Two further translated Technical Interpretations are available
The table below provides descriptors and links for two technical interpretations released in December 2013 as fully translated by us.
These (and the other full-text translations covering the last 50 months of CRA releases) are subject to the usual (3 working weeks per month) paywall. Next week is the “open” week for March.
|Bundle Date||Translated severed letter||Summaries under||Summary descriptor|
|2013-12-18||26 November 2013 External T.I. 2012-0449631E5 F - Amount deductible under paragraph 20(1)(e.2)||Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e.2)||reduction of deductible premium amount re pledged policy where net cost of pure insurance (“NCPI”) is lower than premiums|
|15 November 2013 Internal T.I. 2013-0478621I7 F - Transfer of intangibles - TP adjustments||Income Tax Act - Section 247 - New - Subsection 247(2)||group sale with Canco not charging for intangibles should engage s. 247(2)|
|Income Tax Act - Section 56 - Subsection 56(2)||secondary adjustment re group sale with Canco not charging for intangibles|
|Income Tax Act - Section 69 - Subsection 69(4)||s. 69(4) inapplicable where grandchild Canco undercharges for asset sale, enhancing sales proceeds received by ultimate U.S. parent|