Our severed letter translations go back more than 7 years

8 April 2019 - 7:20pm
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We have published a translation of a CRA interpretation released last week and a further 5 translations of CRA interpretations released in April and March 2012. Their descriptors and links appear below.

These are additions to our set of 825 full-text translations of French-language Rulings, Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers the last 7 years of releases by the Directorate. These translations are subject to the usual (3 working weeks per month) paywall.

Bundle Date Translated severed letter Summaries under Summary descriptor
2019-04-03 27 March 2018 Internal T.I. 2017-0691941I7 F - Investissement frauduleux – Fraudulent Investment Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(p) - Subparagraph 20(1)(p)(i) Ponzi scheme investors can generally write off their reinvested interest income in the year the perpetrators are charged
General Concepts - Effective Date court order ab initio declaring loan void would eliminate interest income
Income Tax Act - Section 152 - Subsection 152(4.2) s. 152(4.2) reversal of Ponzi interest inclusion must be applied for by 10th anniversary of the taxation year
2012-04-06 28 March 2012 External T.I. 2011-0412541E5 F - Compte de dividendes en capital Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) s. 89(12 deemd capital gain generates CDA addition
26 March 2012 External T.I. 2010-0367351E5 F - Emprunt pour faire prêt sans intérêt à une fiducie Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) interest deduction on money borrowed to fund interest-free advance to subsidiary trust used, in turn, for income-producing purpose
29 March 2012 External T.I. 2010-0391311E5 F - OBNL, exploitation d'une entreprise Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) Timmins expansive concept of "business" applied
20 February 2012 Internal T.I. 2011-0429471I7 F - OBNL et profits accessoires Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) food and beverage sales at a the NPO’s annual hosting of festival conformed with operating for non-profit purpose
2012-03-30 22 March 2012 External T.I. 2011-0425571E5 F - Avantage imposable - maison habitée sans frais Income Tax Regulations - Regulation 1102 - Subsection 1102(1) - Paragraph 1102(1)(c) CCA can be claimed on asset made available to employee-shareholder qua employee