Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2014-09-03 7 August 2014 External T.I. 2014-0528841E5 F - Changement à une résidence principale Income Tax Act - Section 45 - Subsection 45(1) - Paragraph 45(1)(c) addition of a door to an exterior wall could be considered a structural change triggering a change of use
Income Tax Act - Section 15 - Subsection 15(1) taxable benefit if renovations paid for by tenant-corporation increase the FMV of property to owner-shareholder
Income Tax Regulations - Regulation 1102 - Subsection 1102(5) Reg. 1102(5) not applicable where door added by tenant to basement rental property
2014-08-20 7 July 2014 External T.I. 2014-0518561E5 F - Superficial loss Income Tax Act - Section 54 - Superficial Loss shares of Holdco as identical property to shares of Opco/transferred corporation wound-up but not dissolved within 30 days
Income Tax Act - Section 88 - Subsection 88(1) transferred corporation wound-up but not dissolved within 30 days
27 June 2014 External T.I. 2013-0500701E5 F - Déductibilité de certaines dépenses Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose distinction between principal and secondary reason for incurring expense
2014-08-13 27 June 2014 External T.I. 2013-0498191E5 F - Interaction entre 55(2) et l'impôt de partie IV Income Tax Act - Section 186 - Subsection 186(1) - Paragraph 186(1)(b) Part IV tax on cross-redemptions takes into account the Part I tax (and RDTOH addition) generated by s. 55(2) application thereto
Income Tax Act - Section 55 - Subsection 55(2) s. 55(2) tax on cross-redemption deemed dividends between connected CCPCs gave rise to circular Part IV tax
2 July 2014 External T.I. 2014-0529731E5 F - Stop-loss Rules Income Tax Act - Section 40 - Subsection 40(3.4) taxpayer able to designate sourcing of disposed-of shares/illustration of application of CRA formula
2014-07-30 9 July 2014 External T.I. 2014-0527591E5 F - Résidence principale Income Tax Act - Section 54 - Principal Residence - Paragraph (a) housing unit rented to son and unrelated roommate potentially could qualify as principal residence
2014-07-23 30 June 2014 External T.I. 2014-0522181E5 F - Legal status of partnership and application of 98(6) Income Tax Act - Section 98 - Subsection 98(6) rollover on dissolution of general partner
2014-07-16 23 June 2014 External T.I. 2014-0528271E5 F - Terrain « adjacent » à la résidence principale Income Tax Act - Section 54 - Principal Residence meaning of immediately contiguous lands
27 June 2014 External T.I. 2014-0527341E5 F - Sociétés publiques aux fins de SPCC Income Tax Act - Section 89 - Subsection 89(1) - Public Corporation Crown corporations not deemed to be public corporations
27 June 2014 External T.I. 2014-0526931E5 F - Vente d'une liste de clients par un employé Income Tax Act - Section 14 - Subsection 14(5) - Eligible Capital Expenditure payment to departing employee for customer list was on capital account
Income Tax Act - Section 6 - Subsection 6(3) - Paragraph 6(3)(e) payment to departing employee for customer list was deemed income under s. 6(3)
26 June 2014 External T.I. 2014-0523871E5 F - Revenu d'entreprise agricole Income Tax Act - Section 248 - Subsection 248(1) - Farming legume germination production as farming
Income Tax Act - Section 12 - Subsection 12(10.2) government contributions and accrued interest in AgriInvest and Agri-Québec accounts are taxable when withdrawn
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(p) withdrawals from the AgriStability account are taxable as farm business income
2014-07-02 14 April 2014 Internal T.I. 2013-0516151I7 F - Article XIII(4) of the Canada-XXXXXXXXXX Convention Treaties - Income Tax Conventions - Article 13 partnerships holding Quebec real estate were transparent for purposes of Treaty "consists of" test
3 June 2014 External T.I. 2013-0503511E5 F - Discretionary Dividend Shares Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(7) discretionary dividend prefs used to extract excess cash
2014-06-25 23 May 2014 External T.I. 2014-0518921E5 F - Calcul de l'élément A du MCIA Income Tax Act - Section 14 - Subsection 14(5) - Cumulative Eligible Capital A.1 of A reduction does not apply in year of sale
27 May 2014 Internal T.I. 2014-0521631I7 F - Déductibilité d'un alcoomètre Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose not necessary to show that expenditure generated income - and potential deduction where 20% personal use
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) full personal element if the expense would have otherwise been paid by the employee
3 June 2014 External T.I. 2014-0518911E5 F - Grand routier / long-haul truck Income Tax Act - Section 67.1 - Subsection 67.1(5) - Long-haul truck weight reference is to loaded weight determined by manufacturer
2014-06-18 28 May 2014 External T.I. 2013-0486111E5 F - RRSP, prohibited investment Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage no advantage on s. 51 exchange
Income Tax Act - Section 207.01 - Subsection 207.01(13) s. 51 exchange of transitional prohibited property does not trigger s. 207.04(1) tax
Income Tax Act - Section 207.05 - Subsection 207.05(4) s. 207.05(4) status is preserved following s. 51 exchange
20 May 2014 External T.I. 2013-0516121E5 F - Debt forgiveness Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(x) - Subparagraph 12(1)(x)(iv) BIA settlement of GST interest and penalties included under s. 12(1)(x)(iv)
Income Tax Act - Section 12 - Subsection 12(2.2) s. 12(1)(x)(iv) inclusion from BIA settlement of GST interest and penalties could be offset against related expense
Income Tax Act - Section 248 - Subsection 248(26) unremitted GST and QST were not obligation "issued" by debtor
Income Tax Act - Section 80 - Subsection 80(1) - Commercial Debt Obligation BIA settlement of unremitted GST interest
Income Tax Act - Section 9 - Forgiveness of Debt BIA settlement of unremitted GST on sales was on capital account
29 May 2014 External T.I. 2014-0520851E5 F - Deferred Salary Leave Plan Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(a)(iv) - Clause 6801(a)(iv)(B) no requirement for employer to provide a return on the deferred amounts
Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(a)(i) terms cannot provide for voluntary withdrawal of employee except where hardship
2014-06-04 12 May 2014 External T.I. 2013-0503531E5 F - Discretionary Dividends Shares Income Tax Act - Section 85 - Subsection 85(1.3) grandchild wholly owned by individual directy and through immediate subsidiary is wholly-owned corporation
14 November 2013 Internal T.I. 2013-0485331I7 F - REÉR et revenu d'un Indien Other Legislation/Constitution - Federal - Indian Act - Section 87 RPP benefits exempt if contributions exempt/RRSP withdrawals exempt if contributions not deductible
22 May 2014 External T.I. 2014-0519811E5 F - Droit d'usage au Québec pré-1991 Income Tax Act - Section 54 - Principal Residence usufructuary of duplex unit (with her right acquired pre-1991) entitled to claim principal residence exemption on post-1991 disposition
General Concepts - Ownership usufructuary of duplex unit was de facto owner thereof
Income Tax Act - Section 248 - Subsection 248(3) effective grandfathering of right as usufructuary which arose before 1991
18 December 2013 Internal T.I. 2012-0472211I7 F - Voyages offerts par une compagnie Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) Caribbean sales incentive trip provided to incorporated sales reps represents a benefit to them from their corporation

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