2003-07-11 |
27 June 2003 External T.I. 2003-0019095 F - RACHAT DE SERVICES PASSES |
Income Tax Act - Section 147.2 - Subsection 147.2(4) - Paragraph 147.2(4)(c) |
overview of ss. 147.2(4)(b) and (c) |
2003-07-11 |
25 June 2003 External T.I. 2003-0024465 F - PARTIE XI.1 BIENS NON-ADMISSIBLES |
Income Tax Act - Section 207.1 - Subsection 207.1(1) |
no discretion in CCRA to waive the tax under s. 207.1 |
2003-07-11 |
30 June 2003 External T.I. 2003-0182875 F - TRANSFERT DE POLICE D'ASSURANCE |
Income Tax Act - Section 15 - Subsection 15(1) |
benefit where permanent life or critical illness policy transferred gratuitously to shareholder as new policyholder |
2003-07-11 |
30 June 2003 External T.I. 2003-0182875 F - TRANSFERT DE POLICE D'ASSURANCE |
Income Tax Act - Section 148 - Subsection 148(9) - Adjusted Cost Basis |
ACB bump on policy distribution to shareholder equal to s. 15 benefit excess over CSV |
2003-07-11 |
30 June 2003 External T.I. 2003-0182875 F - TRANSFERT DE POLICE D'ASSURANCE |
Income Tax Act - Section 52 - Subsection 52(1) |
ACB bump on policy distribution to shareholder equal to s. 15 benefit in excess of ACB otherwise determined – even in absence of s. 52(1) |
2003-07-08 |
7 July 2003 External T.I. 2001-0091415 F - Income & Losses from Bus. or Prop. Sec. 9 ITA |
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(a) |
prepaid crypt fees of funeral home were includible under s. 12(1)(a) |
2003-07-08 |
7 July 2003 External T.I. 2001-0091415 F - Income & Losses from Bus. or Prop. Sec. 9 ITA |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(m) |
prepaid crypt fees of funeral home were ineligible for s. 20(1)(m) reserve |
2003-07-08 |
26 June 2003 External T.I. 2003-0021595 F - Distribution of Corporate Property |
Income Tax Act - 101-110 - Section 107 - Subsection 107(2.1) |
illustration of application, by virtue of s. 107(2.001) election, of s. 107(2.1) to distribution of CCPC shares |
2003-07-08 |
26 June 2003 External T.I. 2003-0021595 F - Distribution of Corporate Property |
Income Tax Act - Section 84 - Subsection 84(2) |
s. 84(2) inapplicable to s. 107(2.1) wind-up of trust holding a Portfolioco followed by an inter vivos pipeline transaction re Portfolioco |
2003-07-08 |
26 June 2003 External T.I. 2003-0021595 F - Distribution of Corporate Property |
Income Tax Act - Section 55 - Subsection 55(1) - Safe-Income Determination Time |
s. 107(2.1) wind-up of trust holding a Portfolioco would trigger a safe-income determination time if with a view to an inter vivos pipeline transaction with a s. 88(2) wind-up of Portfolioco |
2003-07-08 |
16 July 2003 Internal T.I. 2003-0024617 F - DEDUCTIBILITE DES COTISATIONS CSST |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(e) |
estimated workers’ compensation premium liabilities were currently deductible |
2003-07-04 |
29 May 2003 External T.I. 2002-0160795 F - Crédit d'impôt étranger et pertes |
Income Tax Act - Section 20 - Subsection 20(12) |
whether to amend a return to permit a s. 20(12) deduction where a loss carryback to that year has eliminated the s. 126(1) credit is in the CRA’s discretion |
2003-07-04 |
24 June 2003 External T.I. 2002-0169405 F - Projet d'ingénierie |
Income Tax Act - Section 122.3 - Subsection 122.3(1) - Paragraph 122.3(1)(b) - Subparagraph 122.3(1)(b)(i) - Clause 122.3(1)(b)(i)(B) |
training activity was not an “engineering activity” |
2003-07-04 |
24 June 2003 External T.I. 2002-0177145 F - AVANTAGE IMPOSABLE - REPAS |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
