We have translated 6 more CRA interpretations

We have translated 6 further CRA interpretations released during May of 2002. Their descriptors and links appear below.

These are additions to our set of 2700 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 3/4 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
2002-05-10 24 May 2002 External T.I. 2002-0123225 F - REER DONNE EN GARANTIE Income Tax Act - Section 146 - Subsection 146(8) generally no double taxation under s. 146(8) on payout on guarantee if property’s value previously included under s. 146(10)/ gross-up for source deduction purposes
Income Tax Act - Section 146 - Subsection 146(10) inclusion under s. 146(10) for secured guarantee not limited to loan value, and ousts application of s. 146(8) if payment made by RRSP pursuant to guarantee
Income Tax Act - Section 248 - Subsection 248(28) s. 248(28) prevents double inclusion under s. 146(10) when secured guarantee given and under s. 146(8) when guarantee called
24 May 2002 Internal T.I. 2001-0113597 F - ASSURANCE CONTRE LES MALADIES GRAVES Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) - Subparagraph 6(1)(a)(i) if a clause providing for the return of premiums on death was ancillary, the policy could still qualify as a group sickness or accident insurance plan
20 May 2002 External T.I. 2002-0117885 F - Lien de dépendance et application de 120.4 Income Tax Act - Section 251 - Subsection 251(2) - Paragraph 251(2)(a) trustee is related to individual if its trustee is so related
Income Tax Act - Section 120.4 - Subsection 120.4(1) - Split Income - Paragraph (c) split income definition applied on the basis that the business of a partnership is carried on by its partners and that a trust if related based on the relatedness of its trustee
Income Tax Act - 101-110 - Section 104 - Subsection 104(1) s. 104(1) indicates that related party status of trust is tested through its trustee
2 May 2002 External T.I. 2002-0134335 F - Sous-aliéna 104(4)a)(i) et 110.6(15)a)(i) Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(15) - Paragraph 110.6(15)(a) - Subparagraph 110.6(15)(a)(i) s. 110.6(15)(a)(i) deeming rule does not apply for s. 104(4)(a)(i) purposes
15 May 2002 External T.I. 2001-0103605 F - Prêt par un Associé à une Société Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) interest on loan by partner to partnership is treated as interest rather than income allocation if there is a loan rather than partnership contribution under provincial law
Income Tax Act - Section 96 - Subsection 96(1) - Paragraph 96(1)(g) if a loan made by a partner is at law a loan rather than a partnership contribution, the interest thereon will be treated as interest rather than profit allocation
31 May 2002 External T.I. 2001-0110095 F - ALLOCATIONS NON IMPOSABLES Income Tax Act - Section 6 - Subsection 6(16) - Paragraph 6(16)(a) mobility impairment means significant difficulty moving around that lasts 12 months