2021-05-26 |
2021 Ruling 2020-0868661R3 F - Section 84.1 – Leveraged Buyout |
Income Tax Act - Section 84.1 - Subsection 84.1(1) |
s. 84.1 did not apply to a leveraged buyout financed by the target |
Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c) |
ruling that buyout was an arm’s length transaction |
2008-02-29 |
18 February 2008 External T.I. 2006-0205321E5 F - BAA-corpropriété indivise, QFP-undivided interest |
Income Tax Act - Section 44 - Subsection 44(5) |
on partition and exchange of farms held by two brothers in equal co-ownership, the acquired 50% interests could qualify as replacement properties |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property |
a co-ownership interest in a farm can qualify as a qualified farm property |
18 February 2008 External T.I. 2007-0228491E5 F - Heures travaillées hors décret de la CCQ |
Income Tax Act - Section 127 - Subsection 127(9) - Eligible Apprentice |
hours worked outside the scope of the CCQ (Commission de la construction du Québec) decree are ineligible |
20 February 2008 External T.I. 2007-0232621E5 F - Pourboires versés électroniquement |
Income Tax Regulations - Regulation 100 - Subsection 100(1) - Employer |
“employer” can include agent that handles the payment of tips |
25 February 2008 Internal T.I. 2007-0243871I7 F - Avantages imposables |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
unpaid director was a deemed employee, so that payment of his personal expenses was a s. 6(1)(a) benefit |
Income Tax Act - Section 246 - Subsection 246(1) |
s. 246(1) only used as a fallback provision |
2008-02-22 |
12 February 2008 External T.I. 2006-0217301E5 F - Actions admissibles de petite entreprise |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (c) - Subparagraph (c)(i) |
assets held through a trust do not qualify |
15 February 2008 External T.I. 2007-0232041E5 F - Crédit pour la condition physique des enfants |
Income Tax Act - Section 118.03 - Subsection 118.03(2) |
eligible expenses could include mandatory affiliation fees |
12 February 2008 Internal T.I. 2007-0240721I7 F - Crédit d'impôt pour frais médicaux |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(e) |
a riding school is not an “other place” |
14 February 2008 Internal T.I. 2007-0256401I7 F - Vente d'un surplus actuariel |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(a) - Subparagraph 56(1)(a)(i) |
amount of asset sale price allocated to actuarial surplus was includible under s. 56(1)(a)(i) as being in lieu of refund of such surplus |
2008-02-15 |
6 February 2008 External T.I. 2007-0239951E5 F - Restrictions à la déduction pour amortissement |
Income Tax Regulations - Regulation 1100 - Subsection 1100(11) |
rental property restriction rules are applied separately to directly held rental properties and those attributed to that taxpayer under s. 75(2) |
6 February 2008 External T.I. 2007-0248161E5 F - Retenues à la source / Congédiement |
Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance |
retiring allowances include damages for anguish from wrongful dismissal/no CPP/EI withholding |