We have translated 6 more CRA Interpretations

We have published a further 6 translations of CRA interpretations released in January, 2010. Their descriptors and links appear below.

These are additions to our set of 1,291 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.

Bundle Date Translated severed letter Summaries under Summary descriptor
2010-01-08 23 December 2009 External T.I. 2009-0341951E5 F - Déductibilité des frais d'emprunt Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e) - Subparagraph 20(1)(e)(ii) legal fees of lender re security package come within s. 20(1)(e)(ii)
2010-01-01 16 December 2009 External T.I. 2009-0349031E5 F - Allocation de retraite, congés de maladie Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance payment of accumulated sick leave not a retiring allowance because paid before retirement
14 April 2009 External T.I. 2007-0238221E5 F - Rights of musician-Transfer Income Tax Act - Section 56 - Subsection 56(4) s. 56(4) generally will apply where royalty is transferred without assignment of copyright, with exception of SOCAN royalty
Income Tax Act - Section 56 - Subsection 56(2) s. 56(2) not applicable where copyright or royalty interests transferred at FMV
Income Tax Act - Section 85 - Subsection 85(1.1) right to royalties from SOCAN constituted eligible property
Income Tax Act - Section 125 - Subsection 125(7) - Specified Investment Business royalty income generated from an active business is itself active business income
17 December 2009 External T.I. 2009-0351781E5 F - MAP - Fauteuil roulant Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(i) motorized chairs included
3 December 2009 External T.I. 2009-0311921E5 F - ESOP-US Income Tax Act - Section 7 - Subsection 7(2) s. 7(2) applied to notional units (tracking shares of US parent) issued to Canadian employees of Canadian sub by an ESOP trust holding shares of the US parent
3 December 2009 External T.I. 2009-0347131E5 F - Prestation consécutive au décès Income Tax Act - Section 248 - Subsection 248(1) - Death Benefit qualifying employee can include a corporate director