13 December 2017 Interpretation 187306

Policy Tabs

Summaries

Summary Under

s. 16.1 election does not cause a leased property to be a capital property

Under the net tax calculation for charities under s. 225.1, the charity is only eligible to claim ITCs for the GST/HST paid or payable in certain...

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Summary Under

acquisition of property entails ownership transfer

Before going on to reject the proposition that an ITA s. 16.1 election had the effect of deeming the lessee to have acquired the leased property...

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Summary Under

s. 16.1 election did not deem leased property to be capital property

CRA considered that a leased property for which an ITA s. 16.1 election has been made is effectively deemed to be a depreciable property for CCA...

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