requirement to watch the children did not detract from taxability of free lunch |
2003-07-04 |
4 June 2003 Internal T.I. 2003-0006967 F - Province de résidence d'une fiducie |
Income Tax Act - Section 2 - Subsection 2(1) |
Thibodeau applied to find that trust with Quebec trustee therefore was resident in Quebec |
2003-07-04 |
4 June 2003 Internal T.I. 2003-0006967 F - Province de résidence d'une fiducie |
Income Tax Act - Section 120 - Subsection 120(2) |
Quebec abatement available even where no Quebec tax was payable on the income (due to abuse of s. 104(13.1) election) |
2003-07-04 |
4 June 2003 Internal T.I. 2003-0006967 F - Province de résidence d'une fiducie |
Income Tax Act - Section 245 - Subsection 245(1) - Tax Benefit |
scheme generating Quebec abatement without payment of any Quebec tax did not result in a “tax benefit” |
2003-07-04 |
4 June 2003 Internal T.I. 2003-0006967 F - Province de résidence d'une fiducie |
Income Tax Act - Section 75 - Subsection 75(2) |
s. 75(2)(a)(i) inapplicable re settlor being beneficiary of trust beneficiary’s estate/ s. 75(2)(b) inapplicable re power of settlor to replace trustees |
2003-06-27 |
24 June 2003 External T.I. 2002-0176475 F - DOMMAGES-INTERETS PROFESSIONEL |
Income Tax Act - Section 8 - Subsection 8(2) |
personal liability for damages in excess of liability coverage not deductible given s. 8(2) |
2003-06-27 |
24 June 2003 External T.I. 2002-0176475 F - DOMMAGES-INTERETS PROFESSIONEL |
Income Tax Act - Section 8 - Subsection 8(5) - Paragraph 8(5)(b) |
professional liability insurance premiums deductible under s. 8(5)(b) |
2003-06-27 |
23 June 2003 External T.I. 2003-0004795 F - TRANSPORT AU LIEU D'EMPLOI |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
mandatory employer-provided transport from staging area along difficult road to remote mine was not a taxable benefit |
2003-06-27 |
19 June 2003 Internal T.I. 2003-0021297 F - LOI SUR L'ACCISE PENALITES INTERETS |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
GST/HST interest deductible if incurred re deductible expenditure/ penalties may also be deductible |
2003-06-27 |
19 June 2003 Internal T.I. 2003-0021297 F - LOI SUR L'ACCISE PENALITES INTERETS |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(t) |
GST/HST interest and penalties are deductible based on application of ordinary principles |
2003-06-20 |
16 June 2003 Internal T.I. 2003-0007867 F - COMPENSATION LORS DU DECES D'UN PARENT |
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2003-06-20 |
16 June 2003 Internal T.I. 2003-0007867 F - COMPENSATION LORS DU DECES D'UN PARENT |
Income Tax Act - Section 81 - Subsection 81(1) - Paragraph 81(1)(g.1) |
compensation for loss of financial support due to parental death did not qualify |
2003-06-20 |
10 June 2003 External T.I. 2003-0017065 F - Disp. of Property owned on Dec 31, 71 |
Income Tax Act - Section 85 - Subsection 85(5) |
the capital cost is not reduced by s. 85(5) for non-CCA/recapture purposes |
2003-06-20 |
10 June 2003 External T.I. 2003-0017065 F - Disp. of Property owned on Dec 31, 71 |
Income Tax Application Rules - Subsection 20(1) |
2 detailed examples of the application of ITAR 20(1) |
2003-06-20 |
10 June 2003 External T.I. 2003-0018915 F - Attribution - Transfers & Loans to Corp. |
Income Tax Act - Section 74.5 - Subsection 74.5(6) |
s. 74.5(6) applied to an estate-freeze exchange by individual’s Holdco of Opco common shares for preferred shares so that family trust could subscribe for Opco common shares |
2003-06-20 |
