We have translated 11 more CRA interpretations

11 January 2022 - 11:36pm
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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 December and November, 2005. Their descriptors and links appear below.

These are additions to our set of 1,880 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 16 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
2022-01-05 18 November 2021 External T.I. 2021-0917841E5 F - Traitement fiscal d’un revenu d’une emphytéose Income Tax Act - Section 248 - Subsection 248(1) - Disposition the granting of an emphyteusis is a part disposition of property rather than a lease
2005-12-02 4 November 2005 External T.I. 2004-0108271E5 F - Frais juridiques-105(2) Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees legal fees costs incurred to defend the right of use of the property were capital expenditures
17 November 2005 External T.I. 2005-0118101E5 F - Disposition réputée Income Tax Act - Section 128.1 - Subsection 128.1(4) - Paragraph 128.1(4)(b) deemed disposition is not to an arm’s length person, so that no business investment loss can result
Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(c) - Subparagraph 39(1)(c)(ii) no BIL can arise from a deemed disposition and reacquisition
17 November 2005 External T.I. 2005-0118181E5 F - Signification "was applicable" vs "s'est appliqué" Income Tax Act - 101-110 - Section 107 - Subsection 107(4.1) - Paragraph 107(4.1)(b) s. 75(2) “was applicable” even where there was no income to attribute
4 November 2005 External T.I. 2005-0131741E5 F - Don par testament d'un bien culturel Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(a) - Subparagraph 39(1)(a)(i.1) s. 39(1)(a)(i.1) extended to gift by spousal trust
2005-11-18 15 November 2005 External T.I. 2005-0154801E5 F - Service Contract Payments - Filing of T1204 Income Tax Regulations - Regulation 237 - Subsection 237(2) T4A required where no T1204 filing required
2005-11-11 2 November 2005 External T.I. 2004-0093601E5 F - Fiducie au profit d'un mineur Income Tax Act - 101-110 - Section 104 - Subsection 104(18) - Paragraph 104(18)(c) can be discretion regarding distribution of capital other than accumulated income
Income Tax Act - 101-110 - Section 104 - Subsection 104(18) - Paragraph 104(18)(d) there can be discretion to delay payment, but not as to the share
27 October 2005 External T.I. 2004-0103431E5 F - Crédit d'impôt étranger-Gain en capital Income Tax Act - Section 126 - Subsection 126(1) claiming of principal residence exemption or capital loss carryforwards would generally preclude FTC for related US capital gains tax
1 November 2005 External T.I. 2004-0100001E5 F - Revenu d'une fiducie réputé payable Income Tax Act - 101-110 - Section 104 - Subsection 104(18) - Paragraph 104(18)(c) trust can become discretionary once all beneficiaries have attained 21
Income Tax Act - 101-110 - Section 104 - Subsection 104(24) position in ITTN No. 11 re payment of summer camp fees etc. also applies to non-discretionary trusts
2005-11-04 20 September 2005 External T.I. 2005-0140601E5 F - Ristournes - Coop de travailleurs actionnaire Income Tax Act - Section 135 - Subsection 135(1) s. 135(1) can apply to payments to worker members of a shareholder worker co-operative
28 October 2005 External T.I. 2005-0145891E5 F - Redemption of Shares - Balance of Purchase Price Income Tax Act - Section 84 - Subsection 84(3) amount of deemed dividend arose on redemption date based on amount of covenanted future redemption payments