We have translated 8 more CRA interpretations

22 August 2022 - 11:14pm
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We have published a further 8 translations of CRA interpretations released in June of 2004. Their descriptors and links appear below.

These are additions to our set of 2,183 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 18 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
2004-06-04 31 May 2004 External T.I. 2004-0055141E5 F - Vente de bien à un actionnaire Income Tax Act - Section 15 - Subsection 15(1) sale of newly constructed homes to shareholders at cost plus a gross margin did not avoid shareholder benefit issues
1 June 2004 External T.I. 2004-0073441E5 F - Transfert d'un REÉR au décès Income Tax Act - Section 146 - Subsection 146(8.1) whether s. 148(9.1) could be used to satisfy unpaid support of the deceased
Income Tax Act - Section 146 - Subsection 146(16) s. 146(16) cannot be utilized once one of the spouses has died
28 May 2004 Internal T.I. 2004-0064291I7 F - Paiement de dépenses Income Tax Act - Section 60.1 - Subsection 60.1(2) no need to expressly refer to ss. 56.1(2) and 60.1(2)
31 May 2004 External T.I. 2004-0074381E5 F - Créance: calcul des intérêts Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) discount is not interest where its rate is “similar” to yield on similar bonds
Income Tax Act - Section 20 - Subsection 20(21) overview of s. 20(21)
3 June 2004 External T.I. 2004-0068081E5 F - Allocation de retraite - Employeurs liés Income Tax Act - Section 60 - Paragraph 60(j.1) - Subparagraph 60(j.1)(v) predecessor employees were with whom service was recognized were related
31 May 2004 Internal T.I. 2004-0077341I7 F - Déduction de 110(1)d) de la Loi Income Tax Act - 101-110 - Section 110 - Subsection 110(1) - Paragraph 110(1)(d) - Subparagraph 110(1)(d)(ii) FMV may depart from the market price of shares
General Concepts - Fair Market Value - Shares market price is a prima facie indication of share FMV
27 May 2004 External T.I. 2003-0031231E5 F - Actions visées par règlement-gel successoral Income Tax Regulations - Regulation 6205 - Subsection 6205(2) - Paragraph 6205(2)(a) - Subparagraph 6205(2)(a)(i) test satisfied where the purpose was solely estate-freezing
Income Tax Regulations - Regulation 6205 - Subsection 6205(2) - Paragraph 6205(2)(a) - Subparagraph 6205(2)(a)(ii) - Clause 6205(2)(a)(ii)(A) - Subclause 6205(2)(a)(ii)(A)(II) trusts in which nieces and nephews were beneficiaries nonetheless were deemed NAL for purposes of satisfying Reg. 6205(2)(a)(ii)(A)(II)
31 May 2004 External T.I. 2003-0051971E5 F - Notion de capital aux fins de 20(1)c) de la Loi Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) stated capital inadequately measures capital for “filling the hole” purposes where PUC is ground under s. 85(2.1) or stated capital is increased to capitalize consolidated safe income