Income Tax Severed Letters - 1995-10-06

Miscellaneous

5 July 1995 - BULLETIN BOARD

Principal Issues:

Ruling

11 September 1995 Ruling 9521423 - TAXATION OF PRE-DECEMBER 2, 1982 INSURANCE POLICIES

Unedited CRA Tags
148(1) 148(9)

Principal Issues:

Technical Interpretation - External

29 September 1995 External T.I. 9515015 - SUBSECTION 110.6(19) AND PREFERRED BENEFICIARY ELECTION

Unedited CRA Tags
110.6(19) 104(15)c) REG 2800(3)(f)

Principal Issues:

28 September 1995 External T.I. 9515395 - LIMITED RECOURSE FINANCING

Unedited CRA Tags
143.2(7)

Principal Issues:

27 September 1995 External T.I. 9513785 - COMPUTATION OF ADJUSTED COST BASE

Unedited CRA Tags
53(2)(h)(i.1) 212(1)(c) 104(6)(b) 115 Part XII.2

Principal Issues:

26 September 1995 External T.I. 9522895 - SHARES OF DELISTED PUB CO REMAIN ELIGIBLE

Unedited CRA Tags
146(1)

Principal Issues:

26 September 1995 External T.I. 9515725 - IT-418 - PARTIAL DISPOSITIONS OF DEPRECIABLE PROPERTY

Unedited CRA Tags
13(21) 13(1) 20(16) 39(1)(a)

Principal Issues:

25 September 1995 External T.I. 9524685 - NEW RULES ON CHANGE IN FISCAL PERIOD

Unedited CRA Tags
33 248(1) 249.1

Principal Issues:

22 September 1995 External T.I. 9523515 - RETIRING ALLOWANCE PAID IN ERROR

Unedited CRA Tags
60(j.1)

Principal Issues:
Was amount paid a retiring allowance?

22 September 1995 External T.I. 9524955 F - INTERETS IT-315

Unedited CRA Tags
20(1)(c)

Principales Questions:

Position du IT-315

Position Adoptée:

22 September 1995 External T.I. 9521345 - GIFT OF DETACHED COUPONS

Unedited CRA Tags
110.1(1)(a) 69(1)(b)(ii)

Principal Issues:

22 September 1995 External T.I. 9523145 - ONE TIME TEST UNDER REGULATION

Unedited CRA Tags
REG 4900(12)

Principal Issues:

21 September 1995 External T.I. 9522805 - COST BASE REDUCTIONS

Unedited CRA Tags
13(7.4)

Principal Issues:

20 September 1995 External T.I. 9518905 - TRANSFER FROM FOREIGN PENSION PLAN TO RPP

Unedited CRA Tags
REG 8502(b)(v) 56(1)(a) 60(j)

Principal Issues:

20 September 1995 External T.I. 9503255 - TAXABLE BENEFITS FROM A TRUST

Unedited CRA Tags
105(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.

		                           950325
XXXXXXXXXX                           C.R. Bowen

Attention: XXXXXXXXXX

September 20, 1995

Dear Sirs:

20 September 1995 External T.I. 9517505 - SMALL BUSINESS SHARES IN RRSP

Unedited CRA Tags
REG 4900(12)

Principal Issues:

20 September 1995 External T.I. 9517525 - LITIGATION EXPENSES OF RRSP

Unedited CRA Tags
146(4)

Principal Issues:

20 September 1995 External T.I. 9521325 - DIVISION OF PROPERTY ON MARRIAGE BREAKDOWN

Unedited CRA Tags
147.3(5) 147.3(9)

Principal Issues:

20 September 1995 External T.I. 9518235 - DSLP

Unedited CRA Tags
REG 6801(a)

Principal Issues:

20 September 1995 External T.I. 9515635 - SCIENTIFIC RESEARCH & EXPERIMENTAL DEVEL. - 256(1.4)

Unedited CRA Tags
256(1.4) 37

Principal Issues:

