We have translated 8 more CRA severed letters

We have published 2 translations of rulings released by CRA last week and a further 6 translations of CRA interpretations released in January of 2004. Their descriptors and links appear below.

These are additions to our set of 2,271 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 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
2022-11-02 2022 Ruling 2022-0925601R3 F - Post-mortem Pipeline Income Tax Act - Section 84 - Subsection 84(2) pipeline accomplished through the Newco purchaser issuing 8 instalment notes to the estate as a PUC reduction
2022-10-12 2021 Ruling 2021-0895071R3 F - Partnership Reorganization Income Tax Act - Section 98 - Subsection 98(3) conversion of a carry to a straight-up interest
Income Tax Act - Section 40 - Subsection 40(3.12) no s. 40(3.12) ruling given re loss on fund LP wind-up
Income Tax Act - Section 40 - Subsection 40(3.3) refusal to rule where shares received on LP s. 98(3) wind-up immediately sold to Carry LP owned by owners of former general partner
2004-01-30 19 January 2004 Internal T.I. 2003-0045911I7 F - Camionnette et définition de automobile Income Tax Act - Section 248 - Subsection 248(1) - Automobile application of s. 13(5) where extended-cab pick-up truck ceased to be an automobile
Income Tax Act - Section 13 - Subsection 13(7) - Paragraph 13(7)(g) s. 13(7)(g) limitation was preserved when pick-up truck transferred from Class 10.1 to 10
Income Tax Act - Section 13 - Subsection 13(5) - Paragraph 13(5)(a) when truck is transferred from Class 10.1 to 10, the capital cost as originally limited under s. 13(7)(g) is used for Class 10 purposes
22 January 2004 Internal T.I. 2003-0054781I7 F - Reçu de don pour une partie de la valeur Income Tax Act - Section 248 - Subsection 248(32) de minimis threshold policy inapplicable where meal was part of what the ticket to the event was paid for
2004-01-23 14 January 2004 External T.I. 2003-0026011E5 F - Contrat à terme sur indice boursier Income Tax Act - Section 54 - Adjusted Cost Base unrealized gains or losses on stock index futures contracts not included in the ACB of such property
Income Tax Act - Section 233.3 - Subsection 233.3(1) - Specified Foreign Property - Paragraph (a) foreign currency "variable margin" accounts held by registered plans with dealers are foreign property
14 January 2004 External T.I. 2003-0029571E5 F - Attribution - société de personnes Income Tax Act - 101-110 - Section 103 - Subsection 103(1.1) allocation of farming partnership income did not appear reasonable
Income Tax Act - Section 74.1 - Subsection 74.1(1) s. 74.1(1) would not apply where farming income is transferred to spouse where she subscribed a nominal amount for farm partnership interest
16 January 2004 External T.I. 2003-0046491E5 F - Allocation de retraite Income Tax Act - Section 60 - Paragraph 60(j.1) severance pay was not retiring allowance
14 January 2004 Internal T.I. 2003-0049531I7 F - Valeur de rachat - police d'assurance Income Tax Act - Section 181 - Subsection 181(1) - Long-Term Debt - Paragraph (b) insurance policy is not long-term debt of the insurer, although prepaid premium deposits might be