We have translated 6 more CRA Interpretations
1 February 2021 - 11:25pm
Email this ContentWe 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 |