20 September 1995 External T.I. 9518815 - VALUE OF RRSP PROPERTY ON TRANSFER

Unedited CRA Tags
146(16) 206(2)

Principal Issues:

18 September 1995 External T.I. 9507235 - LOAN OF MONEY-17(1) & GUARANTEE V. INDEMNITY-40(2)(G)

Unedited CRA Tags
17(1) 40(2)(g)(ii)

Principal Issues:

18 September 1995 External T.I. 9523035 - DEFINITION OF PASSENGER VEHICLE

Unedited CRA Tags
67.3

Principal Issues:

18 September 1995 External T.I. 9511445 - PARAGRAPH 40(1)(A) OF THE ACT

Unedited CRA Tags
40(1)(a) 40(2) 85(1) 97(2) 45(1)(a)

Principal Issues:

15 September 1995 External T.I. 9428735 - SECTION 77

Unedited CRA Tags
77

Principal Issues:

14 September 1995 External T.I. 9515775 - FAMILY MORTGAGE PLAN ARRANGEMENT - 56(2) & 56(4)

Unedited CRA Tags
56(2) 56(4)

Principal Issues:

14 September 1995 External T.I. 9513835 - RESIDENCY - LEAVE OF ABSENCE

Unedited CRA Tags
250(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.

		951383
XXXXXXXXXX	David R. Senécal

Attention: XXXXXXXXXX

September 13, 1995

Dear Sirs:

Re: Subparagraph 250(1)(c)(i) of the Income Tax Act (the "Act")

14 September 1995 External T.I. 9519595 F - REMBOURSEMENT DE PRIMES

Unedited CRA Tags
146(1) 118(1)c)

Principales Questions:

Si la somme provenant du REER du rentier, après son décès, payable à son fils, se qualifie à titre de remboursement de primes en vertu de 146(1).

Position Adoptée:

14 September 1995 External T.I. 9521515 - FISCAL YEAR-END TO CALANDER YEAR-END

Unedited CRA Tags
33(4)

Principal Issues:

13 September 1995 External T.I. 9518185 F - AVANCE SUR POLICE D'ASSURANCE-VIE

Unedited CRA Tags
60(s)

Principales Questions:

60s) est-il applicable lorsqu'une avance sur police d'assurance-vie est remboursée avec la prestation de décès?

Position Adoptée:

13 September 1995 External T.I. 9509765 - CAPITAL GAIN CANADA-JAPAN TREATY

Unedited CRA Tags
Art 13

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.

		950976
XXXXXXXXXX	David R. Senécal

September 13, 1995

Dear Sirs:

12 September 1995 External T.I. 9522685 - RA PAID AFTER 1995, NEW LIMIT

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

Principal Issues:

12 September 1995 External T.I. 9520365 - EMPLOYEE BENEFIT FROM FREE BANKING SERVICES

Unedited CRA Tags
6(1)(a)

Principal Issues:

12 September 1995 External T.I. 9519995 F - IMPOT DE LA PARTIE I.3

Unedited CRA Tags
181.3(1)a)

Principales Questions:

Montant de l'investissement net dans contrat de location-financement à être inclus selon 181.3(1)a)

Position Adoptée:

12 September 1995 External T.I. 9523135 - ATR69

Unedited CRA Tags
212(1)(b)(vii)

Principal Issues:

11 September 1995 External T.I. 9522615 - PROFIT SHARING PLAN, SDA, EPSP

Unedited CRA Tags
144(1)

Principal Issues:

8 September 1995 External T.I. 9520805 - LEGAL FEES RELATING TO SPOUSAL SUPPORT ORDERS

Unedited CRA Tags
18(1)(a) 18(1)(b) 18(1)(c)

Principal Issues:

8 September 1995 External T.I. 9515045 - RCA, SURPLUS, CONTRIBUTION, PA

Unedited CRA Tags
6804(4) 207.6(5)

Principal Issues:

8 September 1995 External T.I. 9517705 - DEEMED RESIDENT WORKING IN THE U.S. (7586-1)

Unedited CRA Tags
250(1)(e) Art 4 Art 15 126

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.

