We have translated 8 more CRA interpretations

We have published 8 translations of CRA interpretations released in March of 2004. Their descriptors and links appear below.

These are additions to our set of 2,224 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
2004-03-12 4 March 2004 External T.I. 2003-0049831E5 F - Allocation pour l'achat d'ordinateur Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) reimbursement of internet and modem charges not taxable where internet access is essential to performing employment duties
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) monthly home computer allowance was taxable
5 March 2004 External T.I. 2004-0060831E5 F - Congé à traitement différé Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(i) no SDA impact if, after taking leave, an employee responds to early retirement incentives
2004-03-05 10 February 2004 Income Tax Severed Letter 2003-0052621A11 F - Régime de pension étranger Treaties - Income Tax Conventions - Article 18 French social security payments based on years of service in self-employment were not exempted a having been “paid in respect of past employment”
1 March 2004 External T.I. 2003-0017861E5 F - Bien agricole admissible Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property - Paragraph (a) - Subparagraph (a)(iii) farm satisfied the qualified farm property definition on the death of an individual who, with his father, had used it in farming
Income Tax Act - Section 159 - Subsection 159(5) general overview/ election unavailable where s. 70(9) applies
1 March 2004 External T.I. 2003-0060381E5 F - Police d'assurance exonérée Income Tax Act - Section 148 - Subsection 148(9) - Proceeds of the Disposition proceeds must be recognized on termination of policy irrespective of whether an exempt policy
2 March 2004 External T.I. 2003-0042631E5 F - Déductibilité de dépenses Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose life interest in condo to surviving spouse precluded deductibility of condo expenses
1 March 2004 External T.I. 2004-0059151E5 F - Déduction des intérêts Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) interest generally deductible on money borrowed to acquire preferred shares with a dividend entitlement
26 February 2004 External T.I. 2003-0045471E5 F - Prêt à un actionnaire Income Tax Act - Section 15 - Subsection 15(2.4) - Paragraph 15(2.4)(e) housing loan not excluded if comparable employees would not have received it
Income Tax Act - Section 15 - Subsection 15(1.21) inclusion of home-acquisition loan under s. 15(2) precluded a further inclusion under s. 15(1.21)
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense forgiven amount not deductible in computing income