We have translated over 1700 CRA Interpretations

We have published a translation of a CRA interpretation released last week and a further 10 translations of CRA interpretation released in February and January, 2007. Their descriptors and links appear below.

These are additions to our set of 1,703 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 2/3 years of releases of such items by the Directorate. These translations are subject to the usual (3 working weeks per month) paywall. You are currently in the “open” week for September.

Bundle Date Translated severed letter Summaries under Summary descriptor
2021-09-01 21 June 2021 External T.I. 2019-0815871E5 F - 83(2)b) and cost Income Tax Act - Section 54 - Adjusted Cost Base promissory note issued in satisfaction of a capital dividend has full cost
Income Tax Act - Section 52 - Subsection 52(1) s. 52(1) is unnecessary to establishing full cost for a note transferred in satisfaction of a capital dividend
2007-02-09 17 January 2007 Internal T.I. 2006-0216331I7 F - Association Income Tax Act - Section 256 - Subsection 256(2) administrative policy regarding late elections by third corporation
2007-01-26 6 October 2006 Roundtable, 2006-0197031C6 F - Obligation achetée à prime Income Tax Act - Section 54 - Adjusted Cost Base premium paid on secondary purchase of bond is part of bond ACB
Income Tax Act - Section 12 - Subsection 12(9.1) purchase of bond at a premium does not engage s. 12(9.1)
Income Tax Regulations - Regulation 7000 - Subsection 7000(1) - Paragraph 7000(1)(b) bond that was purchased at a premium is not a Reg. 7000(1)(b) obligation
6 October 2006 Roundtable, 2006-0197091C6 F - Sens de série de paiements périodiques Income Tax Act - Section 60.01 successive partial IRA surrenders are excluded as “a series of periodic payments”
19 January 2007 Internal T.I. 2006-0216451I7 F - Fondation privée investissant dans une S.P. Income Tax Act - Section 96 separate legal personality of DRUPA (or DRULPA) partnerships does not preclude them from being partnerships
Income Tax Act - Section 149.1 - Subsection 149.1(4) - Paragraph 149.1(4)(a) foundation’s registration subject to revocation because it had invested in a Delaware partnership (with stated separate existence) carrying on business
2007-01-19 10 January 2007 External T.I. 2006-0171132E5 F - Revenu locatif Income Tax Act - Section 54 - Principal Residence - Paragraph (a) exemption potentially available re bungalow rented (but not as a source of income) to daughter
Income Tax Act - Section 3 - Paragraph 3(a) - Business Source/Reasonable Expectation of Profit house rented to daughter at below-market rent was not a source of income – rents excluded form income
16 January 2007 External T.I. 2006-0217641E5 F - Dépenses de vêtements - travailleur indépendant Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) clothing expenses of personal stylist are non-deductible
17 January 2007 External T.I. 2005-0152601E5 F - Politique d'application RS & DE 1996-02 Income Tax Act - Section 37 - Subsection 37(1) - Paragraph 37(1)(a) LGL and Tigney pro rata approach to in-Canada requirement
2007-01-12 5 January 2007 External T.I. 2005-0133321E5 F - Validité d'un REER Income Tax Act - Section 248 - Subsection 248(3) - Paragraph 248(3)(c) RRSP arrangement that was not a civil law trust was cured by s. 248(3)(c)
3 January 2007 External T.I. 2006-0180601E5 F - Facturation entre deux sociétés affiliées. Income Tax Act - Section 230 - Subsection 230(1) invoices between domestic affiliates not required, but should be retained for evidentiary purposes consistently with IC-78-10R4
General Concepts - Evidence invoices between domestic affiliates are not required, but are recommended
15 December 2006 External T.I. 2006-0182471E5 F - Intérêts " explicitement identifiés " Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) whether a court order or settlement “explicitly identifies” pre-judgment interest, so as to be taxable, is question of fact