Income Tax Severed Letters - 2003-09-12

Miscellaneous

2003 Miscellaneous 2003-00263110 - Minor Amendments to Butterfly Ruling

Unedited CRA Tags
55(3)(b)

Principal Issues: Minor changes to proposed transactions

Position: Confirmed rulings granted in ruling 2003-018371

Reasons: The law
SECTION: 55(3)(b)

2003 Miscellaneous 2003-0026311 - Minor Amendments to Butterfly Ruling

Unedited CRA Tags
55(3)(b)

Principal Issues: Minor changes to proposed transactions

Position: Confirmed rulings granted in ruling 2003-018371

Reasons: The law
SECTION: 55(3)(b)

Ruling

2003 Ruling 2003-00057530 - GRANTS RECEIVED FROM US CHARITY

Unedited CRA Tags
6(1)(A) 56(1)(U)

Principal Issues: Whether payments made from a U.S. charity set up to provide emergency assistance to employees of a large employer, who require emergency financial assistance due to a catastrophic event beyond the employee's control, to obtain the basic necessities of life would be considered taxable employment benefits, or would otherwise be included in income.

Position: Not required to be included in employment income, or otherwise included in income.

Reasons: Not employment income because employees receive the grants in their personal capacity as evidenced by the fact that the charity operates completely independent of the employer, the employer is not involved in the decision-making process, and the grants are based on the employee's need for emergency assistance. Also, the amount would not be social assistance because it is a one-time grant to cover an employee's basic necessities of life similar to disaster relief funding, and is not within the spirit of paragraph 56(1)(u) as shown by the fact that that such payments are excepted from the normal social assistance reporting requirements.

2003 Ruling 2003-0005753 - GRANTS RECEIVED FROM US CHARITY

Unedited CRA Tags
6(1)(A) 56(1)(U)

Principal Issues: Whether payments made from a U.S. charity set up to provide emergency assistance to employees of a large employer, who require emergency financial assistance due to a catastrophic event beyond the employee's control, to obtain the basic necessities of life would be considered taxable employment benefits, or would otherwise be included in income.

Position: Not required to be included in employment income, or otherwise included in income.

Reasons: Not employment income because employees receive the grants in their personal capacity as evidenced by the fact that the charity operates completely independent of the employer, the employer is not involved in the decision-making process, and the grants are based on the employee's need for emergency assistance. Also, the amount would not be social assistance because it is a one-time grant to cover an employee's basic necessities of life similar to disaster relief funding, and is not within the spirit of paragraph 56(1)(u) as shown by the fact that that such payments are excepted from the normal social assistance reporting requirements.

Ministerial Correspondence

12 August 2003 Ministerial Correspondence 2003-00306340 - fines and penalties

Unedited CRA Tags
18(1)(a) 9(1)

Principal Issues: What action will the CCRA be taking to correct the law as a result of the Supreme Court's decision in 65302 BC Ltd.

Position: Apply the law in accordance with the outcome of the decision.

Reasons: Supreme Court decision-Finance is aware and that Department is responsible for tax policy matters.

12 August 2003 Ministerial Correspondence 2003-0030634 - fines and penalties

Unedited CRA Tags
18(1)(a) 9(1)

Principal Issues: What action will the CCRA be taking to correct the law as a result of the Supreme Court's decision in 65302 BC Ltd.

Position: Apply the law in accordance with the outcome of the decision.

Reasons: Supreme Court decision-Finance is aware and that Department is responsible for tax policy matters.

Technical Interpretation - External

9 September 2003 External T.I. 2003-0006645 - CALLABLE STEP-UP BOND

Unedited CRA Tags
REG 7000(1)(c) 12(9) 12(4)

Principal Issues: Callable Step -up Bonds - are they prescribed?

9 September 2003 External T.I. 2003-0025345 - INTEREST EXPENSE

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

Principal Issues:
Whether interest paid or payable on a mortgage following a change in use of a property from non-income producing to income producing will be deductible in computing income from this source?

9 September 2003 External T.I. 2003-00066450 - CALLABLE STEP-UP BOND

Unedited CRA Tags
REG 7000(1)(c) 12(9) 12(4)

Principal Issues: Callable Step -up Bonds - are they prescribed?

9 September 2003 External T.I. 2003-00253450 - INTEREST EXPENSE

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

Principal Issues:
Whether interest paid or payable on a mortgage following a change in use of a property from non-income producing to income producing will be deductible in computing income from this source?

