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|