		951770
XXXXXXXXXX		G. Middleton
(613) 957-2122
September 8, 1995

Dear XXXXXXXXXX:

7 September 1995 External T.I. 9523725 - OPTIONS, FOREIGN PROPERTY

Unedited CRA Tags
206(1)

Principal Issues:

5 September 1995 External T.I. 9519805 F - DEDUCTIBILITE DES INTERETS

Unedited CRA Tags
20(1)c)

Principales Questions:

Déductibilité des intérêts sur argent emprunté par corporation canadienne pour effectuer contribution au capital de sa filiale américaine dont elle possède la totalité des actions.

Position Adoptée:

1 September 1995 External T.I. 9503925 - C.C.P.C.

Unedited CRA Tags
125(7)
Summary Under
Tax Topics - Income Tax Act - Section 256 - Subsection 256(5.1)

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.

5-950392
XXXXXXXXXX J. Teixeira
(613) 957-8953

Attention: XXXXXXXXXX

September 1, 1995

Dear Sirs:

Re: Canadian-controlled Private Corporation

30 August 1995 External T.I. 9427015 - S CORP TRUST - protocol

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.

		942701
XXXXXXXXXX	David R. Senécal

Attention: XXXXXXXXXX

August 30, 1995

Dear Sirs:

Re: Proposed Protocol to Canada-U.S. Income Tax Convention

24 August 1995 External T.I. 9515755 F - bien agricole admissible - usufruit cree avant 1990 - fiducie

Unedited CRA Tags
104(21.2)b) 110.6(1) 107(2) 107(4)

Principales Questions:

Définition de bien agricole admissible pour les fins de la déduction pour gains en capital de 500 000 $ lorsque les biens visés ont été acquis par suite d'un décès survenu en 1966.

Position Adoptée:

18 August 1995 External T.I. 9515565 F - CRÉDIT D'IMPOT A L'INVESTISSEMENT

Unedited CRA Tags
127(5) 127(9) 127(11.2)

Principales Questions:

L'expert comptable veut avoir des renseignements sur le CII relié à des biens achetés/bâtis dans la région de XXXXXXXXXX (environ 50km) et elle veut savoir si l'agriculture comprend aussi l'aquiculture.

Position Adoptée:

31 July 1995 External T.I. 9507985 - GAIN ON SETTLEMENT OF DEBT

Unedited CRA Tags
79 80

Principal Issues:

11 May 1995 External T.I. 950805A F - CHOIX DE BENEFICIAIRE PRIVILEGIE

Unedited CRA Tags
104(14) 104(21) 70(6)b)

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.

5-950805
XXXXXXXXXX Michel Lambert
(613) 957-8953

A l'attention de XXXXXXXXXX

Le 11 mai 1995

Mesdames, Messieurs,

Objet: Choix de Bénéficiaire privilégié relatif à une fiducie exclusive en faveur de conjoint

Technical Interpretation - Internal

20 September 1995 Internal T.I. 9522086 - PERIODIC PMTS AND PENSION, TREATY

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

Principal Issues:

14 September 1995 Internal T.I. 9523056 - HOME RELOCATION LOAN

Unedited CRA Tags
80.4(3)

Principal Issues:

7 September 1995 Internal T.I. 9521007 - RRSP BENEFIT ADVANTAGE LOW INTEREST LOAN

Unedited CRA Tags
146(2)(c.4) 146(8)

Principal Issues:

1 September 1995 Internal T.I. 9417496 - PRINCIPAL RESIDENCE PROVISIONS

Unedited CRA Tags
70(6) 73(1) 40(4) 40(2) 54

Principal Issues:

31 August 1995 Internal T.I. 9518367 - MIN TAX & LABOUR SPONSORED FUND TAX CREDIT

Unedited CRA Tags
127.531 127.4

Principal Issues:

