Income Tax Severed Letters - 1994-03-25

Technical Interpretation - External

21 March 1994 External T.I. 9406455 - INTEREST DEDUCTIBILITY

Unedited CRA Tags
20(1)(c)

Principal Issues:

21 March 1994 External T.I. 9406985 - SPECIAL DEATH BENEFIT UNDER A GROUP INSURANCE POLICY

Unedited CRA Tags
148

Principal Issues:
Whether or not the payment of a special living death benefit to a particular individual covered under a group insurance policy would have consequences under the Income Tax Act to the other individuals also covered under this policy.

17 March 1994 External T.I. 9402205 - OVERSEAS EMPLOYMENT CREDIT-EMPLOYER/EMPLOYEE(7970-7)

Unedited CRA Tags
122.3

Principal Issues:

17 March 1994 External T.I. 9334025 - ATTRIBUTION OF INCOME

Unedited CRA Tags
73(1) 74.1 248(5)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

933402
XXXXXXXXXX D. Zion

Attention: XXXXXXXXXX

March 17, 1994

Dear Sirs:

Re: Attribution of Income

17 March 1994 External T.I. 9334425 - INVESTMENT TAX CREDIT

Unedited CRA Tags
127(9) REG 4600(1) REG 4600(2)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

XXXXXXXXXX				5-933442

Attention: XXXXXXXXXX

March 17, 1994

Dear Sirs:

Re: Investment Tax Credit - Qualified Small Business Property

17 March 1994 External T.I. 9402565 - PRINCIPAL RESIDENCE

Unedited CRA Tags
45(3) 45(4)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

	 					                         940256
XXXXXXXXXX				   	                      D. Zion

Attention: XXXXXXXXXX

March 17, 1994

Dear Sirs:

Re: Election Re Principal Residence

15 March 1994 External T.I. 9401835 F - LEGS TESTAMENTAIRE

Unedited CRA Tags
146 245

Position Adoptée:

15 March 1994 External T.I. 9402325 F - PROGRAMME D'AIDE AU TRAVAIL INDÉPENDANT

Unedited CRA Tags
9(1) 153

Principales Questions:

1.Quel est le traitement fiscal accordé aux diverses allocations reçues par un bénéficiaire de l'aide sociale en vertu du Programme d'aide au travail indépendant?

2.Doit-on effectuer des déductions à la source et émettre des feuillets de renseignements?

Position Adoptée:

14 March 1994 External T.I. 9332545 - QUALIFYING SMALL BUSINESS CORPORATION SHARE

Unedited CRA Tags
110.6(1)

Principal Issues:

11 March 1994 External T.I. 9330365 - QUALIFIED SMALL BUSINESS CORPORATION SHARE

Unedited CRA Tags
110.6 245(2)

Principal Issues:

11 March 1994 External T.I. 9405595 - FOREIGN CURRENCY IN RRSP

Unedited CRA Tags
204(e)(i)

Principal Issues:

11 March 1994 External T.I. 9405615 - RRSP DEDUCTION LIMIT AND DEFINITION OF EARNED INCOME

Unedited CRA Tags
146(5) 146(5.1) 146(1)(c)

Principal Issues:

10 March 1994 External T.I. 9402545 - RRIF - MINIMUM AMOUNT

Unedited CRA Tags
146.3(1)(b.1) REG 7308

Principal Issues:

9 March 1994 External T.I. 9405275 F - CONGE TRAITEMENT DIFFERE

Unedited CRA Tags
REG 6801a)(i) REG 6801a)(iii)

Principales Questions:

Si régime de congé à traitement différé rencontre les dispositions de l'article 6801 du Règlement.

Position Adoptée:

8 March 1994 External T.I. 9404855 - HAA 7255-1 rrsp benefits

Unedited CRA Tags
146(2)(c.4)

Principal Issues:

8 March 1994 External T.I. 9337035 - FARM SUPPORT PAYMENTS

Unedited CRA Tags
REG 234

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		933703
XXXXXXXXXX	A.M. Brake

Attention: XXXXXXXXXX

March 8, 1994

Dear Sirs:

Re: AGR-1 Slips

8 March 1994 External T.I. 9400935 - TREATMENT OF GAINS FROM STOCK OPTION TRADING

Unedited CRA Tags
9(1)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		940093
XXXXXXXXXX	J.A. Szeszycki

March 8, 1994

Dear XXXXXXXXXX:

Re: Gains/Losses from the Trading of U.S. Stock Options

8 March 1994 External T.I. 9404205 - HAA 7680-4-2 DSLP

Unedited CRA Tags
REG 6801

Principal Issues: Does plan meet Regulation 6801

8 March 1994 External T.I. 9334005 - GAINS AND LOSSES ON STOCK INDEX FUTURES

Unedited CRA Tags
9 39
Summary Under
Tax Topics - Income Tax Act - Section 9 - Capital Gain vs. Profit - Options
eligibility of naked option or stock index futures trading for capital account treatment does not extend to an entity (e.g., mutual fund} whose prime activity is securities trading

Principal Issues:

7 March 1994 External T.I. 9326225 - GAINS AND LOSSES ON STOCK INDEX FUTURES

Unedited CRA Tags
9 39

Principal Issues:

7 March 1994 External T.I. 9404685 - RETIREMENT COMPENSATION ARRANGEMENT

Unedited CRA Tags
207.5 207.6

Principal Issues:

4 March 1994 External T.I. 9405175 - LIFE INSURANCE RCA

Unedited CRA Tags
207.6(2)

Principal Issues:

3 March 1994 External T.I. 9402895 - INTEREST DEDUCTIBILITY

Unedited CRA Tags
20(1)(c)

Principal Issues:

3 March 1994 External T.I. 9404165 - XXXXXXXXXX DSLP

Unedited CRA Tags
REG 6801(a)

Principal Issues:

3 March 1994 External T.I. 9403145 F - DÉDUCTIBILITÉ DES INTÉRÊTS ET FRAIS D'EMPRUNT

Unedited CRA Tags
20(3) 20(1)c)

Principales Questions:

Un premier emprunt est remboursé, et plus tard, une somme équivalente est de nouveau empruntée. Le nouvel emprunt est-il réputé être utilisé aux mêmes fins que le premier emprunt?

