We have translated 9 more CRA severed letters

5 September 2022 - 11:58pm
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We have published a translation of a CRA ruling released last week and a further 8 translations of CRA interpretations released in May and April of 2004. Their descriptors and links appear below.

These are additions to our set of 2,200 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 ½ 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
2022-08-31 2021 Ruling 2021-0895631R3 - Post-mortem planning - Hybrid Pipeline Income Tax Act - Section 84 - Subsection 84(2) 2-year pipeline transactions
Income Tax Act - Section 40 - Subsection 40(3.61) no stop-loss for s. 164(6) loss realized by estate before pipeline transactions
2004-05-07 28 April 2004 External T.I. 2004-0066231E5 F - Connected Corporations Income Tax Act - Section 186 - Subsection 186(1) - Paragraph 186(1)(a) connected corporation exemption applied at the time of receipt rather than declaration of the dividend
21 April 2004 Internal T.I. 2004-0070901I7 F - 163(2) Penalty - Off-Calendar Fiscal Period Income Tax Act - Section 163 - Subsection 163(2.1) - Paragraph 163(2.1)(a) penalty for failure to bring reserves back into income reduced under s. 163.2(2.1)(a)(ii) for further deductible reserve amounts
27 April 2004 External T.I. 2003-0048351E5 F - Prestation de décès versée par la RRQ Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(a.1) amounts paid directly to heirs are not included in income
4 May 2004 Internal T.I. 2004-0060871I7 F - Frais de coaching Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) coaching expenses of self-employed person were personal
4 May 2004 Internal T.I. 2004-0062671I7 F - Associé qui se joint à une société de personnes Income Tax Act - Section 34.2 - Old 34.2 former s. 34.2(3) permitted the continuation of the former Dec. 31, 1995 professional income reserve on joining a similar partnership
Income Tax Act - Section 249.1 - Subsection 249.1(4) taxpayer bound by previous off-calendar year election of partnership which he joined
28 April 2004 External T.I. 2004-0066201E5 F - Associated Corporations - Control by same person Income Tax Act - Section 256 - Subsection 256(2) illustration of application of s. 256(2)
2004-04-30 27 April 2004 External T.I. 2004-0062091E5 F - 55(3)(a) Income Tax Act - Section 55 - Subsection 55(3.01) - Paragraph 55(3.01)(a) s. 55(3)(a) exception applicable where spin-off from one parent-controlled corporation to another, notwithstanding the children shareholders are unrelated under s. 55(5)(e)(i)
Income Tax Act - Section 55 - Subsection 55(4) s. 55(4) inapplicable where parent retains control for the protection of parent’s economic interests
28 April 2004 Internal T.I. 2004-0067561I7 F - Impôt de la partie I.3 Income Tax Act - Section 87 - Subsection 87(2) - Paragraph 87(2)(a) no IT-474, para. 10 relief for acceleration of Part I.3 tax