Income Tax Severed Letters - 1997-05-16

Miscellaneous

29 April 1997 Miscellaneous 9710541 - CARRYING VALUE OF REAL ESTATE OWNED BY AN INSURER

Unedited CRA Tags
181(3)

Principal Issues:

What is the carrying value of real estate?

Position:

It is gross of encumbrances.

Reasons:

Ruling

30 November 1996 Ruling 9702203 - WITHHOLDING PART XIII

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

Principal Issues:

1.Whether amendments to trust indenture result in new debt?
2.Even if not a new debt, does the fact that, as a result of the method chosen by the taxpayer to follow through on its voluntary offer to redeem the debentures, the taxpayer becomes obligated to redeem the debentures within 5 years from date of the debenture's original issue, cause a loss of the exemption from withholding tax under Part XIII with respect to payments of accrued interest at time of the redemption?

Position:

1.No. The debenture is disposed of when the redemption occurs and the cash is paid out.
2.No. Exemption still considered to apply to payments of accrued interest on date of redemption.

Reasons:

30 November 1996 Ruling 9703773 - MUTUAL FUND LIMITED PARTNERSHIP

Unedited CRA Tags
18.1

Principal Issues:

1.Would the ability of holders of units in the Funds (as defined in the ruling) to exchange their units for units of new funds in the XXXXXXXXXX family (these new funds were not previously listed in the ruling and may or may not be created in the future), taint the rulings/opinions given (in particular the 18.1 opinion)?

Position:

1.No.

Reasons:

30 November 1996 Ruling 9707993 - FOREIGN PENSION TRANSFER TO RRSP

Unedited CRA Tags
60(j) 56(1)(a)

Principal Issues:

Will lump-sum XXXXXXXXXX pension withdrawal qualify for 60(j) deduction?

Position:

Yes

Reasons:

30 November 1996 Ruling 9637753 F - EXONÉRATION PRESTATION DE RETRAITE - XXXXXXXXXX

Unedited CRA Tags
81(1)a)

Principales Questions:

Est-ce que les prestations de retraite qui seront payées à un participant par un régime de pension agréé à cotisations déterminées seront non imposables en vertu de l'alinéa 81(1)a) de la Loi?

Position Adoptée:

30 November 1996 Ruling 9638273 - EX GRATIA PAYMENT IN LIEU OF LIFE INSURANCE

Unedited CRA Tags
5 56

Principal Issues:

taxation of a payment in settlement of a dispute over amount of life insurance in effect on date of employee's death. Employer to make an ex gratia payment to the named beneficiary of the policy equal to difference between the amount of insurance actually in effect on the life of the employee and the amount of coverage that was to be provided under the collective agreement. Interest to be paid from the date of death of the employee

Position:

the lump sum payments are not taxable but the interest is

Reasons:

30 November 1996 Ruling 9700373 - INTEREST DEDUCTION

Unedited CRA Tags
20(1)(c) 84.1 55

Principal Issues:

1.Deductibility of interest on funds borrowed to redeem shares.
2.Non-application of subsection 84.1(1) upon sale of shares of Opco by an individual to Holdco which is owned by XXXXXXXXXX of the individual.
3.Eligibility for enhanced capital gains deduction upon sale of shares of a qualifying small business corporation.
4.No application of 55(2) upon redemption of shares of Opco by Holdco.

Position:

1.OK with proviso re: quantum of retained earnings and paid-up capital.
2.Ruling provided with proviso that "to the extent the vendors are at arm's length with the purchaser corporation prior to the sale of the shares".
3.No ruling provided - question of fact re: qualifying small business corporation.
4.No ruling provided - 55(2) will be applicable, but due to the particuar circumstances, the proceeds of disposition would be equal to the ACB of the shares resulting in no gain. Nonetheless, we are unable to provide a ruling as the acb of the shares is a question of fact.

Reasons:

30 November 1995 Ruling 9608063 - BUTTERFLY REORGANIZATION

Unedited CRA Tags
55(3)(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.

3-960806
XXXXXXXXXX XXXXXXXXXX

Attention XXXXXXXXXX

XXXXXXXXXX, 1996

Dear Sirs:

Re:XXXXXXXXXX

30 November 1995 Ruling 9622513 - SUPPLEMENTARY TO XXXXXXXXXX REORG

Unedited CRA Tags
55(3)(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.

