6 more translated CRA interpretations are available

We have published a further 6 translations of CRA interpretations released in July, 2011. Their descriptors and links appear below.

These are additions to our set of 981 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 8 ¼ years of releases of Interpretations by the Directorate. These translations are subject to the usual (3 working weeks per month) paywall. You are currently in the “open” week for October.

Bundle Date Translated severed letter Summaries under Summary descriptor
2011-07-29 6 July 2011 Internal T.I. 2010-0357461I7 F - CII RS&DE Income Tax Act - Section 127 - Subsection 127(8.3) proportionate ITCs allocated to specified member in proportion to capital can then be reallocated under s. 127(8.3) to non-specified member
27 June 2011 External T.I. 2009-0350501E5 F - Gains et pertes sur change étranger Income Tax Act - Section 39 - Subsection 39(2) s. 39(2) gain or loss on USD-denominated purchase arises between acquisition and payment date
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) s. 39(2) gain or loss does not affect CDA until year end
18 July 2011 External T.I. 2010-0370561E5 F - Location avec option d'achat Income Tax Act - Section 49 - Subsection 49(1) where lease is coupled with bargain purchase option, a portion of the rents must be allocated to option proceeds
General Concepts - Substance lease is a lease in the absence of sham
Income Tax Act - Section 68 where lease is coupled with bargain purchase option, a portion of the rents must be allocated to option proceeds
26 May 2011 External T.I. 2010-0354921E5 F - 212(1)d)(vi) - Exemption redevance droit d'auteur Income Tax Act - Section 212 - Subsection 212(1) - Paragraph 212(1)(d) - Subparagraph 212(1)(d)(vi) there now is a blanket exemption for all royalties (including lump sum advances for performances of a play) respecting copyright
2011-07-22 11 July 2011 External T.I. 2010-0367021E5 F - Cotisations excédentaires au REER Income Tax Act - Section 204.2 - Subsection 204.2(1.2) a taxable RRSP withdrawal reduces undeducted RRSP premiums and, as a result, the cumulative excess amount in respect of RRSPs
Income Tax Act - Section 204.1 - Subsection 204.1(2.1) s. 204.1(2.1) tax ceases when, at the end of the month, there is no cumulative excess amount in respect of RRSPs
13 July 2011 External T.I. 2011-0400951E5 F - Alinéa 73(1.01)b) - régime de séparation de biens Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(b) s. 73(1.01)(b) can apply to a transfer occurring pursuant to an ancillary agreement