We have translated 7 more CRA severed letters

We have a translated an interpretation released by CRA last week and a further 6 translations of CRA interpretations released in May of 2003. Their descriptors and links appear below.

These are additions to our set of 2,471 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 19 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
2023-05-17 15 February 2023 External T.I. 2022-0953991E5 F - Paragraph 84.1(2)(e) and amalgamation Income Tax Act - Section 84.1 - Subsection 84.1(2) - Paragraph 84.1(2)(e) loss of s. 84.1(2)(e) safe harbour on an amalgamation of the purchaser and subject corporation
2003-05-30 5 May 2003 External T.I. 2002-0140805 F - Arrangements funéraire - Provision de 20(1)m)
Also released under document number 2002-01408050.

Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(m) non-refundable prepaid funeral amounts not held in trust were not eligible for the reserve
23 April 2003 External T.I. 2002-0155125 F - Rétribution Questionnaires - Actionnaires
Also released under document number 2002-01551250.

Income Tax Act - Section 67 scenario including non-resident corporation did not comply with ITTN No. 22
23 May 2003 External T.I. 2002-0172205 F - FIDUCIE DE BIEN-RE&S
Also released under document number 2002-01722050.

Income Tax Act - Section 18 - Subsection 18(9) - Paragraph 18(9)(a) - Subparagraph 18(9)(a)(iii) s. 18(9)(a)(iii) likely applies where employer makes a payment to a trust which uses insurance to fund employee health services
26 May 2003 External T.I. 2002-0180455 F - MODIFICATION D'UNE POLICE EXONEREE
Also released under document number 2002-01804550.

Income Tax Regulations - Regulation 306 - Subsection 306(1) question of fact for insurer whether splitting a policy terminates its exempt status
26 May 2003 Internal T.I. 2003-0002297 F - Fonds commun de placement-Dépenses gén.
Also released under document number 2003-00022970.

Income Tax Act - 101-110 - Section 104 - Subsection 104(6) allocation of expenses permitted to maximize dividend tax credits of MFT beneficiaries
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(bb) s. 20(1)(bb) deductibility does not turn on the evaluated security being acquired
15 April 2003 External T.I. 2002-0139305 F - Immigration
Also released under document number 2002-01393050.

Income Tax Act - Section 128.1 - Subsection 128.1(1) - Paragraph 128.1(1)(c) ss. 128.1(1)(b) and (c), unlike former s. 48(3), apply also for CCA/recapture purposes
Income Tax Act - Section 126 - Subsection 126(1) FTC can be generated where recapture of depreciation, and denied capital loss, are realized on a US rental building
Income Tax Act - Section 53 - Subsection 53(1) - Paragraph 53(1)(e) - Subparagraph 53(1)(e)(i) step-up of partnership interest on immigration to Canada neutralized the capital gain on partnership property when partnership wound up