Position Adoptée:

2 March 1994 External T.I. 9403115 F - PLAC ADM FERR

Unedited CRA Tags
146.3(1)d) 204e) REG 4900

Principales Questions:

Une rente certaine qualifie-t-elle comme placement admissible pour un FERR?

Position Adoptée:

1 March 1994 External T.I. 9404195 - HAA7234-1 INCOME POOLED FUND TRUST

Unedited CRA Tags
REG 5000(7) 104(19) 104(6)

Principal Issues:

1 March 1994 External T.I. 9403745 - INFORMATION CONCERNING RRIF'S AND RESP'S

Unedited CRA Tags
146.3 146.1 122.6

Principal Issues:

28 February 1994 External T.I. 9403735 - DEDUCTION AFTER AGE 71 FOR CONTRIBUTION TO RRSP

Unedited CRA Tags
146(5)

Principal Issues:

24 February 1994 External T.I. 9403885 - OVER-CONTRIBUTIONS TO RRSP

Unedited CRA Tags
204.1(1) 204.1(2.1) 146(8)

Principal Issues:

24 February 1994 External T.I. 9403535 - TAX-FREE TRANSFER OF LIF PAYMENTS TO SPOUSE'S RRSP

Unedited CRA Tags
254(a) 60(j.2)

Principal Issues:

23 February 1994 External T.I. 9404225 - HAA7209-1

Unedited CRA Tags
147(2)(k)(vi) 60(a) 56(1)(d)

Principal Issues:

22 February 1994 External T.I. 9403055 - HAA7217-1 COST AMOUNT RRSP PROPERTY

Unedited CRA Tags
206 248(1)

Principal Issues:

21 February 1994 External T.I. 9400895 - FARM SUPPORT PAYMENTS

Unedited CRA Tags
REG 234

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		940089
XXXXXXXXXX	A.M. Brake

Attention: XXXXXXXXXX

February 21, 1994

Dear Sirs:

Re: Tax Information Slips

16 February 1994 External T.I. 9403595 - ACB OF MUTUAL FUND TRUST AND DEDUCTIBLE EXPENSES

Unedited CRA Tags
53(1)(d.1) 47 20(1)(bb) 9

Principal Issues:

15 February 1994 External T.I. 9400805 F - TRANSFERT ALL DE RET A RPA

Unedited CRA Tags
60j.1) 248(1) 146(16)

Principales Questions:

1.Peut-on transférer une allocation de retraite à un RPA pour le rachat de services passés concernant les années d'emploi où le particulier ne cotisait pas au RPA.

2.Peut-on transférer des fonds d'un REER à un RPA.

Position Adoptée:

10 February 1994 External T.I. 9402055 - PARTIAL PAYMENT ON LOAN

Unedited CRA Tags
248(1)

Principal Issues:

10 February 1994 External T.I. 9402485 F - CONJOINT POUR REER

Unedited CRA Tags
252(4) 146(8.1)

Principales Questions:

Un rentier décédé peut-il avoir 2 conjoints pour les fins de 146(8.1).

Position Adoptée:

10 February 1994 External T.I. 9400275 F - REPUDIATION

Unedited CRA Tags
248(9) 248(8)b)

Principales Questions:

Est-ce qu'une personne peut renoncer à une succession.

Position Adoptée:

Conference

17 February 1994 CTF Roundtable Q. 9, 9402746 - INVESTMENT TAX CREDIT - GENERAL

Unedited CRA Tags
37(1) 127(9) 12(1)(x)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

Technical Interpretation - Internal

17 March 1994 Internal T.I. 9405687 - COMMON-LAW RELATIONSHIP - MARITAL STATUS

Unedited CRA Tags
252(4)

Principal Issues:

4 March 1994 Internal T.I. 9334726 - EARLY RETIREMENT ELIGIBLE SERVICE

Unedited CRA Tags
REG 8503(3)(c)(iii) REG 8503(3)(a)

Principal Issues:

3 March 1994 Internal T.I. 9405347 - DEFINITION OF SPOUSE - COMMON-LAW RELATIONSHIP

Unedited CRA Tags
252(4)

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		March 3, 1994
	Edmonton District Office	Head Office
	Client Assistance Division	Rulings Directorate
	Linda Seidler	J.A. Szeszycki
		957-8953
		940534

Common-law Relationships and the Equivalent-to-Spouse Credit

2 March 1994 Internal T.I. 9404637 - ROLL OF TOTAL RRIF TO RRSP

Unedited CRA Tags
60(l)(v)(D) 146.3(1)(b.1)

Principal Issues:

17 February 1994 Internal T.I. 9402496 - HAA7217-6 PAST SERVICE RPP CONTRIBUTION, DEATH

Unedited CRA Tags
147.2(4) 60(j)

Principal Issues:

17 February 1994 Internal T.I. 9403107 - CONTRIBUTIONS TO U.S. 401(K) PLAN

Unedited CRA Tags
248(1) 207.6(5) 6(1)(g)(ii) 60(t)

Principal Issues:

10 February 1994 Internal T.I. 9403296 - RPP ARREARS OF PERIODIC PAYMENTS TRANSFER TO RRIF

Unedited CRA Tags
147.3

Principal Issues: