We have translated 6 more CRA interpretations

2 January 2024 - 11:48pm
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We have translated 6 further CRA interpretations released during June of 2002. Their descriptors and links appear below.

These are additions to our set of 2,682 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 21 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
2002-06-21 21 June 2002 External T.I. 2001-0107705 F - Partie XIII et logiciels d'ordinateurs Income Tax Act - Section 212 - Subsection 212(1) - Paragraph 212(1)(d) exemption for shrink-wrapped software not applicable where it is downloaded
Income Tax Act - Section 125 - Subsection 125(7) - Specified Investment Business question of fact whether software developer generating royalties has a specified investment business
4 June 2002 External T.I. 2002-0127515 F - Règles de réalisation de 21 ans Income Tax Act - 101-110 - Section 104 - Subsection 104(4) - Paragraph 104(4)(b) - Subparagraph 104(4)(b)(ii) reduction in number of trustees in a purported new trust did not necessarily create a new trust
Income Tax Act - 101-110 - Section 104 - Subsection 104(5.8) potential application of GAAR where transfer to a new trust before the effective date of s. 104(5.8)
25 June 2002 Internal T.I. 2002-0130177 F - DEBENTURE CONVERTIBLE
see also 2002-0118827 F

 Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(f) amount paid by corporation on conversion of convertible debentures was the stated capital of the issued shares, being the debentures’ face amount, so that no s. 20(1)(f) deduction
General Concepts - Payment & Receipt Teleglobe applied to find that amount paid by corporation on conversion of convertible debentures was the shares’ stated capital
Income Tax Act - Section 143.3 - Subsection 143.3(3) - Paragraph 143.3(3)(a) Teleglobe applied to pre-s. 143.3(3)(a)(ii) transaction
25 June 2002 External T.I. 2002-0145055 F - ACCORD DE SEPARATION TRANSFERT D'UN REER Income Tax Act - Section 146 - Subsection 146(16) - Paragraph 146(16)(b) obligation to transfer to separated spouse’s RRSP can arise only after amendment of separation agreement
2002-06-07 20 June 2002 External T.I. 2002-0145075 F - REER PLACEMENT ADMISSIBLE Income Tax Act - Section 262 addition of TSX Venture Exchange
25 June 2002 External T.I. 2002-0143675 F - CONGE A TRAITEMENT DIFFERE ET RETRAITE Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(1)(a)(v) cannot use sick leave and vacation leave credits