF Roundtable Q. 6, 2015-0595551C6 F - Capital Dividend Account |
Income Tax Act - Section 87 - Subsection 87(2) - Paragraph 87(2)(z.1) |
amalgamation can cause a combined positive CDA balance to be zeroed |
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account |
capital loss does not eliminate positive CDA contribution of capital dividend received |
9 October 2015 APFF Roundtable Q. 7, 2015-0595561C6 F - Computation of adjusted cost base and section 84.1 |
Income Tax Act - Section 84.1 - Subsection 84.1(2) - Paragraph 84.1(2)(a.1) |
terminal-return capital gains exemption claimed on bequested shares grinds their ACB for s. 84.1 purposes to the family beneficiaries |
9 October 2015 APFF Roundtable Q. 8, 2015-0595591C6 F - Dividend Refund and Part IV Tax Payable |
Income Tax Act - Section 129 - Subsection 129(1) |
unclaimed divided refunds do not generate s. 186(1)(b) tax to the dividend recipient |
9 October 2015 APFF Roundtable Q. 9, 2015-0595661C6 F - Question 9 - Table Ronde APFF 2015 |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(m) |
s. 20(1)(m) reserve may be claimable for an amount included under s. 9 rather than 12(1)(a) |
Income Tax Act - Section 9 - Timing |
damages clause might represent a condition permitting deferral of income recognition |
23 October 2015 External T.I. 2015-0614231E5 F - Frais de garde subventionnés |
Income Tax Act - Section 63 - Subsection 63(1) |
additional Quebec child care contribution is deductible in the care year rather than the subsequent return-filing year (assuming timely payment to ARQ) |
9 October 2015 APFF Roundtable Q. 10, 2015-0595671C6 F - Question 10 - Table Ronde APFF 2015 |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
generally whould be reimbursement for expenses incujrred for affiliate |
General Concepts - Effective Date |
price adjustment clause not required to reduce income for an excessive management fee |