We have translated 8 more CRA interpretations

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

These are additions to our set of 2,022 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 17 1/3 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
2005-01-28 5 January 2005 External T.I. 2004-0085571E5 F - Art. XXIV de la Convention Canada-France Treaties - Income Tax Conventions - Article 25 Art. 24(1) of Canada-France Convention would provide the principal residence exemption to a Canadian citizen if France accorded the exemption to a French national residing in Canada
6 January 2005 External T.I. 2004-0088791E5 F - Paragraphe 4803(2) du Règlement Income Tax Regulations - Regulation 4803 - Subsection 4803(2) Reg. 4803(2) satisfied if any of its paragraphs is satisfied
2005-01-21 19 January 2005 External T.I. 2004-0091601E5 F - Incitatif versé - taux d'intérêt réduit Income Tax Act - Section 53 - Subsection 53(2.1) ss. 13(7.4) and 53(2.1) elections unavailable re acquired rental property for cashback received from mortgage lender to offset high interest rate
Income Tax Act - Section 12 - Subsection 12(2.2) s. 12(2.2) election available to reduce mortgage interest, re cashback received from mortgage lender, to reduce extra interest incurred in two initial years
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(x) - Subparagraph 12(1)(x)(v) s. 12(1)(x) applies (subject to s. 12(2.2) election) to lump-sum mortgage interest rebate except to the extent the amount was reported as s. 9 income
11 January 2005 External T.I. 2004-0091981E5 F - Revenu de placements:Indiens inscrits Other Legislation/Constitution - Federal - Indian Act - Section 87 interest income of status Indians on loans to on-reserve businesses carrying on their business activities off-reserve were not exempted
10 January 2005 Internal T.I. 2004-0091251I7 F - Définition d'automobile Income Tax Act - Section 248 - Subsection 248(1) - Automobile - Paragraph (e) - Subparagraph (e)(iii) exclusion applies even where the occupant is self-employed rather than an employee of the business that owns (or leases) the truck
2005-01-14 13 January 2005 External T.I. 2004-0097911E5 F - Crédit d'impôt pour études Income Tax Act - Section 118.6 - Subsection 118.6(1) - Qualifying Educational Program education credit unavailable where the course consisted of discrete 4-day sessions separated by a month or more – but tuition credit may be available
13 January 2005 External T.I. 2004-0101701E5 F - Bien substitué Income Tax Act - Section 248 - Subsection 248(5) - Paragraph 248(5)(b) substituted property definition in s. 248(5)(b) does not apply for the purposes of s. 7(1.1)
Statutory Interpretation - Interpretation/Definition Provisions deeming provision only engaged when the referenced term is used
Income Tax Act - Section 7 - Subsection 7(1.1) s. 248(5)(b) inapplicable to s. 7(1.1)
13 January 2005 External T.I. 2004-0103281E5 F - dons et avantages Income Tax Act - Section 248 - Subsection 248(32) value of advantage should be based on FMV and ignore sales tax and tips