XXXXXXXXXX						1-962251
XXXXXXXXXX

Attention: XXXXXXXXXX

XXXXXXXXXX, 1996

Dear Sirs:

Re:XXXXXXXXXX - Advance
income tax ruling 3-960806 dated XXXXXXXXXX, 1996,
as amended by our letter of XXXXXXXXXX
(collectively, the "Amended Ruling")

30 November 1995 Ruling 9608143 - CHANGES TO UNIVERSAL LIFE POLICY - DISPOSITION?

Unedited CRA Tags
148(1) 148(10)(d)

Principal Issues: Whether amendments to a universal life insurance policy that propose to add certain interest options can be considered so fundamental that they result in a disposition of the underlying policy.

Position: No.

Reasons: Factual determination.

30 November 1995 Ruling 9625233 - XXXXXXXXXX LIMITED PARTNERSHIP

Unedited CRA Tags
96(2.2)(d) 237.1 9(1)

Principal Issues:

This is XXXXXXXXXX services limited partnership arrangement. It consists of

XXXXXXXXXX

None of these changes which are meant to deal with the changes in law are relevant with respect to the rulings and opinions given which are considered routine.

Some distinguishing features are that debt is isolated in the XXXXXXXXXX partnership which has an income stream from all services partnership based on the less certain fees..the XXXXXXXXXX fees. The investor is entitled directly to the benefits of the XXXXXXXXXX fee. The other significant change is that XXXXXXXXXX may be required to purchase an interest in the services partnership for fair market value pursuant to a put agreement. Since the put is for fair market value, it does not cause an at-risk problem.

The main issue was the possible application of section 103 because of the allocation of initial losses to the investors rather than the XXXXXXXXXX partnership.

Position:

30 November 1995 Ruling 9608153 - CHANGES TO UNIVERSAL LIFE POLICY - DISPOSITION?

Unedited CRA Tags
148(1) 148(10)(d)

Principal Issues: Whether amendments to a universal life insurance policy that propose to add certain interest options can be considered so fundamental that they result in a disposition of the underlying policy.

Position: No.

Reasons: Factual determination.

30 November 1995 Ruling 9628173 - LOSS UTILIZATION INVOLVING OPTION TO BUY DEP. PTY.

Unedited CRA Tags
245(2) 13(5.3) 49(3) 13(5.2) 55(3)(a)

Principal Issues:

In-house loss utilization scheme involving an "option" to purchase depreciable property. Depreciable property currently being leased by option holder.

Position:

Since all parties were related, the scheme was not subject to GAAR. The transactions were all legally effective.

Reasons:

30 November 1995 Ruling 9610043 - XXXXXXXXXX MUTUAL FUND

Unedited CRA Tags
54 XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX

Principal Issues:

WILL XXXXXXXXXX MUTUAL FUND RESULT IN A DISPOSITION

Position: NO

Reasons:

30 November 1995 Ruling 9527143 F - REORGANISATION

Unedited CRA Tags
55(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 3-952714

A l'attention de XXXXXXXXXX

XXXXXXXXXX 1996,

Madame,

Objet: Demande de décisions anticipées
en matière d'impôt sur le revenu
XXXXXXXXXX

30 November 1995 Ruling 9636193 - DISPOSITION

Unedited CRA Tags
54 108(2)

Principal Issues:

The ruling given in paragraph 38(i), states:

The Proposed Transactions described in paragraphs 27, 28, 29 and 31 will not, in and of themselves, result in the disposition by unitholders of all or part of their units in a Fund within the meaning of the definition of "disposition" in section 54 of the Act.

Can the above wording be amended to delete the reference to section 54 and state that there will be no disposition for purposes of the Act? The concern expressed by the representative is that the definition of disposition in section 54 is an inclusive one and does not fully address whether Revenue Canada would consider there to be as disposition for purposes of the Act.

Position:

Yes.

Reasons:

30 November 1995 Ruling 9610323 - BUTTERFLY

Unedited CRA Tags
55(3)(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.

XXXXXXXXXX			3-961032

Attention: XXXXXXXXXX

XXXXXXXXXX, 1996

Dear Sirs:

Re:XXXXXXXXXX
Advance Income Tax Ruling

30 November 1995 Ruling 9616243 - PREFERRED SHARES

Unedited CRA Tags
248 112

Principal Issues:

Are shares term preferred shares & Taxable preferred shares.

