We have published 11 more CRA interpretations

13 September 2021 - 10:46pm
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We have published a translation of a CRA interpretation released last week and a further 10 translations of CRA interpretation released in January, 2007 and December 2006. Their descriptors and links appear below.

These are additions to our set of 1,714 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 ¾ 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
2021-09-08 1 June 2021 External T.I. 2020-0865201E5 F - Sale of property for POD less than FMV Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c) sale of 2 properties by 50-50 corp at a knowing undervalue to the respective shareholders’ own corporations likely was non-arm’s length
Income Tax Act - Section 56 - Subsection 56(2) sale of 2 properties by 50-50 corp at a knowing undervalue to the respective shareholders’ own corporations could engage s. 56(2)
2007-01-05 13 December 2006 External T.I. 2005-0156201E5 F - Records on Heat Sensitized Paper Income Tax Act - Section 230 - Subsection 230(1) non-compliance with s. 230(1) does not preclude establishing an expense
General Concepts - Evidence documentary requirements if a receipt is not available
2 January 2007 External T.I. 2006-0156421E5 F - Frais médicaux Income Tax Act - Section 118.4 - Subsection 118.4(2) psychotherapists are not authorized to practise medicine in Quebec and, thus, are not medical practitioners
21 December 2006 External T.I. 2006-0170851E5 F - Option d'achat de biens immeubles Income Tax Act - Section 49 - Subsection 49(1) capital gain when amount received for extending an option
Income Tax Act - Section 49 - Subsection 49(4) refiling when option exercise in subsequent year
Income Tax Act - Section 13 - Subsection 13(1) recapture of depreciation previously claimed for farm was farming income
6 October 2006 Roundtable, 2006-0197111C6 F - Le paragraphe 70(5.3) de la Loi. Income Tax Act - Section 70 - Subsection 70(5.3) s. 70(5.3) does not deal with impact of life insurance proceeds on different classes of shares
27 October 2006 External T.I. 2006-0212001E5 F - Immobilisations admissibles - Quotas Income Tax Act - Section 14 - Subsection 14(3) pro rata, not FIFO, method should be used to determine what portion of disposed of farm quota units were derived from a s. 14(3) pool
2006-12-29 15 December 2006 External T.I. 2005-0159931E5 F - Frais de fonctionnement et allocation automobile Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) where employee reimbursed for full operating cost of vehicle, personal use portion is a benefit
6 December 2006 External T.I. 2005-0163291E5 F - Résiliation d'une entente contractuelle Income Tax Act - Section 9 - Timing lump sum payment for termination of services contract likely fully deductible when paid
6 December 2006 External T.I. 2006-0152101E5 F - Disposition d'un domaine résiduel Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(b) principal residence exemption extends to s. 43.1(1) gain
Income Tax Act - Section 43.1 - Subsection 43.1(2) - Paragraph 43.1(2)(b) ACB addition to residual interest in farm principal residence disposed of to family farm corporation
4 December 2006 External T.I. 2006-0185301E5 F - Allocation automobile Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(x) allowance cannot be bifurcated so as to result in a component reasonable allowance
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(xi) meaning of mixed allowance
16 November 2006 External T.I. 2006-0198811E5 F - Article 28 - Entreprise agricole Income Tax Act - Section 248 - Subsection 248(1) - Farming hatchery is farming because the product is produced by “natural biological growth and change”