Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2014-12-10 10 October 2014 APFF Roundtable Q. 27, 2014-0538211C6 F - 2014 APFF Roundtable, Q. 27 - Various issues re: administration of the Act Income Tax Act - Section 162 - Subsection 162(7.1) no T5013/T3 late filing penalty where filing after waiving of filing requirement
10 October 2014 October APFF Roundtable Q. 17, 2014-0538071C6 F - 2014 APFF Roundtable, Q. 17 - Related Group Income Tax Act - Section 251 - Subsection 251(3) related corporations whose shareholders are not all related
10 October 2014 October APFF Roundtable Q. 18, 2014-0538081C6 F - 2014 APFF Roundtable, Q. 18 - Connected corporations Income Tax Act - Section 186 - Subsection 186(2) test contemplates relative number of voting shares
2014-12-03 6 November 2014 External T.I. 2014-0528521E5 F - Payment of management fees by employer Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) taxable benefit on employer payment of RRSP (including LIRA) and TFSA fund management fees but not those of DPSPs or SERPs
Income Tax Act - Section 146 - Subsection 146(1) - Retirement Savings Plan LIRA treated as RRSP
15 October 2014 External T.I. 2014-0547551E5 F - Acquisition of Control Income Tax Act - Section 251.2 - Subsection 251.2(2) - Paragraph 251.2(2)(a) shrinking of CCPC control group likely was AOC if sufficiently material
Income Tax Act - Section 249 - Subsection 249(4) reduction in CCPC shareholders from 7 to 4 likely would result in AOC
2 October 2014 External T.I. 2013-0513281E5 F - Interaction entre 42(1) et 39(1)c) Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(c) s. 42(1)(b)(ii) payments currently do not qualify as BILs
Income Tax Act - Section 42 no deeming of s. 42(1)(b)(ii) loss to arise from the SBC shares, so that not a BIL
2014-11-26 10 October 2014 APFF Roundtable, 2014-0534811C6 F - Interest deductibility Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) no deductibility if permanent policy of not paying dividends
10 October 2014 APFF Roundtable, 2014-0534841C6 F - Majority-interest beneficiary Income Tax Act - Section 251.1 - Subsection 251.1(3) - Majority-interest beneficiary includes affiliates with no actual beneficial interest in trust
10 October 2014 APFF Roundtable Q. 20, 2014-0534671C6 F - D&D Livestock Income Tax Act - Section 245 - Subsection 245(4) unjustified duplication of fiscal attributes is abusive
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(b) - Subparagraph 55(2.1)(b)(i) CRA is concerned by planining that can result in an unjustified duplication of fiscal attributes including ACB
2014-11-19 30 June 2014 Internal T.I. 2013-0508411I7 F - Part IV Tax and the Dividend Refund Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(a) - Subparagraph 152(4)(a)(i) failure to circularly calculate Part IV tax and dividend refund is neglect given published TIs
Income Tax Act - Section 186 - Subsection 186(1) when to stop circular calculation for cross dividends arising after tuck under
6 October 2014 External T.I. 2014-0543751E5 F - Rollover of a part of an interest in a partnership Income Tax Act - Section 85 - Subsection 85(1.1) fractional partnership interest qualifies as eligible property
Income Tax Act - Section 248 - Subsection 248(1) - Property partnership interest is one property - but fraction thereof also is property if transferred
17 October 2014 Internal T.I. 2014-0535121I7 F - Hypothèque et créance irrécouvrable Income Tax Act - Section 50 - Subsection 50(1) second mortgagee not entitled to deduction as it did not exercise its remedies
10 October 2014 APFF Roundtable, 2014-0538021C6 F - Meaning of beneficiary Income Tax Act - Section 248 - Subsection 248(25) Propep applied: beneficiary under s. 55(5)(e)(ii) included beneficially interested per s. 248(25)(a)
Income Tax Act - Section 55 - Subsection 55(5) - Paragraph 55(5)(e) - Subparagraph 55(5)(e)(ii) beneficiary under s. 55(5)(e)(ii) includes beneficially interested under s. 248(25)(a)
10 October 2014 APFF Roundtable, 2014-0538141C6 F - Interest deductibility Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(ii) interest on mortgage assumed on devise of land to beneficiary considered as amount payable for the property
2014-11-12 25 September 2014 External T.I. 2013-0500911E5 F - Legal Expense - Pension Benefit Income Tax Act - Section 60 - Paragraph 60(o.1) legal expenses incurred to dispute proposed pension benefit reduction
2014-11-05 24 September 2014 External T.I. 2014-0543071E5 F - Article XIII of the Canada-France Treaty Treaties - Income Tax Conventions - Article 13 taxation by Canada and France of gain from immovable
2014-10-22 25 September 2014 External T.I. 2012-0451411E5 F - Mutual Holding Corporation Income Tax Act - Section 139.1 - Subsection 139.1(1) - Mutual Holding Corporation "holding" must be direct holding
Income Tax Act - Section 139.1 - Subsection 139.1(1) - Mutual Holding Corporation “holding” refers to direct holding/this purpose is a question of fact
2014-10-08 9 September 2014 External T.I. 2014-0530631E5 F - Alinéa 1100(1)a.1) du Règlement Income Tax Regulations - Regulation 1100 - Subsection 1100(1) - Paragraph 1100(1)(a.1) SR&ED respecting pharmaceuticals was manufacturing or processing
11 August 2014 Internal T.I. 2014-0528231I7 F - Dépenses en immobilisation en RS&DE Income Tax Regulations - Schedules - Schedule II - Class 29 R&D of manufacturing company constitutes manufacturing or processing for sale use if a salable product ultimately results
19 August 2014 External T.I. 2014-0529741E5 F - Frais afférents à un véhicule à moteur (chantiers) Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(h.1) usual places of work of an employee (which can be multiple locations based on where the employee reports for work) is each a place of business of the employer
27 August 2014 External T.I. 2014-0529221E5 F - Changement de méthode pour déclarer un gain Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(g) no reassessment to retroactively adopt a different earn-out recognition
Income Tax Act - Section 220 - Subsection 220(3.2) administrative policy on earnout calculation was not an election
2014-09-24 22 August 2014 External T.I. 2014-0540751E5 F - Acquisition of control Income Tax Act - Section 251 - Subsection 251(2) - Paragraph 251(2)(b) - Subparagraph 251(2)(b)(iii) cousins part of related control group while fathers alive
Income Tax Act - Section 256 - Subsection 256(7) - Paragraph 256(7)(a) addition of cousin to control group would taint it/cousins part of related control group while fathers alive
18 August 2014 External T.I. 2014-0540361E5 F - CDA and the deeming rules of 40(3.6) or 112(3) Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(b) ss. 112(3) and 40(3.6) stop-loss rules modify operation of s. 40(1)(b)
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account no capital loss for CDA purposes where ss. 112(3) and 40(3.6) stop-loss rules apply
14 July 2014 Internal T.I. 2014-0537701I7 F - Voluntary disclosure - T1134 and FAPI Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(a) - Subparagraph 152(4)(a)(i) no time limitation for s. 162(10) penalty
Income Tax Act - Section 162 - Subsection 162(10) s. 162(10) penalty for failure to file T1134s
Income Tax Act - Section 162 - Subsection 162(7) penalties under ss. 162(10), (10.1) or 163(2.4) for failure to file T1134s
Income Tax Act - Section 163 - Subsection 163(2.4) penalties for failure to file T1134s
Income Tax Act - Section 220 - Subsection 220(3.1) requirements where undisclosed FAPI
Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(b) - Subparagraph 152(4)(b)(iii) Ho acknowledged

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