12 June 2003 External T.I. 2003-0019725 F - Sale of Holding' Shares to OPCO |
Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c) |
3 unrelated individuals likely acting in concert where they act without separate interests to achieve a basis step-up re transactions that are irrelevant to the business of the other party (Opco) |
2003-06-20 |
12 June 2003 External T.I. 2003-0019725 F - Sale of Holding' Shares to OPCO |
Income Tax Act - Section 84.1 - Subsection 84.1(1) |
s. 84.1 likely applicable re transaction in which 3 unrelated individuals act in concert to step up shares in Opco |
2003-06-20 |
16 June 2003 External T.I. 2003-0020895 F - Association/Convertible Property |
Income Tax Act - Section 256 - Subsection 256(1.4) - Paragraph 256(1.4)(a) |
where multiple debenture holders hold convertible debentures, s. 256(1.4)(a) is to be applied as if all the debentures were exercised (so that each debenture holder is diluted by the others) |
2003-06-20 |
16 June 2003 External T.I. 2003-0020895 F - Association/Convertible Property |
Income Tax Act - Section 251 - Subsection 251(5) - Paragraph 251(5)(b) |
where multiple debenture holders hold convertible debentures, s. 256(1.4)(a) is to be applied as if all the debentures were exercised simultaneously |
2003-06-20 |
13 June 2003 External T.I. 2003-0184285 F - ALLOCATION DE RETRAITE |
Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance |
if no guarantee or offer of new employment, the individual has retired |
2003-06-13 |
11 June 2003 External T.I. 2002-0175975 F - TRANSFERT-ENT. EXPLOITEE ACTIVEMENT |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(14) - Paragraph 110.6(14)(f) - Subparagraph 110.6(14)(f)(ii) |
application of 24-month test where assets of business transferred to partnership of individuals, transferred to corporation under s. 95(2), partnership wound-up under s. 98(3) and shares sold |
2003-06-13 |
11 June 2003 External T.I. 2002-0175975 F - TRANSFERT-ENT. EXPLOITEE ACTIVEMENT |
Income Tax Act - Section 79.1 - Subsection 79.1(6) - Paragraph 79.1(6)(b) |
meaning of expenses incurred to protect creditor's rights |
2003-06-13 |
13 June 2003 External T.I. 2002-0177045 F - BOISSONS OFFERTES AUX EMPLOYES |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
FMV of free beverages marketed by employer and provided to its employees included in their income |
2003-06-13 |
13 June 2003 External T.I. 2002-0177045 F - BOISSONS OFFERTES AUX EMPLOYES |
Income Tax Act - Section 67.1 - Subsection 67.1(2) - Paragraph 67.1(2)(d) |
FMV of free beverages provided to employees included in their income, so that cost of beverages to employer deductible from its income |
2003-06-13 |
27 May 2003 Internal T.I. 2003-0005357 F - TRANSFERT DE PROPRIETE EFFECTIVE |
Income Tax Act - Section 248 - Subsection 248(1) - Disposition - Paragraph (e) |
whether a preliminary transfer of shares of the target to spouse represented a disposition to her turned on whether there was a transfer of ownership under the Civil Code |
2003-06-13 |
15 May 2003 Internal T.I. 2003-0014507 F - DEDUCTIBILITE DES INTERETS |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
interest deductible on money borrowed to acquire non-dividend-paying common shares |
2003-06-13 |
3 June 2003 Internal T.I. 2003-0181487 F - DEDUCTIBILITE DES INTERETS GARANTIE |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
guarantee of wholly-owned corporation’s debt given for income-producing purpose is satisfied with borrowed money on which interest may be deductible |