8 September 2003 External T.I. 2003-00310350 - POST-JUDGEMENT INTEREST

Unedited CRA Tags
56(1)(d) 12(1)(c)

Principal Issues:
Can a damage award that has been ordered structured at trial date and that was subsequently appealed and affirmed at Appeal court where it was increased by post-judgment interest be structured in total, that is the original amount awarded plus the interest.
POSITION TAKEN:
Only the awarded amount can be structured, as post-judgment interest is not considered damages for personal injury.

8 September 2003 External T.I. 2003-0031035 - POST-JUDGEMENT INTEREST

Unedited CRA Tags
56(1)(d) 12(1)(c)

Principal Issues:
Can a damage award that has been ordered structured at trial date and that was subsequently appealed and affirmed at Appeal court where it was increased by post-judgment interest be structured in total, that is the original amount awarded plus the interest.
POSITION TAKEN:
Only the awarded amount can be structured, as post-judgment interest is not considered damages for personal injury.

5 September 2003 External T.I. 2003-0036255 - taxation of status indian

Unedited CRA Tags
81(1)(a)

Principal Issues: Would a status Indian's EI payments be exempt from tax?

Position: Probably yes, based on the information provided.

Reasons:
EI benefits can be tax exempt if the employment income to which they relate was tax exempt. This individual was working on reserve so the employment income was likely situated on reserve and tax exempt. Accordingly, EI benefits would also be exempt

5 September 2003 External T.I. 2003-00289950 - Class 43.1 Eligibility

Unedited CRA Tags
Reg 1100 Reg 1104 Class 43

Principal Issues: Does the equipment described qualify for Class 43.1 treatment? If not, which CCA class is appropriate?

Position: No.

Reasons: The residual used in the process does meet the definition of wood waste in Regulation 1104(13). The equipment should be included in Class 43.

5 September 2003 External T.I. 2003-00362550 - taxation of status indian

Unedited CRA Tags
81(1)(a)

Principal Issues: Would a status Indian's EI payments be exempt from tax?

Position: Probably yes, based on the information provided.

Reasons:
EI benefits can be tax exempt if the employment income to which they relate was tax exempt. This individual was working on reserve so the employment income was likely situated on reserve and tax exempt. Accordingly, EI benefits would also be exempt

5 September 2003 External T.I. 2003-0028995 - Class 43.1 Eligibility

Unedited CRA Tags
Reg 1100 Reg 1104 Class 43

Principal Issues: Does the equipment described qualify for Class 43.1 treatment? If not, which CCA class is appropriate?

Position: No.

Reasons: The residual used in the process does meet the definition of wood waste in Regulation 1104(13). The equipment should be included in Class 43.

3 September 2003 External T.I. 2003-0021505 - CHILD CARE EXPENSES

Unedited CRA Tags
63

Principal Issues: Two individuals ("Individual A" and "Individual B"), who are separated, have two young children. Individual A with whom the children reside, pays the full amount of the child care expenses. As the child care expenses are shared by the two individuals on the basis of their income, Individual B reimburses Individual A for the appropriate portion of the expenses. To what extent is Individual A entitled to deduct child care expenses.

Position. Individual A is only entitled to deduct child care expenses to the extent of her share of the costs, provided she meets all the other requirements to deduct such amount.

Reasons: Paragraph 63(1)(d) of the Income Tax Act provides that a taxpayer is only entitled to deduct child care expenses to the extent that any taxpayer was not entitled to a reimbursement or any other form of assistance for the expenses (unless the reimbursement or assistance is included in a taxpayer's income and is not deductible in computing the taxpayer's taxable income).

3 September 2003 External T.I. 2003-0025815 - debt of partnership settled

Unedited CRA Tags
80(2)

Principal Issues:
What is the "amount paid" within the meaning of the term "forgiven amount" where debt of a partnership is settled in exchange for an interest in the partnership

Position:
Equal to the amount of cash the partnership would be entitled to receive on the admission of a new partner but gave up in return for a settlement of the obligation

Reasons: Case law / use of words "amount paid", and not "amount or value received"

3 September 2003 External T.I. 2003-00215050 - CHILD CARE EXPENSES

Unedited CRA Tags
63

Principal Issues: Two individuals ("Individual A" and "Individual B"), who are separated, have two young children. Individual A with whom the children reside, pays the full amount of the child care expenses. As the child care expenses are shared by the two individuals on the basis of their income, Individual B reimburses Individual A for the appropriate portion of the expenses. To what extent is Individual A entitled to deduct child care expenses.

