We have translated 8 more CRA interpretations

7 March 2022 - 10:56pm
Email this ContentEmail this Content

We have published a further 8 translations of CRA interpretation released in May, 2005. Their descriptors and links appear below.

These are additions to our set of 1,950 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 ¾ years of releases of such items by the Directorate. These translations are subject to our paywall (applicable after the 5th of each month).

Bundle Date Translated severed letter Summaries under Summary descriptor
2005-05-20 25 April 2005 Internal T.I. 2004-0108301I7 F - Coût d'une automobile Income Tax Act - Section 6 - Subsection 6(2) - Element C cost of automobile acquired pursuant to exercise of bargain purchase option increased under s. 49(3) by portion of each preceding lease payment treated as an option premium
Income Tax Act - Section 49 - Subsection 49(3) each car lease payment contained an embedded premium referable to the bargain purchase option, which was added under s. 49(3)
2005-05-13 18 April 2005 External T.I. 2004-0093821E5 F - Fiducie créée par testament Income Tax Act - Section 70 - Subsection 70(6) - Paragraph 70(6)(b) spouse electing not to receive income, so that it is added to corpus, does not taint spouse trust status
Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Testamentary Trust - Paragraph (c) - Subparagraph (c)(i) beneficiary electing not to receive income before it becomes payable does not taint the trust (cf. renouncing income already payable)
13 April 2005 Internal T.I. 2004-0109071I7 F - Partie XIII et revenus locatifs Income Tax Act - Section 216 - Subsection 216(4) services provided by property manager to tenant were sufficiently limited to permit making the s. 216(4) election
Income Tax Act - Section 215 - Subsection 215(3) property manager required to withhold on the gross rents collected absent a s. 216(4) election
18 April 2005 External T.I. 2004-0096231E5 F - Déduction de l'impôt payable - emploi à l'étranger Income Tax Act - Section 122.3 - Subsection 122.3(1) - Paragraph 122.3(1)(a) severance allowance not employment income until year of receipt
3 May 2005 Internal T.I. 2005-0120021I7 F - Pension de retraite provenant de la France Treaties - Income Tax Conventions - Article 18 pension exemption under French Treaty continues to apply in the hands of surviving spouse
4 May 2005 External T.I. 2005-0120271E5 F - Change of Control - CDA & RDTOH Income Tax Act - Section 256 - Subsection 256(7) - Paragraph 256(7)(a) - Subparagraph 256(7)(a)(i) - Clause 256(7)(a)(i)(A) s. 256(7)(a)(i)(A) applied where taxpayer acquired shares of CCPC from his sister
22 March 2005 External T.I. 2004-0098591E5 F - Application de l'alinéa 212(9)d) proposé Income Tax Act - Section 212 - Subsection 212(9) - Paragraph 212(9)(d) extension to provincial regulatory authority under review
11 April 2005 External T.I. 2004-0091721E5 F - Usufruit d'un bien immeuble situé en France Income Tax Act - Section 248 - Subsection 248(3) - Paragraph 248(3)(a) usufructuary of rental property received the rental income under s. 108(5)(a) as deemed trust income beneficiary