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1999-10-29 |
21 September 1999 External T.I. 9915915 F - CONTRAT DE RENTE ET RPA |
Income Tax Act - Section 147.4 - Subsection 147.4(1) |
issuance of an annuity to distribute RPP’s actuarial surplus does not satisfy s. 147.4(1) |
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1999-10-01 |
10 September 1999 External T.I. 9901545 F - DIRECTORS LIABILITY - ABIL |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(g) - Subparagraph 40(2)(g)(ii) |
loss from debt of insolvent corporation that arose to directors as a result of their paying its GST was denied |
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1999-10-01 |
1 September 1999 External T.I. 9901805 F - CONCESSION FORESTIERE |
Income Tax Regulations - Schedules - Schedule VI - Section 5 |
merchantable timber refers to marketable trees |
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1999-10-01 |
1 September 1999 External T.I. 9901805 F - CONCESSION FORESTIERE |
Income Tax Regulations - Schedules - Schedule VI - Section 1 - Paragraph 1(a) - Subparagraph 1(a)(i) |
only timber from cut trees that will eventually be sold is taken into account |
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1999-10-01 |
1 September 1999 External T.I. 9901805 F - CONCESSION FORESTIERE |
Income Tax Regulations - Schedules - Schedule VI - Section 2 - Paragraph 2(b) |
timber that is measured is merchantable timber |
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1999-10-01 |
1 September 1999 External T.I. 9903265 F - ACTIONS ACCREDITIVES |
Income Tax Act - Section 66 - Subsection 66(15) - Flow-Through Share |
flow-through share can be issued pursuant to a subscription agreement signed by the broker as agent |
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1999-10-01 |
1 September 1999 External T.I. 9903265 F - ACTIONS ACCREDITIVES |
General Concepts - Agency |
the tax consequences of a transaction are to be determined as treating the agreement of an agent as that of issued pursuant to a subscription agreement signed by the broker as agent |
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1999-10-01 |
2 September 1999 External T.I. 9909015 F - COUT EN CAPITAL D'UNE PCMC |
Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - A |
capital cost of film determined in accordance with GAAP |
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1999-10-01 |
2 September 1999 External T.I. 9909015 F - COUT EN CAPITAL D'UNE PCMC |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
provincial capital tax is deductible |
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1999-09-17 |
27 August 1999 External T.I. 9828785 F - PAPILLON |
Income Tax Act - Section 55 - Subsection 55(3.1) - Paragraph 55(3.1)(c) |
if the butterfly was effected on a net FMV basis, so too should the application of the 10% test |
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1999-09-17 |
2 September 1999 Internal T.I. 9919677 F - DEDUCTION EN VERTU DE L'ALINEA 60J.04) |
Income Tax Act - Section 60 - Paragraph 60(j.04) |
repayment should not exceed the payer’s income |
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1999-09-17 |
31 August 1999 External T.I. 9921895 F - TRANSFERT D'ALLOCATION DE RETRAITE |
Income Tax Act - Section 60 - Paragraph 60(j.1) - Subparagraph 60(j.1)(ii) - Clause 60(j.1)(ii)(B) |
detailed example of s. 60(j.1)(ii)(B) where 50% vesting |
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1999-09-03 |
27 August 1999 External T.I. 9830385 F - INTERACTION OF SECTION OF THE ACTS 11O.6(19) |
Income Tax Act - Section 110.6 - Subsection 110.6(19) |
benefit of s. 110.6(19) election is lost on a depreciable property’s transfer on an s. 70(6) or 85(1) rollover basis |
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1999-09-03 |
27 August 1999 External T.I. 9830385 F - INTERACTION OF SECTION OF THE ACTS 11O.6(19) |
Income Tax Act - Section 85 - Subsection 85(1) - Paragraph 85(1)(a) |
s. 85(1) rollover of depreciable property at its cost amount obliterates the ACB increase from an s. 110.6(19) election |
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1999-09-03 |
30 August 1999 External T.I. 9916975 F - TRANSFERT D'ALLOCATION DE RETRAITE |
Income Tax Act - Section 5 - Subsection 5(1) |
employee on 5-year parental leave could still be an employee if subject to the employer’s directives |
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1999-09-03 |
27 August 1999 External T.I. 9917925 F - OSBL -FILIALE ET C I I |
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) |
holding taxable sub does not preclude NPO status |
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1999-09-03 |
27 August 1999 External T.I. 9917925 F - OSBL -FILIALE ET C I I |
Income Tax Act - Section 127 - Subsection 127(9) - Investment Tax Credit |
taxable sub of NPO can claim ITCs but is an excluded corp |
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1999-09-03 |
23 August 1999 External T.I. 9922205 F - REGIME D'ACCESSION A LA PROPRIETE |
Income Tax Act - Section 146.01 - Subsection 146.01(1) - Regular Eligible Amount - Paragraph (e) |
question of fact whether a temporary housing unit was a principal place of residence |
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1999-08-20 |
6 August 1999 External T.I. 9831115 F - PRODUIT DE DISPOSITION BIA - RÉDUCTION |
Income Tax Act - Section 14 - Subsection 14(5) - Cumulative Eligible Capital - Variable E |
maximum amount of variable proceeds was included under E(a) |
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1999-08-20 |
4 August 1999 External T.I. 9908235 F - PARAGRAPHE 112(3.2) - REGLE TRANSITOIRE |
Income Tax Act - Section 112 - Subsection 112(3.2) |
correspondence with insurance company could demonstrate main purpose of policy |
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1999-08-20 |
9 August 1999 External T.I. 9915645 F - PARAGRAPHES 104(13.1) ET 112(3.2) |
Income Tax Act - Section 112 - Subsectiom 112(3.32) |
for s. 112(3.32) to apply, an individual must receive the taxable dividends from a direct beneficiary of the trust |
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1999-08-20 |
28 July 1999 External T.I. 9920535 F - FRAIS JUDICIAIRES |
Income Tax Act - Section 60 - Paragraph 60(o.1) |
accountant’s fee for advice on retiring allowance is non-deductible |
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1999-08-20 |
28 July 1999 External T.I. 9920535 F - FRAIS JUDICIAIRES |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) |
personal financial planning services are not deductible |
