Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2015-08-05 29 April 2015 External T.I. 2014-0532691E5 F - Vente – immeuble - syndicat copropriétaire Income Tax Act - Section 15 - Subsection 15(1) distribution of gain to members of a condominium syndicate gave rise to a shareholder benefit
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) a syndicate of condominium co-owners could qualify as a s. 149(1)(l) corporation, so that a capital gain realized by it on a condo sale would be exempt
5 February 2015 External T.I. 2014-0526991E5 F - Émission d'un T2202A Income Tax Act - Section 118.5 - Subsection 118.5(1) - Paragraph 118.5(1)(a) tuition fees determined on accrual basis
Income Tax Act - Section 118.6 - Subsection 118.6(1) - Specified Educational Program determination of duration of enrolment
18 June 2015 External T.I. 2015-0572791E5 F - Société de personnes agricole familiale - BAA Income Tax Act - Section 110.6 - Subsection 110.6(1) - Interest in a Family Farm or Fishing Partnership - Paragraph (a) - Subparagraph (a)(i) relevance of harvesting in accordance with forest management plan
Income Tax Act - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(a) general discussion re woodlot
2015-07-29 4 November 2014 External T.I. 2014-0521211E5 F - Cartes-cadeau d'une chaîne de supermarchés Income Tax Act - Section 67.1 - Subsection 67.1(1) 50% limitation applicable to gift cards exchangeable at supermarket
5 November 2014 External T.I. 2014-0521891E5 F - Résidence principale et copropriété Income Tax Act - Section 40 - Subsection 40(4) overview of s. 40(4) rule
General Concepts - Ownership whether a tacit co-ownership agreement is respected is a private law issue
18 December 2014 External T.I. 2014-0523711E5 F - Allocation pour déménagement - achat de meubles Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) favourable policy on relocation allowances does not extend to costs of new goods
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) allowance that is capped at documented expenses might not be an allowance/reimbursing new furniture might be taxable benefit
5 November 2014 External T.I. 2014-0529991E5 F - Avantage pour automobile-personne liée Income Tax Act - Section 6 - Subsection 6(2) standby charge computed based on cost to auto owner which is related to employer
Income Tax Act - Section 251 - Subsection 251(2) - Paragraph 251(2)(b) - Subparagraph 251(2)(b)(i) control of non-share corp references who can appoint board
2015-07-22 24 June 2015 External T.I. 2015-0575911E5 F - Benefit to shareholder or conferred on a person Income Tax Act - Section 15 - Subsection 15(1.4) - Paragraph 15(1.4)(c) benefit only conferred on one shareholder (the husband) if wife of one of four sibling shareholders receives benefit
Income Tax Act - Section 246 - Subsection 246(1) benefit conferred on spouse of individual shareholder of parent
Income Tax Act - Section 56 - Subsection 56(2) benefit conferred on spouse of individual shareholder of parent
2015-07-15 11 June 2015 External T.I. 2014-0522641E5 F - Usufruct Income Tax Act - Section 108 - Subsection 108(7) creation of usufruct between father and son, resulting in deemed trust, did not entail property transfer to the deemed trust
Income Tax Act - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property termination of usufruct between father and son on farmland, which was a deemed trust, did not entail disposition of qualified farm property
Income Tax Act - Section 73 - Subsection 73(3) creation of usufruct between father and son entails transfer of trust interest, not farm property
2015-06-30 2 June 2015 External T.I. 2015-0570071E5 F - Attribution Rules Trust Income Tax Act - Section 74.4 - Subsection 74.4(2) application of s. 74.4(2) to family trust with minor beneficiaries after s. 51(1) freeze in favour of second family trust with same minor beneficiaries
2015-05-20 4 May 2015 External T.I. 2013-0502761E5 F - Stock Options and Earnout General Concepts - Fair Market Value - Shares FMV of shares at time of stock option exercise determined by valuing earn-out clause in subsequent sales agreement
Income Tax Act - Section 7 - Subsection 7(1) - Paragraph 7(1)(a) FMV of shares at time of stock option exercise determined by valuing earn-out clause in subsequent sales agreement
14 April 2015 External T.I. 2015-0570021E5 F - Présomption de gain en capital Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) application of safe harbour where holdco interposed before spin-off transaction
Income Tax Act - Section 55 - Subsection 55(3.01) - Paragraph 55(3.01)(g) application of safe harbour where holdco interposed before spin-off transaction
21 November 2014 External T.I. 2014-0536771E5 F - Supplément pour frais médicaux – Revenu modifié Income Tax Act - Section 122.6 - Cohabiting Spouse or Common-Law Partner surviving spouse is not living separate and apart from deceased spouse at year end
2015-05-13 2 April 2015 External T.I. 2015-0571501E5 F - Perte sur certains transferts Income Tax Act - Section 13 - Subsection 13(21.2) CCA claims made on hypothetical property while partnership is deemed to exist by s. 13(21.2)(f)
2015-04-29 4 March 2015 External T.I. 2014-0562151E5 F - Frais de psychothérapie – dépense d'entreprise Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose “but for” test applied to determine deductibility/potentially creditable item can instead be expense
Income Tax Act - Section 248 - Subsection 248(28) potential choice between claiming therapy expense and credit
20 February 2015 External T.I. 2014-0559501E5 F - pompiers volontaires Income Tax Act - Section 118.06 - Subsection 118.06(1) secondary services include emergency preparedness training and fire alarm verifications
4 March 2015 External T.I. 2014-0550761E5 F - 44(1) et disposition partielle Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(f) inclusion of insurance proceeds applied to building repair
Income Tax Act - Section 248 - Subsection 248(1) - Former Business Property part of building treated as former business property
Income Tax Act - Section 44 - Subsection 44(1) partial destruction of building
Income Tax Act - Section 54 - Proceeds of Disposition - Paragraph (f) insurance proceeds received for destruction of part of building: compensation for property damaged rather than destroyed
11 February 2015 External T.I. 2014-0550871E5 F - RAP situation particulière Income Tax Act - Section 146.01 - Subsection 146.01(1) - Regular Eligible Amount - Paragraph (b) interest in home passing on an intestacy and through gift could qualify
13 April 2015 External T.I. 2012-0449141E5 F - Usufruct Income Tax Act - Section 75 - Subsection 75(2) 75(2) applies to termination of usufruct
Income Tax Act - Section 107 - Subsection 107(2.1) 107(2.1) application to termination of usufruct created for valuable consideration
Income Tax Act - Section 248 - Subsection 248(3) application of trust provisions to creation of usufruct
5 March 2015 External T.I. 2014-0553241E5 F - Bornes de recharge – avantage imposable Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) no benefit from free car-charging station
4 February 2015 Internal T.I. 2014-0561571I7 F - Remboursement des frais d'activité physique Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) reimbursement of employee physical activity expenses is taxable benefit
10 March 2015 External T.I. 2014-0552551E5 F - Vente du droit d'exploiter une sablière Income Tax Act - Section 9 - Capital Gain vs. Profit - Real Estate application of capital gains criteria on woodlots to sale of rights to extract sand

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