Position:No.

Reasons: legislation

30 November 1995 Ruling 9621483 - TERM PREFERRED SHARES

Unedited CRA Tags
112

Principal Issues: new facts

Position: supplemental issued

Reasons: no impact on rulings given

Technical Interpretation - External

6 May 1997 External T.I. 9706275 F - ACTIONS ACCRÉDITIVES -REER

Unedited CRA Tags
66(12.6) 66(12.62) 66.3(3) 146

Principales Questions:

5 May 1997 External T.I. 9711495 - SHAREHOLDER LOAN

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

Principal Issues:

Loss on shareholder loans

Position:

refer to IT-239R2 and 159R3

Reasons:

1 May 1997 External T.I. 9710435 - RETIRING ALLOWANCE, RESIGNING OFFICE

Unedited CRA Tags
60(j.1)

Principal Issues:

1.Must an officer of a corporation resign the office before a retiring allowance can be paid?
2. Will the appointment of a related party as an officer in place of the retiring officer be acceptable.

Position:

1. Yes.
2. Yes but this is only one factor.

Reasons:

1 May 1997 External T.I. 9709575 - EPSP PAYMENTS

Unedited CRA Tags
144 115

Principal Issues:

1.Can profits of a foreign controlled affiliate be considered in calculating EPPS contibutions?
2.Does sec. 67 apply with respect to deductions in respect of EPSP contributions for non-resident employees?
3.Do withholding provisions apply with respect to amounts paid to non resident employees under an EPSP?

Position: 1. Yes. 2. Yes. 3. No.

Reasons:

30 April 1997 External T.I. 9701015 F - CONV CANADA-FRANCE

Unedited CRA Tags
110(1)(f)(i)

Principales Questions:

Est-ce que la mention "au cours de toute période de 12 mois" prévue au paragraphe 2.a) de l'article XV de la Convention Canada-France vise seulement les période de 12 mois qui commencent ou se terminent dans une année civile?

Position Adoptée:

29 April 1997 External T.I. 9709215 - CONST RECEIPT, ACCELERATED PAYMENTS

Unedited CRA Tags
248

Principal Issues:

Where a non-registered supplemental pension plan provides employees with the right to elect to receive the commuted value of future lifetime pension benefits in five equal annual instalments, will contructive receipt result when the election is made?

Position:

No

Reasons:

28 April 1997 External T.I. 9706655 - 70 YEAR OLD, RRSP OVER CONTRIBUTION

Unedited CRA Tags
146 Part X.1

Principal Issues:

Can an individual who will turn 70 in 1997 contribute to an RRSP year and deduct the contribution in 1998 within the following year's rrsp limit?

Position:

Subject to over contribution penalties for the months in 1997, yes

Reasons:

28 April 1997 External T.I. 9709705 - RESP INVESTMENTS

Unedited CRA Tags
146.1 206.1

Principal Issues:

What are eligible investments of an RESP

Position:

There are no restrictions on RESP investments. However section 206.1 may have application.

Reasons:

24 April 1997 External T.I. 9709265 - RE-HIRING AFTER TERMINATION

Unedited CRA Tags
56(1)(a)(ii) 5(1) 146(5) 60(j.1)

Principal Issues:

Effect of re-employment with employer after payment of severance package.

Position:

Payment will not be considered a "retiring allowance" if assurance of new employment existed at time payment was made.

Reasons:

23 April 1997 External T.I. 9709785 - RPP LUMP SUM PAYMENT

Unedited CRA Tags
56(1)(i)

Principal Issues:

When lump sum payments of pension arrears and related interest must be included in income where the payment is a result of prior understatement of benefits.

Position:

Pension income must be reported in the year it is received

Reasons:

23 April 1997 External T.I. 9638825 F - IMMEUBLE CO PROPRIETE

Unedited CRA Tags
248(20) 13(21) 54

Position Adoptée:

23 April 1997 External T.I. 9706445 - FEES PAID IN RESPECT OF AN RRSP

Unedited CRA Tags
146

Principal Issues:

Treatment of fees incurred in respect of an RRSP

Position:

1) admin or trustee fees can be paid by either annuitant or rrsp;
2) management fees are an expense of the rrsp;
3) investment counselling fees for advice to the annuitant are an expense of the annuitant;

Reasons:

21 April 1997 External T.I. 9707495 - DEDUCTIBILITY

Unedited CRA Tags
8

Principal Issues:

deduction of expenses to earn income

Position:

section 8

Reasons:

17 April 1997 External T.I. 9703445 - PAYMENTS TO CAREGIVERS

Unedited CRA Tags
81(1)(h)

Principal Issues:

Individuals receive amounts for caring for foster children. The issue is the nature of the amounts for income tax purposes.