Position. Individual A is only entitled to deduct child care expenses to the extent of her share of the costs, provided she meets all the other requirements to deduct such amount.

Reasons: Paragraph 63(1)(d) of the Income Tax Act provides that a taxpayer is only entitled to deduct child care expenses to the extent that any taxpayer was not entitled to a reimbursement or any other form of assistance for the expenses (unless the reimbursement or assistance is included in a taxpayer's income and is not deductible in computing the taxpayer's taxable income).

3 September 2003 External T.I. 2003-00258150 - debt of partnership settled

Unedited CRA Tags
80(2)

Principal Issues:
What is the "amount paid" within the meaning of the term "forgiven amount" where debt of a partnership is settled in exchange for an interest in the partnership

Position:
Equal to the amount of cash the partnership would be entitled to receive on the admission of a new partner but gave up in return for a settlement of the obligation

Reasons: Case law / use of words "amount paid", and not "amount or value received"

2 September 2003 External T.I. 2003-00030050 - MUTUAL FUND TRUST MARKET TO MARKET RULES

Unedited CRA Tags
142.2

Principal Issues:
Whether units of a mutual fund trust constitute mark-to-market property or a specified debt obligation.

Position: No.

Reasons:
Units of a mutual fund trust do not fall within the definitions of mark-to-market property and specified debt obligations.

2 September 2003 External T.I. 2003-0003005 - MUTUAL FUND TRUST MARKET TO MARKET RULES

Unedited CRA Tags
142.2

Principal Issues:
Whether units of a mutual fund trust constitute mark-to-market property or a specified debt obligation.

Position: No.

Reasons:
Units of a mutual fund trust do not fall within the definitions of mark-to-market property and specified debt obligations.

18 July 2003 External T.I. 2002-01629850 F - Renonciation et bénéficiaire

Unedited CRA Tags
75(2) 107(2) 107(4.1)

Principales Questions:
Les paragraphes 75(2) et 107(4.1) s'appliquent-ils à un transfert d'actions détenues par une société de gestion à une fiducie dont les actionnaires sont des bénéficiaires de la fiducie?

Position Adoptée: Oui.

18 July 2003 External T.I. 2002-0162985 F - Renonciation et bénéficiaire

Unedited CRA Tags
75(2) 107(2) 107(4.1)

Principales Questions:
Les paragraphes 75(2) et 107(4.1) s'appliquent-ils à un transfert d'actions détenues par une société de gestion à une fiducie dont les actionnaires sont des bénéficiaires de la fiducie?

Position Adoptée: Oui.

2 July 2003 External T.I. 2002-01800150 F - Usufruit d'un immeuble

Unedited CRA Tags
248(3) 69(1) 105(1)

Principales Questions :
1. Le paragraphe 69(1) de la Loi de l'impôt sur le revenu (la " Loi ") est-il applicable dans le cadre du transfert d'un bien ayant pour objet l'établissement d'un usufruit?
2. Le paragraphe 105(1) de la Loi est-il applicable relativement à l'usage des biens faisant l'objet de l'usufruit.
3. Les dépenses afférentes à l'usage du bien par l'usufruitier sont-elles déductibles par le nu-propriétaire.
1. Whether paragraph 69(1) of the Income Tax Act (the "Act") is applicable to a disposition of property where a usufruct is created.
2. Whether subsection 105(1) of the Act is applicable regarding the use of property subject to a usufruct.
3. Whether the bare owner's expenses resulting from the use of property by the usufructuary are deductible.

Position Adoptée :
1. Oui, relativement à l'usufruitier qui transfère le bien sujet à l'usufruit et peut-être, à l'égard du nu-propriétaire.
2. L'application du paragraphe 105(1) de la Loi repose sur les faits de chaque situation. Néanmoins, la politique administrative quant à l'application du paragraphe 105(1) est de ne pas émettre de cotisation sur ce fondement lorsque l'avantage découle de l'utilisation de bien à usage personnel par le bénéficiaire.
3. En général, non.
1. Yes, regarding the usufructuary and maybe, with respect to the bare owner.
2. All of the relevant facts must be considered in concluding whether a specific scenario come within the ambit of subsection 105(1) of the Act. However, it is an administrative practice not to rely on subsection 105(1) of the Act where the benefit derives from the use of personal-use property by the beneficiary.
3. Generally, no.

