We have translated 10 more CRA interpretations

We have published a further 10 translations of CRA interpretation released in August, 2007. Their descriptors and links appear below.

These are additions to our set of 1,632 full-text translations of French-language severed letters (mostly, Roundtable items and Technical Interpretations) of the Income Tax Rulings Directorate, which covers all of the last 13 ¾ 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
2007-08-31 25 July 2007 External T.I. 2007-0222251E5 F - Perte finale sur un immeuble démoli Income Tax Act - Section 248 - Subsection 248(1) - Disposition demolition of a building is its disposition
Income Tax Act - Section 13 - Subsection 13(21.1) - Paragraph 13(21.1)(b) terminal loss on demolition of building is generally cut in half without ACB bump to subjacent land
25 July 2007 External T.I. 2007-0224601E5 F - Application de l'alinéa 40(2)b) Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(b) s. 40(2)(b) deduction claimable on sale of vacant land formerly used for demolished residence, but only for years of occupation
20 July 2007 Internal T.I. 2007-0230451I7 F - Aide financière aux mineures enceintes Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(u) financial assistance to pregnant minors was includible under s. 56(1)(u) and deductible under s. 110(1)(f)
31 July 2007 Internal T.I. 2007-0237541I7 F - Frais de déplacement, de pension et de logement Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(l.1) lodging and travel expenses of parents incurred during preparatory and recuperation period for a spinal transplant operation for twin children are covered, but not costs of hospital attendants
17 July 2007 External T.I. 2007-0237811E5 F - Régime à traitement différé Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(n) s. 8(1)(n) for required repayment of deferred salary under a deferred salary leave plan
Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(1)(a)(v) requirement to return to work for the period of leave
23 August 2007 Internal T.I. 2007-0245591I7 F - Déductibilité d'un montant de pension alimentaire Income Tax Act - Section 60 - Paragraph 60(b) payments not established to be periodic
17 July 2007 External T.I. 2007-0220121E5 F - Lac artificiel - catégorie d'amortissement Income Tax Regulations - Schedules - Schedule II - Class 6 - Paragraph (e) artificial lake qualifies as a “water storage tank’
2007-08-24 23 July 2007 Internal T.I. 2007-0228601I7 F - Redemption of U.S. Denominated Shares Income Tax Act - Section 39 - Subsection 39(2) s. 86 exchange of US-dollar denominated prefs does not affect patrimony of issuer
Income Tax Act - Section 84 - Subsection 84(3) MacMillan Bloedel distinguished where redemption for preferred shares rather than cash
2007-08-10 23 July 2007 Internal T.I. 2007-0234691I7 F - Foreign Exchange Gains/Losses and CDA Income Tax Act - Section 39 - Subsection 39(2) FX losses sustained on the maturity of commercial paper deemed under s. 39(2) to be realized at year end, so that CDA deduction deferred until then
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) - Subparagraph (a)(ii) s. 39(2) capital losses not deducted until year end
29 June 2007 Internal T.I. 2007-0229431I7 F - Excessive Capital Dividend Income Tax Act - Section 184 - Subsection 184(3) - Paragraph 184(3)(d) proration approach applied where dividend not fully paid