Position:

The amounts are taxable as salary or wages under subsection 5(1) of the Act.

Reasons:

17 April 1997 External T.I. 9706285 - FEES PAID IN RESPECT OF RRSPS

Unedited CRA Tags
146

Principal Issues:

Treatment of fees incurred in respect of an RRSP

Position:

1)Admin or trustee fees can be paid by either annuitant or rrsp;
2)Management fees are an expense of the rrsp;
3:Investment counselling fees for advice to the annuitant are an expense of the annuitant;

Reasons:

17 April 1997 External T.I. 9631325 F - BIEN AGRICOLE ADMISSIBLE - CHOIX 110.6(19)

Unedited CRA Tags
110.6(19) 110.6(1)

Principales Questions:

Est-ce qu'un fonds de terre utilisé par un particulier de 1974 à 1990 dans le cadre de l'exploitation d'une entreprise agricole, à l'égard duquel un choix a été fait en vertu du paragraphe 110.6(19) de la Loi peut-être admissible à titre de "bien agricole admissible" même si l'entreprise agricole, à l'exception du fonds de terre, a été transférée à une société en 1990 et que le fonds de terre est loué à cette société?

Position Adoptée:

16 April 1997 External T.I. 9707885 - RRSP INVESTMENT IN SMALL BUSINESS

Unedited CRA Tags
REG 4900

Principal Issues:

RRSP investment in small business.

Position:

Standard reply with added comments specific to his questions.

Reasons:

16 April 1997 External T.I. 9707975 - RRSP SECURITY FOR DEBTS

Unedited CRA Tags
198 146(10)

Principal Issues:

We were asked to consider an arrangement where funds held in an RRSP would be used to secure a debt obligation.

Position:

We did not comment on specific proposal but identified the law that applies when RRSP property is used to secure debt obligations.

Reasons:

16 April 1997 External T.I. 9707085 - PENSION TAX CREDIT

Unedited CRA Tags
118(7)

Principal Issues:

Are amounts paid out of an RRSP as a life annuity qualified pension income for purposes of the pension tax credit where the amount was previously rolled from an RPP

Position:

No

Reasons:

16 April 1997 External T.I. 9707625 - DEDUCTION OF INTEREST ON PARTICIPATING LOANS

Unedited CRA Tags
20(1)(C)

Principal Issues:

Clarification of statements made in document E9511205 regarding deduction of interest when the amount becomes payable in a year subsequent to the year of accrual.

Position:

Deductible in the year of accrual.

Reasons:

10 April 1997 External T.I. 9706955 - RESP, 1997 BUDGET PROPOSALS

Unedited CRA Tags
146.1

Principal Issues:

Confirmation of RESP budget proposals

Position:

General understandings provided

Reasons:

10 April 1997 External T.I. 9708765 - RRSP, LEGAL EXPENSES

Unedited CRA Tags
146

Principal Issues:

Can an RRSP incur legal fees relating to mortgage property that it holds?

Position:

Yes

Reasons:

7 April 1997 External T.I. 9629775 F - FIDUCIE DE SANTÉ ET DE BIEN ETRE - SURPLUS ACCUMULÉ

Unedited CRA Tags
6(1)(a)

Principales Questions:

1)Est-ce qu'un surplus accumulé dans une fiducie de santé et de bien-être au bénéfice d'employés constituerait un avantage imposable pour ces derniers
i)dès que le statut permanent du surplus est constaté? Si oui rétroactivement à la première année d'imposition où l'accumulation a débuté ou seulement au cours de la première année d'imposition où le surplus de caractère permanent est constaté;
ii)lorsque les montants en excédent sont versés, directement ou indirectement, aux employés ?

2)L'accumulation d'un surplus peut-elle se régler par une bonification des avantages des régimes administrés par la fiducie?

