We have translated 5 more CRA Interpretations
10 August 2020 - 11:09pm
Email this ContentWe have published a further 5 translations of CRA interpretations released in April, 2010. Their descriptors and links appear below.
These are additions to our set of 1,241 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 10 1/3 years of releases of Interpretations 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 |
|---|---|---|---|
| 2010-04-23 | 22 December 2009 Internal T.I. 2009-0328141I7 F - 93(2) - Perte due à fluctuation de devises | Income Tax Act - Section 93 - Subsection 93(2.01) - Paragraph 93(2.01)(b) | relief under s. 93(2.01)(b) unavailable where matching FX gain is realized in a subsequent year |
| Income Tax Act - Section 93 - Subsection 93(2) | loss under s. 93(2) includes a loss wholly attributable to a fully-hedged FX loss | ||
| 2010-04-16 | 12 April 2010 External T.I. 2009-0327161E5 F - Revenu de location | General Concepts - Ownership | CRA can be bound by a counter letter rather than the apparent contract |
| Income Tax Act - Section 3 | notwithstanding Guide T4036, rental property can be rented at an arm’s length rent to related persons to generate losses if there is a source of income | ||
| 1 April 2010 Internal T.I. 2009-0352611I7 F - Redressement après le délai de prescription | Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(a) - Subparagraph 152(4)(a)(i) | statement of incorrect income amount for spouse for s. 118(1)(a) credit purposes is a misrepresentation – but CRA must establish that prudent person would not have so erred | |
| 6 April 2010 Internal T.I. 2009-0343091I7 F - Montant pour enfant | Income Tax Act - Section 118 - Subsection 118(4) - Paragraph 118(4)(b) | two separate parents with joint custody and separate residences can agree who claims which of their 3 children | |
| 9 April 2010 External T.I. 2010-0361381E5 F - Eligible Dividend | Income Tax Act - Section 89 - Subsection 89(14) | dividends declared separately can be separate dividends notwithstanding their payment by one cheque |