Six further full-text translations of severed letters are available

5 April 2017 - 12:29am
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Full-text translations of the French severed letter released last week and five French severed letters released between May 20, 2015 and April 29, 2015 are now available, and are listed and briefly described in the table below.

These (and the other translations covering the last 23 months of CRA releases) are subject to the usual (3 working weeks per month) paywall. You are currently in the "open" week for April.

Bundle Date Translated severed letter Summaries under Summary descriptor
2017-03-29 20 February 2017 External T.I. 2014-0534341E5 F - Partnership change of fiscal period Income Tax Act - Section 249.1 - Subsection 249.1(7) requirement for serious commercial reason for change in non-calendar year end
Income Tax Act - Section 249.1 - Subsection 249.1(4) a partnership of individuals can change with CRA’s permission to a different non-calendar year end
2015-05-20 4 May 2015 External T.I. 2013-0502761E5 F - Stock Options and Earnout General Concepts - Fair Market Value - Shares FMV of shares at time of stock option exercise determined by valuing earn-out clause in subsequent sales agreement
Income Tax Act - Section 7 - Subsection 7(1) - Paragraph 7(1)(a) FMV of shares at time of stock option exercise determined by valuing earn-out clause in subsequent sales agreement
14 April 2015 External T.I. 2015-0570021E5 F - Présomption de gain en capital Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) application of safe harbour where holdco interposed before spin-off transaction
Income Tax Act - Section 55 - Subsection 55(3.01) - Paragraph 55(3.01)(g) application of safe harbour where holdco interposed before spin-off transaction
21 November 2014 External T.I. 2014-0536771E5 F - Supplément pour frais médicaux – Revenu modifié Income Tax Act - Section 122.6 - Cohabiting Spouse or Common-Law Partner surviving spouse is not living separate and apart from deceased spouse at year end
2015-05-13 2 April 2015 External T.I. 2015-0571501E5 F - Perte sur certains transferts Income Tax Act - Section 13 - Subsection 13(21.2) CCA claims made on hypothetical property while partnership is deemed to exist by s. 13(21.2)(f)
2015-04-29 13 April 2015 External T.I. 2012-0449141E5 F - Usufruct Income Tax Act - Section 75 - Subsection 75(2) 75(2) applies to termination of usufruct
Income Tax Act - 101-110 - Section 107 - Subsection 107(2.1) 107(2.1) application to termination of usufruct created for valuable consideration
Income Tax Act - Section 248 - Subsection 248(3) application of trust provisions to creation of usufruct
11 February 2015 External T.I. 2014-0550871E5 F - RAP situation particulière Income Tax Act - Section 146.01 - Subsection 146.01(1) - Regular Eligible Amount - Paragraph (b) interest in home passing on an intestacy and through gift could qualify