We have translated 6 more CRA interpretations

14 August 2023 - 11:42pm
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We have translated 6 translations of CRA interpretations released in March and February of 2003. Their descriptors and links appear below.

These are additions to our set of 2,552 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 20 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
2003-03-07 5 February 2003 External T.I. 2002-0178395 F - PARTIE 1.3 AIDE GOUVERNEMENTAL/SURPLUS Income Tax Act - Section 181.2 - Subsection 181.2(3) - Paragraph 181.2(3)(a) government assistance disclosed in the notes as being applied to reduce capital property cost, is not surplus
5 February 2003 External T.I. 2002-0178405 F - PARTIE 1.3 CHEQUE DEPOT EN CIRCULATION Income Tax Act - Section 181.2 - Subsection 181.2(3) - Paragraph 181.2(3)(c) bank overdrafts adjust increase the bank deposit balance or reduce the bank overdraft/ outstanding cheques, although not amounts paid, are reflected to the extent in balance sheet
5 February 2003 External T.I. 2002-0178415 F - PARTIE 1.3 AVANCES SUR CONTRAT Income Tax Act - Section 181.2 - Subsection 181.2(3) - Paragraph 181.2(3)(c) deferred revenue included in capital only to the extent of actual advances
5 February 2003 External T.I. 2003-0183055 F - PARTIE 1.3 ACTIF UTILISE Income Tax Act - Section 181.4 - Paragraph 181.4(a) future income tax asset is not an asset used or held by the corporation
5 February 2003 External T.I. 2003-0183065 F - FASB 143 ET PARTIE 1.3 Income Tax Act - Section 181.4 - Paragraph 181.4(a) US accounting standards can potentially be taken into account
2003-02-21 18 February 2003 External T.I. 2003-0182325 F - RAP LIEN PRINCIPAL DE RESIDENCE Income Tax Act - Section 146.01 - Subsection 146.01(2) - Paragraph 146.01(2)(a.1) individual co-owning a residence that was leased to her and spouse was disqualified if it was used as her principal place of residence, i.e., it had exclusive kitchen, bathroom and bedroom