We have published 10 more CRA interpretations

We have published a further 10 translations of CRA interpretation released in December and November, 2006. Their descriptors and links appear below.

These are additions to our set of 1,734 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. Next week is the “open” week for October.

Bundle Date Translated severed letter Summaries under Summary descriptor
2006-12-01 11 December 1995 Internal T.I. 95056370 - Traitement fiscal - versement particulier - indien Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(u) benefits paid to Cree hunters regarding their hunting and trapping activities were s. 56(1)(u) support payments that were not exempted under s. 87
Other Legislation/Constitution - Federal - Indian Act - Section 87 benefits paid to Crees to support their traditional hunter lifestyle were social assistance
2006-11-17 8 November 2006 External T.I. 2006-0176171E5 F - Revente d'un bien amortissable - alinéa 13(7)e) Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(b) - Subparagraph 39(1)(b)(i) capital loss denied on sale of building – proceeds reflected in UCC reduction
Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - F application of disposition expenses under Element F
Income Tax Act - Section 13 - Subsection 13(7) - Paragraph 13(7)(e) no deemed CCA class for s. 13(7)(e) denial
7 November 2006 External T.I. 2006-0201261E5 F - REER: Legs à une fiducie exclusive au conjoint Income Tax Act - Section 146 - Subsection 146(8.1) surviving spouse would be "beneficially interested" in the estate of a deceased RRSP annuitant by virtue of being a beneficiary of a testamentary trust
14 November 2006 External T.I. 2006-0201371E5 F - FERR: Legs à une fiducie exclusive au conjoint Income Tax Act - Section 146.3 - Subsection 146.3(1) - Designated Benefit - Paragraph (a) amount funded with capital encroachment out of spousal trust equaling RRIF of testator would be eligible for the election
16 November 2006 External T.I. 2006-0204901E5 F - Meaning of Full Voting Rights Income Tax Act - Section 186 - Subsection 186(2) requirement for special meeting of preferred shareholders to approve an adverse amendment to articles does not detract from full voting rights of common shareholders
8 November 2006 External T.I. 2006-0208601E5 F - Crédit d'impôt pour transport en commun Income Tax Act - Section 118.02 - Subsection 118.02(1) - Public Commuter Transit Services definition extends to ferrying of motorists
15 November 2006 External T.I. 2004-0083461E5 F - Feb. 2004 Proposals - Paragraph 85(1)(d.11) Income Tax Act - Section 85 - Subsection 85(1) - Paragraph 85(1)(d.11) application date of s. 85(1)(d.11)
7 October 2005 Roundtable, 2005-0140891C6 F - Disposition d'une immobilisation Income Tax Act - Section 14 - Subsection 14(1) - Paragraph 14(1)(b) illustration of application of formula where the vendor of goodwill previously acquired it in a NAL transfer at a gain to the transferor
7 October 2005 Roundtable, 2005-0141021C6 F - Actions admissibles de petite entreprise Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation if Opco and Realtyco are held equally by two unrelated individuals, Realtyco is not an SBC if it holds more than 50% of its assets as debt of Opco
10 November 2006 External T.I. 2006-0174681E5 F - Salaire versé par un employé à un adjoint Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(i) - Subparagraph 8(1)(i)(ii) position in IT-352R2, para. 1 consistent with Longtin