2014-05-07 |
2 April 2014 External T.I. 2014-0521041E5 F - Application de 13(7.1) |
Income Tax Act - Section 13 - Subsection 13(7.1) |
no s. 13(7.4) election required where s. 13(7.1) applies |
2014-05-07 |
2 April 2014 External T.I. 2014-0521041E5 F - Application de 13(7.1) |
Income Tax Act - Section 13 - Subsection 13(7.4) |
general requirements for s. 13(7.4) to apply |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
Income Tax Act - Section 15 - Subsection 15(1) |
double income inclusion under s. 56(2) or (4) to consulting corporation, and under s. 15(1) to its shareholder, where consultant's options issued directly by client to shareholder |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
Income Tax Act - Section 56 - Subsection 56(2) |
s. 56(2) benefit where corporation implicitly consented to consultant's options being issued by client directly to its shareholder |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
Income Tax Act - Section 56 - Subsection 56(4) |
implicit transfer by corporation when stock options earned by it were issued directly by its client to its shareholder |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
Income Tax Act - Section 248 - Subsection 248(28) |
s. 248(28) does not prevent a double income inclusion to corporation under s. 56 and shareholder under s. 15 |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
Income Tax Act - Section 9 - Timing |
no s. 9(1) income inclusion from consultant being granted stock options until exercise |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
General Concepts - Fair Market Value - Options |
stock options with no in-the-money value could have nil FMV |
2014-05-07 |
11 March 2014 Internal T.I. 2013-0513221I7 F - Stock options |
Income Tax Act - Section 52 - Subsection 52(1) |
s. 15 benefit due to shareholder receipt of stock options earned by corporation added to the ACB of the exercised shares |
2014-05-07 |
3 April 2014 External T.I. 2013-0512371E5 F - Qualification des montants gagnés au jeu de poker |
Income Tax Act - Section 3 - Paragraph 3(a) - Business Source/Reasonable Expectation of Profit |
on-line poker winnings were from more than a pastime |
2014-04-30 |
27 March 2014 External T.I. 2014-0524851E5 F - Deemed year-end and CPCC status |
Income Tax Act - Section 249 - Subsection 249(3.1) |
Ekamant: s. 251(5)(b) does not vitiate actual control by share owner |
2014-04-30 |
27 March 2014 External T.I. 2014-0524851E5 F - Deemed year-end and CPCC status |
Income Tax Act - Section 251 - Subsection 251(5) - Paragraph 251(5)(b) |
sub of public corporation does not become CCPC until time of its actual acquisition of control |
2014-04-30 |
27 March 2014 External T.I. 2014-0520941E5 F - Industrial mineral mine and related expenditures |
Income Tax Act - Section 13 - Subsection 13(7.5) - Paragraph 13(7.5)(b) |
access road deemed to have been "acquired" |
2014-04-30 |
27 March 2014 External T.I. 2014-0520941E5 F - Industrial mineral mine and related expenditures |
Income Tax Regulations - Schedules - Schedule II - Class 17 |
access road to quarry was Class 17 property notwithstanding that not owned |
2014-04-30 |
27 March 2014 External T.I. 2014-0520941E5 F - Industrial mineral mine and related expenditures |
Income Tax Regulations - Regulation 1100 - Subsection 1100(1) - Paragraph 1100(1)(g) |
ordinary meaning of "mineral" |
2014-04-30 |
27 March 2014 External T.I. 2014-0520941E5 F - Industrial mineral mine and related expenditures |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Start-Up and Close-Down Expenditures |
expenditures deductible where incurred prior to acquisition decision |
2014-04-30 |
26 March 2013 External T.I. 2014-0523251E5 F - Acquisition of control and amalgamation |
Income Tax Act - Section 249 - Subsection 249(4) |
double taxation year ends where transactions occur on the closing date before acquisition and amalgamation |
2014-04-30 |
26 March 2013 External T.I. 2014-0523251E5 F - Acquisition of control and amalgamation |
Income Tax Act - Section 87 - Subsection 87(2) - Paragraph 87(2)(a) |
double taxation year ends where transactions occur on the closing date before acquisition and amalgamation |
2014-04-30 |
10 March 2014 Internal T.I. 2013-0493971I7 F - Application of section 120.4 |
Income Tax Act - 101-110 - Section 103 - Subsection 103(1.1) |
allocation of income to partner not responsible for expenses |
2014-04-30 |
10 March 2014 Internal T.I. 2013-0493971I7 F - Application of section 120.4 |
Income Tax Act - 101-110 - Section 103 - Subsection 103(1) |
income-splitting partnership terms |
2014-04-30 |
10 March 2014 Internal T.I. 2013-0493971I7 F - Application of section 120.4 |
Income Tax Act - Section 120.4 - Subsection 120.4(1) - Split Income - Paragraph (c) |
LP income not from property provision or services |
