We have translated 5 more CRA Interpretations
We have published a further 5 translations of CRA interpretations released in February and January, 2010. Their descriptors and links appear below.
These are additions to our set of 1,278 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 10 2/3 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 October.
|Bundle Date||Translated severed letter||Summaries under||Summary descriptor|
|2010-02-05||15 January 2010 External T.I. 2009-0343841E5 F - Application du paragraphe 127(10.22)||Income Tax Act - Section 127 - Subsection 127(10.22)||interposition of Holdco broke a condition for application of s. 127(10.22)|
|1 February 2010 Internal T.I. 2010-0354671I7 F - Frais de gestion à une fiducie||Income Tax Act - Section 67||CRA policy of not challenging reasonableness of bonuses paid by CCPC to an individual holding through Holdco does not apply where individual holds through trusts|
|21 December 2009 Internal T.I. 2008-0296131I7 F - Fraction à risque||Income Tax Act - Section 96 - Subsection 96(2.2) - Paragraph 96(2.2)(c)||exception from s. 96(2.2)(c) for legitimate business loans from related parties|
|14 January 2010 Internal T.I. 2009-0323991I7 F - Débenture échangeable et opération à terme||Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(f)||only ½ deduction under s. 20(1)(f)(ii) for premium paid on cash-settling an exchangeable debenture under pre-2010 policy, and no s. 20(1)(f) deduction for cash settlement of forward|
|Income Tax Act - Section 9 - Capital Gain vs. Profit - Futures/Forwards/Hedges||premium was paid on capital account in closing out a cash-settled forward entered into in order to monetize a shareholding|
|Income Tax Act - Section 152 - Subsection 152(1)||CRA position of applying changes in published policy prospectively|
|Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(a) - Subparagraph 152(4)(a)(i)||full deduction of amounts only partly, or not, deductible under s. 20(1)(f) would have caught the eye of a wise and prudent person reviewing the return|
|2010-01-29||26 January 2010 External T.I. 2009-0344121E5 F - REER, déduction pour cotisations excédentaires||Income Tax Act - Section 146 - Subsection 146(8.2) - Paragraph 146(8.2)(c)||a reference in Part I to a notice of assessment refers to a Part I notice of assessment|