2 July 2003 External T.I. 2002-0180015 F - Usufruit d'un immeuble

Unedited CRA Tags
248(3) 69(1) 105(1)

Principales Questions :
1. Le paragraphe 69(1) de la Loi de l'impôt sur le revenu (la " Loi ") est-il applicable dans le cadre du transfert d'un bien ayant pour objet l'établissement d'un usufruit?
2. Le paragraphe 105(1) de la Loi est-il applicable relativement à l'usage des biens faisant l'objet de l'usufruit.
3. Les dépenses afférentes à l'usage du bien par l'usufruitier sont-elles déductibles par le nu-propriétaire.
1. Whether paragraph 69(1) of the Income Tax Act (the "Act") is applicable to a disposition of property where a usufruct is created.
2. Whether subsection 105(1) of the Act is applicable regarding the use of property subject to a usufruct.
3. Whether the bare owner's expenses resulting from the use of property by the usufructuary are deductible.

Position Adoptée :
1. Oui, relativement à l'usufruitier qui transfère le bien sujet à l'usufruit et peut-être, à l'égard du nu-propriétaire.
2. L'application du paragraphe 105(1) de la Loi repose sur les faits de chaque situation. Néanmoins, la politique administrative quant à l'application du paragraphe 105(1) est de ne pas émettre de cotisation sur ce fondement lorsque l'avantage découle de l'utilisation de bien à usage personnel par le bénéficiaire.
3. En général, non.
1. Yes, regarding the usufructuary and maybe, with respect to the bare owner.
2. All of the relevant facts must be considered in concluding whether a specific scenario come within the ambit of subsection 105(1) of the Act. However, it is an administrative practice not to rely on subsection 105(1) of the Act where the benefit derives from the use of personal-use property by the beneficiary.
3. Generally, no.

Technical Interpretation - Internal

28 August 2009 Internal T.I. 2003-00293670 F - Paragraph 122.3

Unedited CRA Tags
122.3

Principales Questions: (1) Est-ce que pour les fins de 122.3(1)b)(i) l'employeur déterminé doit nécessairement exploiter une entreprise à l'étranger en vertu d'un contrat? (2) Est-ce que ce contrat peut être conclu avec une entité liée à l'employeur déterminé?

Position Adoptée: (1) Oui; (2) Oui.

28 August 2009 Internal T.I. 2003-0029367 F - Paragraph 122.3

Unedited CRA Tags
122.3

Principales Questions: (1) Est-ce que pour les fins de 122.3(1)b)(i) l'employeur déterminé doit nécessairement exploiter une entreprise à l'étranger en vertu d'un contrat? (2) Est-ce que ce contrat peut être conclu avec une entité liée à l'employeur déterminé?

Position Adoptée: (1) Oui; (2) Oui.

11 September 2003 Internal T.I. 2003-0033707 - CLASSIFICATION OF A DUGOUT

Unedited CRA Tags
Class 6

Principal Issues: Whether the personal income tax guide entitled Farming Income And Nisa 2002, is correct in stating that a dugout is a Class 6 property for capital cost allowance purposes.

Position: Yes.

Reasons: Included in Class 6 of Schedule II of the Regulations is "property not included in any other class that is ... an oil or water storage tank" [paragraph (e)]. In our view, a "water storage tank" includes a man-made reservoir that is used for the purpose of storing water. In terms of a farming operation, this includes a dugout that is used for storing water.

11 September 2003 Internal T.I. 2003-00337070 - CLASSIFICATION OF A DUGOUT

Unedited CRA Tags
Class 6

Principal Issues: Whether the personal income tax guide entitled Farming Income And Nisa 2002, is correct in stating that a dugout is a Class 6 property for capital cost allowance purposes.

Position: Yes.

Reasons: Included in Class 6 of Schedule II of the Regulations is "property not included in any other class that is ... an oil or water storage tank" [paragraph (e)]. In our view, a "water storage tank" includes a man-made reservoir that is used for the purpose of storing water. In terms of a farming operation, this includes a dugout that is used for storing water.

9 September 2003 Internal T.I. 2003-00166970 - POST-TRAINING ASSISTANCE

Unedited CRA Tags
56(1)(n) 56(1)(r)

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

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

PRINCIPAL ISSUE:

Taxability of amount paid on completion of training program.

Position TAKEN:

General comments. May be taxable pursuant to paragraph 56(1)(n) or 56(1)(r).

Reasons:

Insufficient information.

9 September 2003 Internal T.I. 2003-0016697 - POST-TRAINING ASSISTANCE

Unedited CRA Tags
56(1)(n) 56(1)(r)

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

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

PRINCIPAL ISSUE:

Taxability of amount paid on completion of training program.

