We have translated 6 more CRA Interpretations

We have published a translation of a CRA interpretation released last week and a further 5 translations of CRA interpretation released in May and April, 2009. Their descriptors and links appear below.

These are additions to our set of 1,380 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 11 3/4 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 February.

Bundle Date Translated severed letter Summaries under Summary descriptor
2021-01-27 22 June 2020 External T.I. 2020-0848721E5 F - SSUC - Entité déterminée et institution publique Income Tax Act - Section 149 - Subsection 149(1.1) example of application of s. 149(1.1)
2009-05-08 5 May 2009 Internal T.I. 2009-0311211I7 F - Impôt payable par ailleurs en vertu de la Partie I Income Tax Act - Section 117 - Subsection 117(1) "tax otherwise payable under this Part" under s. 127(1) includes corporate surtax
2009-05-01 23 April 2009 External T.I. 2008-0301241E5 F - Fiducie d'invest. à participation unitaire-75(2) Income Tax Act - Section 53 - Subsection 53(2) - Paragraph 53(2)(h) - Subparagraph 53(2)(h)(i.1) CRA could extend IT-369R, para. 10 to avoid ACB reductions to unit trust units where s. 75(2) applies
Income Tax Act - Section 248 - Subsection 248(28) doubtful that s. 248(28)(a) can be applied to preclude ACB grind
Income Tax Act - Section 75 - Subsection 75(2) s. 75(2) generally not applied to commercial unit trust where single class of units subscribed for on FMV terms
22 April 2009 Internal T.I. 2009-0312261I7 F - Étude de faisabilité Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense expenses of optimizing manufacturing operations including of related shelving and other equipment purchases were on income account
2009-04-24 16 April 2009 External T.I. 2008-0294631E5 F - Interaction between 55(2) and 186(1) Income Tax Act - Section 55 - Subsection 55(2) application of s. 55(2) does not affect amount of assessable dividend for Pt. IV tax purposes
25 March 2009 External T.I. 2008-0300401E5 F - Fiducie en faveur de soi-même - prêt sans intérêt Income Tax Act - Section 75 - Subsection 75(2) Howson applied to find that non-interest bearing loan by individual to his alter ego trust not subject to s. 75(2)/no contribution if individual pays trust taxes following a s. 104(13.1) election
Income Tax Act - 101-110 - Section 104 - Subsection 104(13.1) s. 104(13.1) election generally available where no s. 75(2) application, which is not engaged by the individual’s payment of trust-level taxes
Income Tax Act - Section 56 - Subsection 56(4.1) s. 56(4.1) inapplicable to NIB loan made by individual to his alter ego trust
General Concepts - Payment & Receipt individual pays trust taxes when he receives trust distributions net of such taxes