We have translated 10 more CRA interpretations
23 August 2021 - 11:33pm
Email this ContentWe have published a further 10 translations of CRA interpretation released in April and March, 2007. Their descriptors and links appear below.
These are additions to our set of 1,682 full-text translations of French-language Technical Interpretation and Roundtable items (plus some ruling letters) of the Income Tax Rulings Directorate, which covers all of the last 14 ½ years of releases of such items 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 |
|---|---|---|---|
| 2007-04-06 | 21 March 2007 External T.I. 2005-0142121E5 F - Don au décès d'un contribuable | Income Tax Act - Section 118.1 - Subsection 118.1(18) | gift of shares to a charity is not of non-qualifying securities if immediately after the ownership transfer, the estate now deals at arm's length with the corporation |
| Income Tax Act - Section 118.1 - Subsection 118.1(5) | bequest of shares to spousal trust, with the shares then directed to a registered charity on the spouse’s is treated as a gift of an equitable trust interest by the deceased | ||
| 20 February 2007 External T.I. 2006-0210291E5 F - Remboursement des billets d'avion | Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) | no taxable benefit for business class ticket reimbursement – but benefit if employee is reimbursed for 2 economy tickets for the employee and spouse | |
| 21 February 2007 Internal T.I. 2006-0218421I7 F - Pension alimentaire - date d'exécution | Income Tax Act - Section 56.1 - Subsection 56.1(4) - Commencement Day | retroactive nature of a divorce judgment is to be respected | |
| General Concepts - Effective Date | divorce judgment with stated retroactive effect caused the amounts to “be required to be made” on the earlier date | ||
| 2007-03-30 | 14 March 2007 External T.I. 2007-0219601E5 F - Police d'assurance-vie cédée en garantie | Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e.2) | borrowing must be by the taxpayer |
| 14 March 2007 External T.I. 2006-0169821E5 F - REÉÉ - définition de souscripteur | Income Tax Act - Section 146.1 - Subsection 146.1(1) - Subscriber - Paragraph (c) | legatees of subscriber are subscribers | |
| 2007-03-16 | 26 February 2007 External T.I. 2005-0163391E5 F - Choix en vertu du paragraphe 256(2) de la LIR | Income Tax Act - Section 256 - Subsection 256(2) | making election does not preclude s. 129(6)(b)(i) applying to deem property income to be active business income |
| 2 March 2007 External T.I. 2006-0185471E5 F - Frais de représentation - 67.1 | Income Tax Act - Section 67.1 - Subsection 67.1(1) | confirmation of 1998 agreement as to portion of remote work site daily allowances to be treated as for meals rather than accommodation | |
| Excise Tax Act - Section 236 - Subsection 236(1) | ITA s. 67.1 agreement as to portion of remote work site daily allowances to be treated as for meals rather than accommodation also applies to ETA s. 236 | ||
| 27 February 2007 External T.I. 2006-0216481E5 F - Montant payable à des retraités (annul ass. malad) | Income Tax Act - Section 6 - Subsection 6(3) | compensation for termination of retirees’ benefit plan not includible under s. 6(3) | |
| Income Tax Act - Section 3 - Paragraph 3(a) | compensation for termination of retirees’ benefit plan was not income from a source | ||
| 9 March 2007 External T.I. 2006-0218501E5 F - Application de 75(2) lors d'une émission d'actions | Income Tax Act - Section 75 - Subsection 75(2) | s. 75(2) inapplicable to a corporation issuing shares to a trust of which it may become a beneficiary because it did not own the shares before their issuance | |
| 2007-03-09 | 26 February 2007 External T.I. 2005-0159431E5 F - Renonciation aux revenus d'une fiducie | Income Tax Act - 101-110 - Section 106 - Subsection 106(2) | s. 106(2) inapplicable to renunciation of income not yet realized |
| Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Testamentary Trust - Paragraph (c) | renunciation of income not yet realized is not a contribution to the trust |