3)Est-ce que la qualification d'une fiducie contaminée à titre de "régime de prestation aux employés", d"'entente d'échelonnement du traitement" ou de "convention de retraite" est faite seulement suite à une analyse détaillée des documents pertinents ? Quels seraient les éléments qui militeraient en faveur d'une qualification donnée plutôt qu'une autre ? Une fiducie contaminée pourrait-elle être convertie en plus d'un des régimes mentionnés précédemment?

Position Adoptée:

7 April 1997 External T.I. 9635405 F - DÉPENSES D'INTÉRETS - VENDEUR A COMMISSIONS

Unedited CRA Tags
8(1)f)

Principales Questions:

Les intérêts sur un emprunt qui se rapporte à des dépenses de nature courante engagées pour gagner un revenu de commissions, sont-ils déductibles dans le calcul du revenu de commissions?

Position Adoptée:

4 April 1997 External T.I. 9700205 - DEBTS INCURRED BY A CHARITY

Unedited CRA Tags
149.1(4)(d)

Principal Issues:

Whether debts "incurred in connection with the purchase and sale of investments..." by a charity would include borrowing for the actual purchase price of the investments.

Position:

Such debts could expose the charity to deregistration.

Reasons:

25 March 1997 External T.I. 9702585 - TAXABILITY OF COURSE COSTS PAID UNDER EI ACT

Unedited CRA Tags
56(1)(a)(iv) 118.5 118.6

Principal Issues:

whether tuition tax credit and/or education tax credit is available to students who have received amounts directly from HRDC which are "designed to facilitate the entry or re-entry of workers into the labour force" and where these amounts are not required to be included in income because of the carve out provisions in 56(1)(a)(iv).

Position:

tuition tax credit available only for that portion of fees for which the claimant has not been reimbursed or otherwise assisted under the EI Act (or other program of Her Majesty in right of Canada, or of a prvince, which is designed to facilitate the entry or re-entry of the individual into the labour force and which is also not included in income). Fees paid must otherwise qualify for the credit and the remainder portion must be more than $100. No education tax credit because the def'n of "qualifying educational program" excludes any program in which the student receives "from a person with whom the student is dealing at arm's length, any allowance, benefit, grant or reimbursement for expenes in respect of the program..."

Reasons:

20 March 1997 External T.I. 9636345 F - DÉPENSES LIÉES A L'EXERCICE DES FONCTIONS D'UN EMPLOI

Unedited CRA Tags
8(1)i)(iii)

Principales Questions:

Quelles dépenses peuvent être déductibles dans le calcul du revenu tiré d'un emploi selon 8(1)i)(iii) dans le cas d'un enseignant?

Position Adoptée:

7 March 1997 External T.I. 9704665 - NASDAQ & OTC BULLETIN BOARD

Unedited CRA Tags
3201(o)(viii)

Principal Issues:

Is the Over-the-Counter Bulletin Board a prescribed stock exchange?

Position: No

Reasons:

20 February 1997 External T.I. 9641155 - HOUSING AND RENTAL SUBSIDY

Unedited CRA Tags
6(1)(a)

Principal Issues:

Amounts paid to former employees to compensate for the reduction in the value of their homes as a result of the employer XXXXXXXXXX

Position:

The amounts are taxable as employment income or as a retiring allowance.

Reasons:

11 February 1997 External T.I. 9639925 - GRAIN TICKETS

Unedited CRA Tags
76(4)

Principal Issues:

Post-dated cheques

Position:

Post-dated cheques are normally accepted as security for debt without extinguishing the original debt. Income to cash basis farmer when cheque is cashable.

Reasons:

5 February 1997 External T.I. 9633455 - CONDITIONAL DONATION - WHETHER A GIFT?

Unedited CRA Tags
118.1(1)

Principal Issues:

Whether donation made subject to conditions qualifies as a gift?

Position:

No.

Reasons:

4 February 1997 External T.I. 9638635 - WITHHOLDING TAX ON SALARY

Unedited CRA Tags
153(1)

Principal Issues:

Whether or not the withholding of tax from a taxpayer's salary is unconstitutional.

Position:

Withholding of tax does not infringe upon a taxpayer's rights.

Reasons:

Conference

11 October 1996 APFF Roundtable Q. 5, 7M12910 - APFF ROUND TABLE

Unedited CRA Tags
3

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.

