We have translated 8 more CRA Interpretations
14 December 2020 - 11:03pm
Email this ContentWe have published a translation of a CRA interpretation released last week and a further 7 translations of CRA interpretation released in August and July, 2009. Their descriptors and links appear below.
These are additions to our set of 1,344 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 11 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 |
|---|---|---|---|
| 2020-12-09 | 7 October 2020 APFF Roundtable Q. 18, 2020-0862931C6 F - 12(1)(x) and CEBA | Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(x) - Subparagraph 12(1)(x)(iv) | bank lending under CEBA loan program is described in s. 12(1)(x)(i) and forgivable loan included on receipt |
| Income Tax Act - Section 12 - Subsection 12(2.2) | s. 12(2.2) can be applied to non-deductible expenses/consequences of CEBA loan not being forgiven | ||
| Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(hh) | the parties can agree to allocate late CEBA loan repayments between the forgivable and non-forgivable loan components | ||
| 2009-08-07 | 29 June 2009 External T.I. 2008-0296371E5 F - Capital dividends | Income Tax Act - Section 129 - Subsection 129(1.2) | s. 87(2)(aa) would apply to eliminate RDTOH of predecessor given the absence of an s. 83(2.4) equivalent to exempt the predecessor’s notional dividend |
| Income Tax Act - Section 83 - Subsection 83(2.1) | s. 83(2.1) would apply to acquisition and amalgamation with shell corp. with CDA unless s. 83(2.4) exceptions applied | ||
| Income Tax Act - Section 87 - Subsection 87(2) - Paragraph 87(2)(z.1) | s. 87(2)(z.1) would apply to eliminate CDA of predecessor if the s. 83(2.4) exceptions did not prevent the application of s. 83(2.1) to the notional dividend paid by that predecessor | ||
| 30 June 2009 External T.I. 2008-0304311E5 F - Période admissible - CIEE | Income Tax Act - Section 122.3 - Subsection 122.3(1) | meaning of “more than six consecutive months” | |
| 2009-07-31 | 7 July 2009 External T.I. 2008-0267941E5 F - Pompiers volontaires | Income Tax Act - Section 81 - Subsection 81(4) | “volunteer” in s. 81(4) references its broader meaning under provincial standards legislation, and is initially applied by the employer municipality |
| Income Tax Act - Section 5 - Subsection 5(1) | someone normally is a “volunteer” rather than employee if any compensation is too small to be motivating | ||
| 20 July 2009 External T.I. 2009-0312541E5 F - Allocation pour usage d'un véhicule à moteur | Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(x) | car allowance bifurcated into 2 allowances: reasonable per-kilometre allowance; and unreasonable minimum allowance | |
| Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(h.1) | T2200 can be prepared where car allowance bifurcated into 2 allowances, one of which is taxable | ||
| 2009-07-24 | 15 July 2009 External T.I. 2009-0315221E5 F - Crédit d'impôt pour la rénovation domiciliaire | Income Tax Act - Section 118.04 - Subsection 118.04(1) - Qualifying Expenditure | cost of replacing residential septic system for principal residence (e.g., a cottage) generally qualifies |
| 15 July 2009 External T.I. 2009-0316451E5 F - Crédit d'impôt pour la rénovation domiciliaire | Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense | cost of replacing septic tank and drainage field of an enduring nature | |
| 13 July 2009 Internal T.I. 2009-0328161I7 F - Personne entièrement à charge non-résidente | Income Tax Act - Section 118 - Subsection 118(1) - Paragraph 118(1)(b) | individual living outside Canada with dependant child can claim s. 118(1)(b) credit if a deemed s. 250(1) resident |