30 August 1995 Internal T.I. 9514327 - CLERGYMAN'S RESIDENCE DEDUCTION

Unedited CRA Tags
8(1)(c)

Principal Issues:

30 August 1995 Internal T.I. 9517386 - CLASS 24

Unedited CRA Tags
96

Principal Issues:

30 August 1995 Internal T.I. 9518227 - CONSEQUENTIAL REASSESSMENT

Unedited CRA Tags
152(4.3)

Principal Issues:

30 August 1995 Internal T.I. 9520317 F - INTERETS COURUS SUR CONGES DE MALADIE ACCUMULES

Unedited CRA Tags
12(1)c)

Principales Questions:

Congés de maladie accumulés qualifient à titre d'allocation de retraite?

Position Adoptée:

29 August 1995 Internal T.I. 9521957 F - RENOVATION D'UN CHALUTIER

Unedited CRA Tags
127(9)

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.

22 August 1995 Internal T.I. 952067A - YEAR END TESTAMENTARY TRUST

Unedited CRA Tags
104(23)(a) 249.1(1)(b)(i)

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.

T. Murphy
XXXXXXXXXX 613 (957-8953)
952067

August 22, 1995

Dear Sir:

Re: Year-End of an Estate

22 August 1995 Internal T.I. 9505576 - PRE-DECISION INTEREST ON RETRO WCB AWARD

Unedited CRA Tags
12(1)(c)
Summary Under
Tax Topics - Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c)

Principal Issues: prejudgment interest on retroactive WCB awards

22 August 1995 Internal T.I. 9521717 F - CRÉDIT D'IMPOT POUR PENSION - PAIEMENTS DE FERR

Unedited CRA Tags
118(7) 146.3

Position Adoptée:

18 July 1995 Internal T.I. 9507166 - PAYMENTS TO CAREGIVERS

Unedited CRA Tags
81(1)(h)

Principal Issues:

14 July 1995 Internal T.I. 9429897 F - RÉPARTITION DU PRODUIT-INCIDENCE SI VENDEUR RETIENT DROIT D'USAGE

Unedited CRA Tags
13(7)C) 45(1)b) 54(a)(iii) 248(3) 69(1)b)

Principales Questions:

i)Répartition du produit de disposition d'un immeuble utilisé partiellement pour gagner un revenu.

ii)Incidence fiscale de la vente d'un bien lorsque le vendeur retient un droit d'usage ou d'habitation viager.

Position Adoptée:

22 June 1995 Internal T.I. 9511967 F - RENOVATION D'UN CHALUTIER

Unedited CRA Tags
127(9)

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.

Ministerial Letter

20 September 1995 Ministerial Letter 951398A - AMOUNTS PAID TO A BENEFICIARY OF A TRUST

Unedited CRA Tags
104(24)

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.

	                    	951398
XXXXXXXXXX                           	C.R. Bowen

Attention: XXXXXXXXXX

September 20, 1995

Dear Sirs:

15 September 1995 Ministerial Letter 9524738 - 401(K) PENSION PLAN FOR CANADIAN COMMUTERS (7582)

Unedited CRA Tags
5(1) 8 ART 18 6(1)(g) 56(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.

XXXXXXXXXX

Dear XXXXXXXXXX:

I am responding to your letter of August 2, 1995, written on behalf of XXXXXXXXXX concerning his clients who are residents of Canada, who work in the United States and who make contributions to a United States pension plan known as a 401(k) plan.

1 September 1995 Ministerial Letter 9519408 - FELLOWSHIP EARNED INCOME OR NOT

Unedited CRA Tags
146(1) 56(1)(n) 56(1)(o)

Principal Issues:

30 August 1995 Ministerial Letter 9518038 F - FORMATION DE LA MAIN D'OEUVRE

Unedited CRA Tags
18(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.

MINISTER/DM'S OFFICE	      			YS : 95-04766M
ADM'S OFFICE
RULINGS
RETURN TO 15TH FLOOR, ALBION TOWERS

XXXXXXXXXX