We have translated 7 more CRA interpretations

27 January 2025 - 11:30pm
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We have translated a CRA interpretation released last week and a further 6 CRA interpretations released in February of 2001. Their descriptors and links appear below.

These are additions to our set of 3,090 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
2025-01-22 7 January 2025 External T.I. 2022-0945291E5 F - Intérêts versés sur des obligations communautaires d’une coopérative Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) members providing legitimate debt financing of an NPO can be consistent with the s. 149(1)(l) conditions/ preferred shares that can bear “interest” cannot be issued
2001-02-16 1 February 2001 External T.I. 2000-0008675 F - Avantage-société devenue imposable Income Tax Act - Section 15 - Subsection 15(1) inevitable s. 15(1) benefit when not-for-profit with surplus is converted to a share corporation and the members subscribe for shares
1 February 2001 External T.I. 2000-0049655 F - Transfert entre conjoints de crédit d'impôt Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Cultural Gifts credits from gifts of cultural property can be reallocated between spouses, but s. 69 gains cannot be reallocated
6 February 2001 External T.I. 2000-0060435 F - Exclusion des frais d'exploration Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (k.1) ATV was excluded
29 January 2001 Internal T.I. 2000-0062827 F - Placement admissible - conjoint de fait Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Connected Shareholder RRSPs of two individuals prior to their marriage were not necessarily not dealing at arm’s length
2001-02-02 1 February 2001 External T.I. 2000-0041535 F - Actionnaire rattaché / droit de 1er refus Income Tax Regulations - Regulation 4901 - Subsection 4901(2.2) - Paragraph 4901(2.2)(b) comments in IT-419R, para. 13 re shotgun clauses etc. are applicable to Reg. 4901(2.2)(b)
31 January 2001 External T.I. 2000-0050465 F - TRANSFERT D'UN BIEN AGRICOLE Income Tax Act - Section 73 - Subsection 73(3) immediately “before the transfer” referenced a period of less than three years