We have translated 11 more CRA Interpretations

15 March 2021 - 11:08pm
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We have published 2 translations of CRA interpretation released last week, and a further 9 translations of CRA interpretation released in January 2009, and in December, November and October, 2008. Their descriptors and links appear below.

These are additions to our set of 1,430 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers all of the last 12 1/2 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
2021-03-10 23 June 2020 External T.I. 2020-0849221E5 F - SSUC - Entité déterminée et institution publique Substantially the same as 2020-0848721E5 F
23 June 2020 External T.I. 2020-0849211E5 F - SSUC - Entité déterminée et institution publique substantially the same as 2020-0848721E5 F
2009-01-09 16 December 2008 Internal T.I. 2008-0300361I7 F - Déductibilité de l'impôt minimum sur les sociétés Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose Ontario CMT is non-deductible
2009-01-02 16 December 2008 External T.I. 2008-0279741E5 F - Renonciation au capital d'une fiducie Income Tax Act - Section 56 - Subsection 56(4) s. 56(4) inapplicable to disclaimer of capital interest in a trust
Income Tax Act - Section 54 - Proceeds of Disposition settlor’s renunciation of capital interest (but not income interest) prior to trustees’ exercise of discretion to distribute a capital gain would generate nil proceeds and not engage s. 56(2) or (4)
Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) s. 69(1) does not apply to a renunciation of trust capital interest since no disposition "to" any person
Income Tax Act - Section 75 - Subsection 75(2) settlor’s valid renunciation of capital interest (but not income interest) prior to trustees’ exercise of discretion to distribute a capital gain would avoid application of s. 75(2)(a)(i)
Income Tax Act - Section 248 - Subsection 248(9) - Disclaimer legally impossible for a beneficiary of a discretionary trust to partially renounce income from a specific trust property
Income Tax Act - Section 56 - Subsection 56(2) s. 56(2) inapplicable to renunciation of capital interest in a trust
Income Tax Act - Section 248 - Subsection 248(1) - Disposition - Paragraph (i) non-disposition distribution of non-taxable portion of trust capital gains avoids a gain under s. 107(2.1)
19 December 2008 External T.I. 2008-0299321E5 F - Exploitation forestière et DBFT Income Tax Act - Section 125.1 - Subsection 125.1(3) - Canadian Manufacturing and Processing Profits managing processing operation of another corp. did not qualify
Income Tax Regulations - Regulation 5202 - Cost of Manufacturing and Processing Labour fees of another corp. for managing the taxpayer’s log processing operation could qualify as "cost of manufacturing and processing labour"
2008-12-19 8 December 2008 External T.I. 2008-0264691E5 F - GRIP Addition/ Majoration CRTG Income Tax Act - Section 89 - Subsection 89(7) - Element A - Paragraph (c) dividends of full rate taxable income from sub to parent generated addition to parent’s GRIP addition
2008-12-12 2 December 2008 External T.I. 2008-0301761E5 F - Prepayment of Reassessments - Refund Interest Income Tax Act - Section 164 - Subsection 164(3) CRA will accept an advance payment of a genuinely anticipated reassessment so as to subsequently generate interest on the advance’s refund
2008-11-07 30 October 2008 External T.I. 2006-0198381E5 F - Disposition d'un BUP - application de l'article 42 Income Tax Act - Section 42 - Subsection 42(1) - Paragraph 42(1)(b) payment of claim re latent defect in principal residence generated a s. 42 capital loss – that was denied by s. 40(2)(g)(iii)
28 October 2008 External T.I. 2008-0274281E5 F - Société gestion de pension, moyen de financement Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(o.1) - Subparagraph 149(1)(o.1)(i) - Clause 149(1)(o.1)(i)(A) 2-pronged test
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(o.1) - Subparagraph 149(1)(o.1)(ii) to be accepted, the corporation must hold property rather than only manage
30 October 2008 External T.I. 2008-0286141E5 F - Prestations de retraite reçues par un Indien Other Legislation/Constitution - Federal - Indian Act - Section 87 exempt portion of pension payments determined based on exempt portions of employment as entitlements thereto accrued
2008-10-31 24 October 2008 External T.I. 2008-0278661E5 F - Allocation pour frais de déplacement Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(v) travel to cover “a very great distance” between the employee’s regular work place and the employer’s place of business (a hotel meeting room) is in the course of the employment