Position TAKEN:

General comments. May be taxable pursuant to paragraph 56(1)(n) or 56(1)(r).

Reasons:

Insufficient information.

29 August 2003 Internal T.I. 2003-0018497 F - L'Année d'imposition diffère

Unedited CRA Tags
126

Principales Questions : Comment procéder au calcul du crédit d'impôt étranger pour un particulier lorsque l'année d'imposition déterminée selon la législation fiscale étrangère diffère de l'année d'imposition pour les fins de la Loi de l'impôt sur le revenu, l'année civile.

How to calculate an individual's foreign tax credit where the taxation year under foreign tax law differs from the taxation year under the Income Tax Act, the calendar year.

Position Adoptée : La position de l'ADRC est d'accepter un calcul proportionnel du revenu et de l'impôt payé. La proportion du revenu étranger et de l'impôt étranger doit être comptabilisée au prorata du revenu étranger gagné durant l'année civile.
The CCRA's policy is to accept apportioned amounts of foreign income and foreign taxes paid when a foreign country's taxation year differs from Canada's (calendar) taxation year. The income and taxes are to be apportioned based on the portion of income earned during the calendar year.

29 August 2003 Internal T.I. 2003-00184970 F - L'Année d'imposition diffère

Unedited CRA Tags
126

Principales Questions : Comment procéder au calcul du crédit d'impôt étranger pour un particulier lorsque l'année d'imposition déterminée selon la législation fiscale étrangère diffère de l'année d'imposition pour les fins de la Loi de l'impôt sur le revenu, l'année civile.

How to calculate an individual's foreign tax credit where the taxation year under foreign tax law differs from the taxation year under the Income Tax Act, the calendar year.

Position Adoptée : La position de l'ADRC est d'accepter un calcul proportionnel du revenu et de l'impôt payé. La proportion du revenu étranger et de l'impôt étranger doit être comptabilisée au prorata du revenu étranger gagné durant l'année civile.
The CCRA's policy is to accept apportioned amounts of foreign income and foreign taxes paid when a foreign country's taxation year differs from Canada's (calendar) taxation year. The income and taxes are to be apportioned based on the portion of income earned during the calendar year.

28 August 2003 Internal T.I. 2003-0019767 F - Investissement dans une société étrangère

Unedited CRA Tags
94.1 95 17, 91 233.3

Principales Questions: Traitement fiscal d'un investissement autre qu'en actions détenu par une société résidente du Canada dans une société constituée XXXXXXXXXX mais résidente en XXXXXXXXXX .

Position Adoptée: Assujetti aux règles prévues à l'article 94.1 de la Loi.

28 August 2003 Internal T.I. 2003-00197670 F - Investissement dans une société étrangère

Unedited CRA Tags
94.1 95 17, 91 233.3

Principales Questions: Traitement fiscal d'un investissement autre qu'en actions détenu par une société résidente du Canada dans une société constituée XXXXXXXXXX mais résidente en XXXXXXXXXX .

Position Adoptée: Assujetti aux règles prévues à l'article 94.1 de la Loi.

27 August 2003 Internal T.I. 2003-0019857 F - Attribution de dividendes par un RPEB

Unedited CRA Tags
6(1)(d) 144 115

Principales Questions: Est-ce que les dividendes attribués à un bénéficiaire non-résident par une fiducie en vertu d'un régime de participation des employés aux bénéfices sont imposables?

Position Adoptée: Oui, dans la mesure où l'attribution se rapporte à des fonctions accomplies au Canada.

27 August 2003 Internal T.I. 2003-00198570 F - Attribution de dividendes par un RPEB

Unedited CRA Tags
6(1)(d) 144 115

Principales Questions: Est-ce que les dividendes attribués à un bénéficiaire non-résident par une fiducie en vertu d'un régime de participation des employés aux bénéfices sont imposables?

Position Adoptée: Oui, dans la mesure où l'attribution se rapporte à des fonctions accomplies au Canada.

6 August 2003 Internal T.I. 2003-00305670 - SPLIT-RECEIPTING

Unedited CRA Tags
248(32)

Principal Issues:
Under proposed gifting legislation, can a tax receipt be issued when parents pay an amount for the right for their children to attend a private school?

Position: Provided general comments only.

Reasons: Unable to provide definitive comments due to insufficient information.

6 August 2003 Internal T.I. 2003-0030567 - SPLIT-RECEIPTING

Unedited CRA Tags
248(32)

Principal Issues:
Under proposed gifting legislation, can a tax receipt be issued when parents pay an amount for the right for their children to attend a private school?

