We have translated 19 more CRA Interpretations

We have published translations of 8 questions and responses, from the 2020 APFF Roundtables, released by CRA last week, a further interpretation released the previous week as well as 11 translations of CRA interpretation released in August-October, 2008. Their descriptors and links appear below.

These are additions to our set of 1467 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
2021-03-31 7 October 2020 APFF Roundtable Q. 1, 2020-0852761C6 F - Taxable capital gain designation substantially the same as 2019-0818301I7 F
7 October 2020 APFF Roundtable Q. 3, 2020-0848761C6 F - Réorganisations de sociétés étrangères avec dérivation admissibles Income Tax Act - Section 86.1 - Subsection 86.1(2) - Paragraph 86.1(2)(f) CRA is now disclosing the transaction date for eligible distributions
Income Tax Act - Section 220 - Subsection 220(3.1) CRA may consider the delays until its approval of a s. 86.1 spin-off re s. 220(3.5) penalties
7 October 2020 APFF Roundtable Q. 3, 2020-0851991C6 F - Shares Donation to a tax exempt entity & dividend Income Tax Act - Section 129 - Subsection 129(1.2) on an excepted gift of 10% of the shares of a CCPC to a public foundation and the shares’ redemption, s. 129(1.2) could deny the CCPC’s dividend refund
7 October 2020 APFF Roundtable Q. 4, 2020-0851621C6 F - RRSP or RRIF on death – Joint election Income Tax Act - Section 146 - Subsection 146(8.1) a specific bequest of a RRSP proceeds to a surviving spouse cannot be treated as a refund of premiums
Income Tax Act - Section 146.3 - Subsection 146.3(6.1) specific bequest of RRIF is treated as passing through the estate’s hands, so that a s. 146.3(6.1) election is necessary
7 October 2020 APFF Roundtable Q. 5, 2020-0851601C6 F - TFSA Exempt Contribution - Spousal Trust Income Tax Act - Section 207.01 - Subsection 207.01(1) - Exempt Contribution - Paragraph (b) bequest of TFSA to spousal trust which, in turn, distributed the TFSA proceeds per the will to the surviving spouse would qualify as an indirect transfer as a consequence of death
7 October 2020 APFF Roundtable Q. 6, 2020-0851631C6 F - Options d’achat d’actions - disposition au décès Income Tax Act - 101-110 - Section 110 - Subsection 110(1) - Paragraph 110(1)(d.01) s. 110(1)(d.01) deduction is unavailable for a s. 7(1)(e) benefit
7 October 2020 APFF Roundtable Q. 7, 2020-0864341C6 F - SDA and Formula-Based Plans substantially the same as 2020-0861061C6
7 October 2020 APFF Roundtable Q. 8, 2020-0851641C6 F - Availability of tax information Income Tax Act - Section 45 - Subsection 45(3) record of prior CCA claims might possibly be included in the taxpayer’s Proof of Income going back to 1988, which is available on My Account for Individuals
2021-03-17 23 June 2020 External T.I. 2020-0849761E5 F - SSUC - Entité déterminée et institution publique substantially the same as 2020-0848721E5 F
2008-10-24 6 October 2008 External T.I. 2008-0271421E5 F - Terres à bois-plan d'aménagement forestier Québec Income Tax Act - Section 70 - Subsection 70(9) - Paragraph 70(9)(a) “engaged” requirement in s. 70(9)(a) is satisfied to extent the forest management plan requires no action
Income Tax Act - Section 248 - Subsection 248(1) - Farming woodlot, to be a farm, must focus on the fostering of the stand
Income Tax Act - Section 73 - Subsection 73(3) - Paragraph 73(3)(c) Quebec regional agencies’ plans for forest management plans would generally satisfy s. 73(3)(c), whose “engaged” requirement would be met if such plans did not require work
2008-10-03 24 September 2008 External T.I. 2008-0268511E5 F - Déductibilité des intérêts Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) partial loss of interest deduction on MFT investment loan on capital distributions even where capital distribution allocated solely to interest payment
25 September 2008 Internal T.I. 2008-0292531I7 F - Frais de scolarité -Programme suivi par internet Income Tax Act - Section 118.5 - Subsection 118.5(1) - Paragraph 118.5(1)(b) full-time attendance can occur via the internet
2008-09-26 12 September 2008 External T.I. 2008-0275041E5 F - Don de bien écosensible Income Tax Act - 101-110 - Section 110.1 - Subsection 110.1(1) - Paragraph 110.1(1)(d) donated ecologically sensitive land can be inventory
18 September 2008 External T.I. 2008-0264381E5 F - Résidence d'une fiducie Income Tax Act - 101-110 - Section 104 - Subsection 104(1) securities depositary and custodian did not hold assets under a trust
Income Tax Act - Section 2 - Subsection 2(1) holding of assets by Canadian securities depositary and custodian would not be relevant to trust residence
17 September 2008 External T.I. 2008-0279101E5 F - Pension alimentaire - enfant majeur Income Tax Act - Section 56.1 - Subsection 56.1(1) s. 56.1(1) deemed amounts paid directly to adult child pursuant to court-ordered support obligation to have been received by the other spouse
Income Tax Act - Section 60.1 - Subsection 60.1(1) s. 60.1(1) deemed amounts paid directly to adult child pursuant to court-ordered support obligation to have been paid to the other spouse
2008-09-05 29 August 2008 External T.I. 2007-0257661E5 F - Allocation pour frais de déplacement Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(vii.1) travel between the employer’s place of business (even where a home office) and another business location is not personal
21 August 2008 External T.I. 2008-0272241E5 F - Régime compl. d'assurance de soins médicaux Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) - Subparagraph 6(1)(a)(i) a decrease in salary and increase in HCSA flex credits on renegotiation of employment contract does not result in an income inclusion
2008-08-29 25 August 2008 External T.I. 2005-0139191E5 F - Paiement forfaitaire - pension alimentaire Income Tax Act - Section 60 - Paragraph 60(b) Tsiaprailis does not affect CRA position that lump-sum settlement of support obligations are not deductible and taxable
21 August 2008 External T.I. 2008-0286051E5 F - Revenu de location Income Tax Act - Section 3 - Paragraph 3(a) where one of the two co-owners of a duplex occupies and pays rent for one of the units, she is a source of income to the other co-owner, but not herself