We have translated 6 more CRA interpretations

We have translated a further 6 CRA interpretations released in January of 2002 and December of 2001. Their descriptors and links appear below.

These are additions to our set of 2,831 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 22 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
2002-01-04 2 January 2002 External T.I. 2001-0094555 F - Subsidies and Assistance Payments Income Tax Act - Section 13 - Subsection 13(7.1) government assistance to subsidize the interest costs on a loan applied for expansion purposes did not reduce UCC under s. 13(7.1)
2001-12-21 3 January 2002 External T.I. 2001-0109425 F - REER TITE D'UNE SOCIETE EN FAILLITE Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(b) share of now-bankrupt corporation can continue to be held by RRSP
Income Tax Regulations - Regulation 4900 - Subsection 4900(14) Reg. 4900(12) share continues as qualified investment following bankruptcy
9 January 2002 External T.I. 2001-0075825 F - CII-LIQUIDATION Income Tax Act - Section 88 - Subsection 88(1) - Paragraph 88(1)(e.2) parent has an s. 12(1)(t) inclusion in its year beginning after the winding-up if the sub claimed winding-up year ITCs respecting depreciable property which it sold before wind-up
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(t) application of s. 12(1)(t) to parent in the year following the s. 88(1) wind-up of sub
8 January 2002 External T.I. 2001-0084115 F - SOMMES RECUES D'UN SYNDICAT Income Tax Act - Section 3 - Paragraph 3(a) amounts received from union by members for making a referral of a non-employee leading to certification application, are not from a source
7 January 2002 External T.I. 2001-0089585 F - AUTOMOBILE DETENUE EN COPROPRIETE Income Tax Act - Section 6 - Subsection 6(2) standby based on corporation’s cost where it purchases a co-ownership interest in the automobile
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(k) no s. 6(1)(k) benefit where timely expense reimbursement by employee
21 December 2001 External T.I. 2001-0091615 F - PART-SOCIETE DE PERSONNES AGRICOLE Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property - Paragraph (a) farm acquired by a family partnership from a farmer was not held by it for 24 months so that interests in the partnership did not qualify as qualified farm property