We have translated 7 more CRA Interpretations

We have published a further 7 translations of CRA interpretations released in January, 2010. Their descriptors and links appear below.

These are additions to our set of 1,285 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 10 ¾ 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
2010-01-29 19 January 2010 External T.I. 2009-0349421E5 F - Récompenses visées par règlement Income Tax Regulations - Regulation 7700 Quebec citizenship prizes are prescribed prizes
2010-01-22 8 January 2010 External T.I. 2009-0344061E5 F - Crédit d'impôt pour la rénovation domiciliaire General Concepts - Ownership partner is “owner” of partnership property for principal residence exemption purposes
Income Tax Act - Section 54 - Principal Residence partner can claim principal residence exemption
Income Tax Act - Section 118.04 - Subsection 118.04(1) - Eligible Dwelling - Paragraph (a) residence of a partnership, but not a corporation, can be an eligible dwelling
8 January 2010 External T.I. 2009-0349721E5 F - Crédit d'impôt pour la rénovation domiciliaire Income Tax Act - Section 96 partner implicitly treated as owning partnership property
Income Tax Act - Section 118.04 - Subsection 118.04(1) - Eligible Dwelling - Paragraph (a) partner incurring renovation expenses while occupying partnership residence can claim HRTC
11 January 2010 External T.I. 2009-0340591E5 F - Specified class - 256(1.1) of the Act Income Tax Act - Section 256 - Subsection 256(1.1) - Paragraph 256(1.1)(d) s. 256(1.1)(d) must be met throughout the period the shares were outstanding – but can cleanse with s. 51 exchange
Income Tax Act - Section 51 - Subsection 51(1) s. 51(1) exchange regarded as the new shares having been issued for consideration equalling the FMV of the old shares
13 January 2010 External T.I. 2010-0353221E5 F - CIRD - Réparations Income Tax Act - Section 118.04 - Subsection 118.04(1) - Qualifying Renovation minor repairs qualified as being on an enduring nature
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense repairing a lock, plumbing or parking lot surface is of an enduring nature
2010-01-15 18 December 2009 External T.I. 2009-0313121E5 F - Sommes reçues par un associé qui se retire Income Tax Act - Section 96 - Subsection 96(1.1) - Paragraph 96(1.1)(a) s. 98.1(1)(a) applies where an agreement to make a payment in compensation for partnership goodwill, cf. where agreement to allocate income
11 December 2009 Internal T.I. 2009-0350221I7 F - Prestations d'assurance emploi Income Tax Act - Section 60 - Paragraph 60(n) - Subparagraph 60(n)(iv) no administrative concession for backdated deduction if the taxpayer had no income in the year of EI repayment