We have translated 9 more CRA interpretations

11 July 2022 - 11:16pm
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We have published a translation of a CRA interpretation released last week and a further 8 translations of CRA interpretations released in October and September of 2004. Their descriptors and links appear below.

These are additions to our set of 2,134 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 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
2022-07-06 25 February 2022 External T.I. 2020-0873761E5 F - Shareholder loan Income Tax Act - Section 15 - Subsection 15(2) s. 15(2) applies separately to accrued and unpaid interest on shareholder loan
Income Tax Act - Section 80.4 - Subsection 80.4(3) - Paragraph 80.4(3)(b) s. 80.4(2) does not apply to accrued and unpaid interest on a loan
Income Tax Act - Section 15 - Subsection 15(2.6) s. 15(2) applies separately to accrued and unpaid interest on a shareholder loan, but s. 80.4(2) does not apply to such interest
2004-10-15 24 September 2004 External T.I. 2004-0055421E5 F - Frais de déplacement Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) a hospital could be a place of work if a regular work schedule there, even if no dedicated office there
29 September 2004 Internal T.I. 2004-0067311I7 F - Bureau à domicile Income Tax Act - Section 18 - Subsection 18(12) s. 18(12) does not alter the result where common expenses are allocated pro rata to the business and personal space in a home
2004-10-01 13 August 2004 Internal T.I. 2004-0076861I7 F - Investissement à l'étranger Income Tax Act - 101-110 - Section 108 - Subsection 108(2) - Paragraph 108(2)(a) suspension of redemption right for more than one year would disqualify as s. 108(2)(a) trust
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) return payable on maturity that was not expressed as a percentage or fraction qualified as interest
Income Tax Act - Section 75 - Subsection 75(2) s. 75(2) would apply where loan proceeds would ultimately revert to the taxpayer
16 September 2004 Internal T.I. 2004-0083421I7 F - Clause de non-concurrence - employé Income Tax Act - Section 6 - Subsection 6(3) - Paragraph 6(3)(e) amount received by employee for agreeing to non-compete was included under s. 6(3)(e)
21 September 2004 External T.I. 2004-0067881E5 F - MCIA- lien de dépendance Income Tax Act - Section 14 - Subsection 14(5) - Cumulative Eligible Capital - Element A.1 transferor must not be dealing at arm's length with the taxpayer at the time the eligible capital property is acquired
15 September 2004 Internal T.I. 2004-0075001I7 F - Transfert de bien lors du décès d'un conjoint Income Tax Act - Section 70 - Subsection 70(6) - Paragraph 70(6)(d) application of s. 70(13) avoided recapture to deceased
2004-09-17 13 September 2004 Internal T.I. 2004-0080041I7 F - Compte de dividendes en capital Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (c.2) pro rata share of s. 14(1)(b) gain included in partner’s CDA
2004-09-03 27 July 2004 Internal T.I. 2004-0079111I7 F - Actions privilégiées à terme Income Tax Act - Section 248 - Subsection 248(1) - Term Preferred Share - Paragraph (b) contingent requirement for the majority shareholder’s shares to be redeemed on death represented a contingent control-acquisition right of the minority SFI under para. (b)