We have translated 6 more CRA Interpretations

21 December 2020 - 11:08pm
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We have published a translation of a CRA interpretation released last week and a further 5 translations of CRA interpretation released in July, 2009. Their descriptors and links appear below.

These are additions to our set of 1,350 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
2020-12-16 13 August 2020 Internal T.I. 2019-0818301I7 F - Taxable capital gain designation Income Tax Act - 101-110 - Section 104 - Subsection 104(21.2) the QSBC character of capital gains, including previous years’ reserves, can be flowed out in a 2-tier trust structure
2009-07-17 26 May 2009 External T.I. 2009-0318441E5 F - Bâtiment non-résidentiel admissible Income Tax Regulations - Regulation 1104 - Subsection 1104(2) - Eligible Non-Residential Building hotel but not a seniors’ residence qualifies as “non-residential”
2009-07-10 2 July 2009 External T.I. 2009-0319211E5 F - T5008 : Contrat d'opération à terme (Futures) Income Tax Regulations - Regulation 230 - Subsection 230(2) amount to be entered on T5008 as "proceeds of disposition or payments" is net gain or loss on closing out futures contract
Income Tax Act - Section 9 - Computation of Profit gain or loss on futures contract determined when closed out on establishing opposite position and not affected by maintenance margin
23 June 2009 External T.I. 2009-0322551E5 F - Commission scolaire, Organisme public Income Tax Act - Section 149.1 - Subsection 149.1(1) - Qualified Donee - Paragraph (a) - Subparagraph (a)(iii) school board performs a function of government
2009-07-03 26 June 2009 Internal T.I. 2009-0319501I7 F - Résidence reçue en héritage - PBR Income Tax Application Rules - Subsection 26(3) ACB of property inherited before December 31, 1971 to be determined as of that date
26 June 2009 External T.I. 2009-0323711E5 F - Commissions à des travailleurs indépendants Income Tax Regulations - Regulation 200 - Subsection 200(1) T4A requirement applies equally where payee is a partnership