Income Tax Severed Letters - 2021-01-27

Technical Interpretation - External

2 December 2020 External T.I. 2017-0734261E5 - Charitable Remainder Trusts

Unedited CRA Tags
118.1(1); 118.1(4); 118.1(4.1); 118.1(5); 118.1(5.1); 248(5)
Summary Under
Tax Topics - Income Tax Act - Section 118.1 - Subsection 118.1(5.1) - Paragraph 118.1(5.1)(b)
will-directed formation by a GRE of a charitable remainder trust cannot benefit the deceased’s terminal return under s. 118.1(5.1)(b)
Summary Under
Tax Topics - Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Charitable Gifts - Paragraph (c) - Subparagraph (c)(i) - Clause (c)(i)(C)
rule inapplicable to testamentary creation of charitable remainder trust

Principal Issues: Whether the equitable interest in the CRT should be characterized as property that is substituted for the remainder interest in the property owned at the time of death that is received by the GRE on and as a consequence of the death of the individual.

Position: No.

Reasons: The law. See comments below.

22 June 2020 External T.I. 2020-0848721E5 F - SSUC - Entité déterminée et institution publique

Unedited CRA Tags
149(1)(a), 149(1)(b), 149(1)(c), 149(1)(d) to (d.6), 149(1.1), 125.7(1), 125.7(2)
Summary Under
Tax Topics - Income Tax Act - Section 149 - Subsection 149(1.1)
example of application of s. 149(1.1)

Principales Questions: Est-ce que l'entité est admissible à la SSUC? / Is the entity eligible for the CEWS?

Position Adoptée: Question de fait. / Question of fact.

Raisons: Ça dépend si l'entité est une institution publique ou non. Des commentaires généraux sont fournis pour aider à déterminer si l'entité est une institution publique ou non. / It depends if it is a public institution or not. General comments are provided to help determine if the entity is a public institution or not.

18 June 2020 External T.I. 2020-0846261E5 - CEWS and TWS - public institution

Unedited CRA Tags
149(1)(a) to (d.6), 149(1.1), 125.7(1), 153(1), 153(1.02), 153(1.03)

Principal Issues: 1- Are the entities eligible to the CEWS?
2- Are the entities eligible to the TWS?

Position: 1- Question of fact.
2- If all the conditions are met, they should be eligible.

Reasons: 1- It depends if they are a public institution or not. General comments are provided to help determine if the entities are a public institution or not.
2- If the entities are a registered charity or a NPO, it should be eligible if all the other conditions are met.