ASSOCIATION DE PLANIFICATION FISCALE ET FINANCIERE
ROUND TABLE ON FEDERAL TAXATION
ANNUAL MEETING
October 9, 10 and 11, 1996

INTRODUCTION

11 October 1996 APFF Roundtable Q. 5, 7M12920 F - TABLE RONDE APFF

Unedited CRA Tags
3

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.

ASSOCIATION DE PLANIFICATION FISCALE ET FINANCIERE
TABLE RONDE SUR LA FISCALITÉ FÉDÉRALE
CONGRES ANNUEL
9, 10 et 11 octobre 1996

INTRODUCTION

Technical Interpretation - Internal

7 May 1997 Internal T.I. 9710577 F - EXCÉDENT CUMULATIF AU REER -FESP

Unedited CRA Tags
204.2(1.1)b)

Position Adoptée:

17 April 1997 Internal T.I. 9703126 - TREASURY BOARD MORTGAGE INTEREST SUBSIDIES

Unedited CRA Tags
6(1)(a) 6(9)

Principal Issues:

taxation of mortgage interest subsidies, esp. those payable under the Treasury Board Directive

Position:

subsidies under the current Treasury Board Directive are not taxable, question of fact in all other cases

Reasons:

16 April 1997 Internal T.I. 9704046 - CHARITY SUPPORTING ITS IMPOVERISHED FORMER EMPLOYEES

Unedited CRA Tags
56(1)(a) 56(1)(u)

Principal Issues:

payment to retired XXXXXXXXXX by former employer as pension or as social assistance

Position:

pension

Reasons:

15 April 1997 Internal T.I. 9707227 - RCA, SOLE SHAREHOLDER, 8(1)(M.2)

Unedited CRA Tags
8(1)(m.2)

Principal Issues:
Would an agreement entered into between a sole shareholder and his corporation satisfy the condition in 8(1)(m.2)(iii)(A) of the Act?

Position:
No

Reasons:
The sole shareholder is responsible for setting the terms of his employment.

7 April 1997 Internal T.I. 9633857 - CLERGY HOUSING -APPOINTMENT, MINISTER & ADMINISTRATION

Unedited CRA Tags
8(1)(c)

Principal Issues:

clergymen's residence deduction -whether charity is a religious order, who appointed clergyman to his position, meaning of the terms minister and administration

Position:

charity not a religious order, question of fact as to who appointed minister to administrative post, the term minister refers to spiritual leader of a religious denomination who performs all the activities including pastoral care and priestly functions, normally associated with the term, administrative service can be distinguised from groundkeeping and accounting in that the latter are specific tasks done at the direction of the administrator

Reasons:

7 April 1997 Internal T.I. 9702597 - XXXXXXXXXX NOT A RELIGIOUS ORDER

Unedited CRA Tags
8(1)(c)

Principal Issues:

XXXXXXXXXX - is it a religious order

Position:

no

Reasons:

17 March 1997 Internal T.I. 9622606 - SHARES HELD IN ESCROW

Unedited CRA Tags
47(1) 53(1)(j)

Principal Issues:

Whether our written advice to a Tax Services office concerning a particular individual taxpayer constitutes a change in our general views on the subject of escrow shares.

Position:

No.

Reasons:

14 March 1997 Internal T.I. 9702467 F - DOMMAGES MORAUX - REGLEMENT HORS COUR

Unedited CRA Tags
248(1)

Principales Questions:

Comment imposer un montant pour dommages moraux qu'un employé reçoit de son employeur lors d'un règlement hors cour, si l'employé conserve son emploi?

Position Adoptée:

22 January 1997 Internal T.I. 9700236 - INVESTMENT CORPORATION - CAPITAL GAINS REFUND

Unedited CRA Tags
130(2) 131(2)

Principal Issues:

If a corporation that was throughout a particular taxation year an investment corporation declares and pays out dividends during the first 60 days of the following taxation year, must the corporation also be an investment corporation throughout that following taxation year in order to qualify for the capital gains refund under subsection 131(2).

Position:

Yes.

Reasons:

19 July 1996 Internal T.I. 9624337 - INDIANS INVESTING IN FUND CO.

Unedited CRA Tags
81(1)(a)

Principal Issues:

Whether a ruling we provided is being held out to the public to represent more than it actually states.

Position:

We do not view it to be a significant concern.

Reasons: