2004-03-26 |
28 January 2004 External T.I. 2003-0028891E5 F - Perte sur change relative à des contrats de change |
Income Tax Act - Section 9 - Capital Gain vs. Profit - Foreign Exchange |
CGE established that accrued loss on FX forward contract is not a contingent liability |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(e) |
CRA position regarding recognition of accrued income account losses is subject to any application of ss. 18(1)(a) and (e) |
15 March 2004 Internal T.I. 2004-0058591I7 F - Projet agricole au sens de 122.3(1)b)(i)(B) |
Income Tax Act - Section 248 - Subsection 248(1) - Farming |
foreign woodlot operation was farming |
2004-03-19 |
16 March 2004 External T.I. 2003-0050041E5 F - Fin de société de personnes et 98(5) |
Income Tax Act - Section 98 - Subsection 98(5) |
s. 98(5) can apply if all the partners transfer their interests to a corporation at daily, or perhaps, split-second, intervals |
2 March 2004 Internal T.I. 2004-0061041I7 F - Safe Income |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
Kruco decision followed |
2004-03-12 |
8 March 2004 External T.I. 2004-0063841E5 F - placement admissible au titre des REER |
Income Tax Act - Section 262 |
OTC Bulletin Board stocks not qualified investments (if not of Canadian public corporations) |
10 March 2004 External T.I. 2002-0160751E5 F - REÉR au décès: rente pour un bénéficiaire mineur |
Income Tax Act - Section 60 - Paragraph 60(l) - Subparagraph 60(l)(ii) - Clause 60(l)(ii)(B) |
s. 60(l)(ii)(B) can apply where the minor child is the sole living testamentary beneficiary but, on the child's death, the residue passes to other beneficiaries2002-0164661E5 F is comparable |
10 March 2004 External T.I. 2002-0164661E5 F - REÉR au décès: rente pour un bénéficiaire mineur |
Income Tax Act - Section 60 - Paragraph 60(l) - Subparagraph 60(l)(ii) - Clause 60(l)(ii)(B) |
child is the only one, prior to the child’s death, to have a beneficial interest in the amounts payable under the annuity2002-0160751E5 F is comparable |
Income Tax Act - Section 146 - Subsection 146(8.1) |
election can be executed by executor qua executor and qua legal representative of the minor beneficiary, if so authorized2002-0160751E5 F is comparable |
9 March 2004 External T.I. 2003-0046961E5 F - Frais payés à une famille d'accueil |
Income Tax Act - Section 63 - Subsection 63(3) - Child Care Expense - Paragraph (a) |
occasional short stays with the parents do not qualify as residing with them |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(b.1) |
fee paid for care by foster family for disabled child could qualify under s.118.2(2)(b.1 |
Income Tax Act - Section 68 |
break-out of care component in the invoice for the attendant’s fee would permit CRA to recognize that component |