5 more translated CRA interpretations are available

31 March 2020 - 12:15am
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We have published a further 5 translations of CRA interpretations released in December and November, 2010. Their descriptors and links appear below.

These are additions to our set of 1136 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 9 1/3 years of releases of Interpretations by the Directorate. These translations are subject to the usual (3 working weeks per month) paywall. Next week is the open week for April.

Bundle Date Translated severed letter Summaries under Summary descriptor
2010-12-03 9 November 2010 External T.I. 2010-0380661E5 F - Internal Reorganization Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) - Subparagraph 55(3)(a)(ii) two siblingcos, although not related to each other, were related to dividend recipient on spin-off transaction
Income Tax Act - Section 55 - Subsection 55(4) potential application of s. 55(4) where increase of interest of siblings companies is sheltered by control of Father – unless he held his shares to protect his “economic interests”
9 November 2010 External T.I. 2010-0357091E5 F - Prestation fiscale pour le revenu de travail Income Tax Act - Section 122.7 - Subsection 122.7(1) - Eligibile Dependant qualification as an eligible dependant
22 November 2010 External T.I. 2010-0374861E5 F - Actions - société agricole familiale Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Share of the Capital Stock of a Family Farm or Fishing Corporation - Paragraph (b) test in para. (b) is applied re the use of the property throughout the period of the taxpayer’s ownership
30 September 2010 Internal T.I. 2010-0373901I7 F - Bigamie fiscale - transfert de biens au décès Income Tax Act - Section 70 - Subsection 70(6) - Paragraph 70(6)(a) s. 70(6)(a) could apply simultaneously to the devise of House A to surviving spouse and of House B to surviving common-law partner
Income Tax Act - Section 40 - Subsection 40(4) - Paragraph 40(4)(b) - Subparagraph 40(4)(b)(i) application of s. 40(4)(b)(i) by both surviving spouse re House A and surviving common-law partner re House B – but not for overlapping years
2010-11-26 28 September 2010 External T.I. 2010-0372461E5 F - Exploitation d'une entreprise à perte Income Tax Act - Section 3 - Business Source/Reasonable Expectation of Profit reasonable expectation of profit test not applied where no personal element
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Goodwill, Trademarks and Customer Lists per Canada Starch, a payment made to preserve goodwill or a business is not a capital expenditure