We have translated 6 more CRA interpretations

14 January 2025 - 12:05am
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We have translated a further 6 CRA interpretations released in March of 2001. Their descriptors and links appear below.

These are additions to our set of 3,059 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 23 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
2001-03-16 28 February 2001 External T.I. 2000-0016765 F - All or substantially all Income Tax Act - Section 54.2 CRA is prepared to issue rulings on the application of the all or substantially all test in s. 54.2, which is not necessarily a 90% of FMV test
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(14) - Paragraph 110.6(14)(f) - Subparagraph 110.6(14)(f)(ii) - Clause 110.6(14)(f)(ii)(A) all or substantially all test in s. 110.6(14)(f)(ii)(A) is generally but not always a 90% of FMV test
5 March 2001 Internal T.I. 2000-0040357 F - Déductibilité - utilisation inadmissable Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) proration method applied to determine what portion of sold MFT units reduced the acquisition loan rather than equity
15 February 2001 External T.I. 1999-0008405 F - Lien de dépendance
confirmed in 2004-0092871E5 F

 Income Tax Act - Section 84.1 - Subsection 84.1(1) secured promissory note potentially could give rise to de facto control
Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c) holding of secured note for 80% of purchaser’s assets potentially could give rise to de facto control
2001-03-02 26 February 2001 External T.I. 2000-0017635 F - choix modifié et PBR rajusté Income Tax Act - Section 85 - Subsection 85(1) - Paragraph 85(1)(c.1) where expenses reducing ACB of transferred partnership interest were denied, automatic increase in agreed amount in statute-barred year of transfer under s. 85(1)(c.1)
22 February 2001 External T.I. 2000-0042795 F - Epargne indiciellle et JVM Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) no requirement to recognize interest on disposition of stock-index-linked term deposit
1 March 2001 External T.I. 2000-0050275 F - Remboursement de prime / enfant infirme Income Tax Act - Section 146 - Subsection 146(8.1) overview of rules for transfer of taxpayer’s RRSP on death to financially dependent child