Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: How does the Tsiaprailis decision impact the CRA's position in respect of the deductibility and requirement for income inclusion of a lump sum support payment?
Position: The Tsiaprailis decision does not change our position in respect of a lump sum support payment.
Reasons: The CRA's position with respect to this issue is set out in paragraphs 21 and 22 of Interpretation Bulletin IT-530R.
2005-0139731C6
Power, Karen
July 12, 2005
Institute of Chartered Accountants of Alberta Round Table Question:
Question 11 (d):
How does the Supreme Court of Canada decision in Tsiaprailis impact the CRA's position in respect of the deductibility and the requirement for income inclusion of a lump sum support payment?
Response:
The Tsiaprailis decision does not change our position in respect of the deductibility and the requirement for income inclusion of a lump sum support payment. The CRA's position with respect to this issue is set out in paragraphs 21 and 22 of Interpretation Bulletin IT-530R.
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