Position: Provided general comments only.

Reasons: Unable to provide definitive comments due to insufficient information.

1 August 2003 Internal T.I. 2003-00096970 F - Usufruit et amortissement

Unedited CRA Tags
248(3)

Principales Questions : Est-ce qu'un usufruitier peut réclamer la déduction pour amortissement relativement à un immeuble faisant l'objet de l'usufruit?
Whether a usufructuary can claim the capital cost allowance deduction on real property subject to a usufruct?

Position Adoptée : La réponse à cette question repose sur l'application du paragraphe 248(3) de la Loi de l'impôt sur le revenu (la " Loi ") en sa forme actuelle. Dans l'hypothèse où ce dernier paragraphe s'applique à l'usufruit, c'est la fiducie réputée qui peut réclamer la déduction pour amortissement. Dans le cas contraire, ni l'usufruitier ni le nu-propriétaire ne peuvent réclamer la déduction pour amortissement de l'alinéa 20(1)a) de la Loi.
The answer to this question revolves around the application of subsection 248(3) of the Income Tax Act (the "Act") in its actual form. Where subsection 248(3) of the Act in its actual form applies, the deemed trust could claim the capital cost allowance deduction. Where the current version of 248(3) would not apply, neither the usufructuary nor the bare owner would be entitled to claim the capital cost allowance deduction of paragraph 20(1)(a) of the Act.

1 August 2003 Internal T.I. 2003-0009697 F - Usufruit et amortissement

Unedited CRA Tags
248(3)

Principales Questions : Est-ce qu'un usufruitier peut réclamer la déduction pour amortissement relativement à un immeuble faisant l'objet de l'usufruit?
Whether a usufructuary can claim the capital cost allowance deduction on real property subject to a usufruct?

Position Adoptée : La réponse à cette question repose sur l'application du paragraphe 248(3) de la Loi de l'impôt sur le revenu (la " Loi ") en sa forme actuelle. Dans l'hypothèse où ce dernier paragraphe s'applique à l'usufruit, c'est la fiducie réputée qui peut réclamer la déduction pour amortissement. Dans le cas contraire, ni l'usufruitier ni le nu-propriétaire ne peuvent réclamer la déduction pour amortissement de l'alinéa 20(1)a) de la Loi.
The answer to this question revolves around the application of subsection 248(3) of the Income Tax Act (the "Act") in its actual form. Where subsection 248(3) of the Act in its actual form applies, the deemed trust could claim the capital cost allowance deduction. Where the current version of 248(3) would not apply, neither the usufructuary nor the bare owner would be entitled to claim the capital cost allowance deduction of paragraph 20(1)(a) of the Act.

22 July 2003 Internal T.I. 2003-0018027 F - Fondation du Liechtenstein

Unedited CRA Tags
Art. 94.1 et 95

Principales Questions: (1) Est-ce qu'une fondation du Liechtenstein (stiftung) constitue une fiducie pour les fins de la Loi? (2) Est-ce que l'article 94.1 de la Loi s'applique en l'espèce à l'égard de la participation détenue par un résident du Canada dans une fondation du Liechtenstein?

Position Adoptée: (1) Non; une stiftung sera considérée comme une société pour les fins de la Loi. (2) Non; l'article 94.1 ne s'applique pas à l'égard d'actions d'une " société étrangère affiliée contrôlée ".

22 July 2003 Internal T.I. 2003-00180270 F - Fondation du Liechtenstein

Unedited CRA Tags
Art. 94.1 et 95

Principales Questions: (1) Est-ce qu'une fondation du Liechtenstein (stiftung) constitue une fiducie pour les fins de la Loi? (2) Est-ce que l'article 94.1 de la Loi s'applique en l'espèce à l'égard de la participation détenue par un résident du Canada dans une fondation du Liechtenstein?

Position Adoptée: (1) Non; une stiftung sera considérée comme une société pour les fins de la Loi. (2) Non; l'article 94.1 ne s'applique pas à l'égard d'actions d'une " société étrangère affiliée contrôlée ".

26 June 2003 Internal T.I. 2002-01696070 F - Sécurité sociale française

Unedited CRA Tags
126(1) 126(7)

Position Adoptée: Dans ce cas oui.

26 June 2003 Internal T.I. 2002-0169607 F - Sécurité sociale française

Unedited CRA Tags
126(1) 126(7)

Position Adoptée: Dans ce cas oui.