2014-04-23 |
12 November 2013 External T.I. 2012-0471621E5 F - Moving expenses - eligible relocation |
Income Tax Act - Section 248 - Subsection 248(1) - Eligible Relocation |
a multiple move may consist of one or more eligible relocations, and if there is one eligible relocation from Residence 1 to 3, the intermediate moving costs can be deductible |
2014-04-23 |
12 November 2013 External T.I. 2012-0471621E5 F - Moving expenses - eligible relocation |
Income Tax Act - Section 62 - Subsection 62(3) - Paragraph 62(3)(a) |
costs of moving pets by air could qualify |
2014-04-23 |
12 November 2013 External T.I. 2012-0471621E5 F - Moving expenses - eligible relocation |
Income Tax Act - Section 62 - Subsection 62(3) - Paragraph 62(3)(b) |
moving furniture to ultimate residence could qualify if not ordinarily residing at intermediate residence |
2014-04-23 |
12 November 2013 External T.I. 2012-0471621E5 F - Moving expenses - eligible relocation |
Income Tax Act - Section 62 - Subsection 62(3) |
reasonable gas expenses but not car tune-up costs can qualify |
2014-04-23 |
9 April 2014 External T.I. 2013-0503421E5 F - Transitional reserve |
Income Tax Act - Section 34.2 - Subsection 34.2(11) |
transitional adjustment where partnership loss in year 1 followed by 2 profitable years |
2014-04-23 |
12 February 2014 Internal T.I. 2013-0508841I7 F - Application of subsection 75(2) |
Income Tax Act - Section 75 - Subsection 75(2) |
s. 75(2) does not apply to attribute business losses allocated to the trust by an LP |
2014-04-23 |
17 December 2013 Internal T.I. 2013-0510111I7 F - Automobile mise à la disposition d'un employé |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(k) |
administrative office and third-party office in another city could both be workplaces |
2014-04-23 |
31 January 2014 External T.I. 2013-0500501E5 F - Indien - Retenues à la source - RPA |
Other Legislation/Constitution - Federal - Indian Act - Section 87 |
procedure for adjusting exempt portion of prior years’ RPP pension payments made to Indian |
2014-04-16 |
14 February 2014 External T.I. 2012-0454481E5 F - Safe Income |
Income Tax Act - Section 34.2 - Subsection 34.2(11) |
transitional reserve deduction is in taxpayer's discretion |
2014-04-16 |
14 February 2014 External T.I. 2012-0454481E5 F - Safe Income |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
not claiming s. 34.2(11) transitional reserve to increase SIOH |
2014-04-16 |
14 February 2014 External T.I. 2012-0454481E5 F - Safe Income |
Income Tax Act - Section 55 - Subsection 55(5) - Paragraph 55(5)(c) |
no departures permitted from s. 34.2 adjustments |
2014-04-16 |
11 October 2013 Roundtable, 2013-0499671C6 F - Actif d'impôts futurs / Future income tax assets |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
future income tax asset is not an asset – tax receivable is, but is an active business asset if it arose from active business |
2014-04-16 |
11 October 2013 Roundtable, 2013-0499671C6 F - Actif d'impôts futurs / Future income tax assets |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (c) - Subparagraph (c)(i) |
future income tax asset is not an asset/tax receivable can be used in an active business |
2014-04-09 |
26 February 2014 External T.I. 2013-0510921E5 F - Remboursement de frais médicaux à un employé |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
no need to demonstrate income production |
2014-04-09 |
3 March 2014 External T.I. 2014-0518791E5 F - Réinstallation admissible |
Income Tax Act - Section 248 - Subsection 248(1) - Eligible Relocation |
40-kilometre test is met if it is met going home from work but not to work |
2014-04-02 |
24 February 2014 External T.I. 2013-0505391E5 F - Clause de earnout renversé |
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(g) |
no capital gains reserve on reverse earn-out for a share sale |
2014-04-02 |
24 February 2014 External T.I. 2013-0505391E5 F - Clause de earnout renversé |
Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(a) - Subparagraph 40(1)(a)(iii) |
a sale price that is subject to a reverse earnout is not considered to be payable after the year (no reserve) |
2014-04-02 |
11 February 2014 External T.I. 2014-0517611E5 F - Actions d'une société agricole familiale |
Income Tax Act - Section 70 - Subsection 70(10) - Share of the Capital Stock of a Family Farm or Fishing Corporation - Paragraph (b) |
"principally" refers to the majority of years, so that active farming by deceased father could qualify shares, transferred years' thereafter, by passive child |
2014-04-02 |
7 March 2014 Internal T.I. 2013-0506671I7 F - Subparagraph 104(27)(d)(ii) and paragraph 60(j) |
Income Tax Act - 101-110 - Section 104 - Subsection 104(27) - Paragraph 104(27)(d) - Subparagraph 104(27)(d)(ii) |
flow-through pension benefit must have been an s. 60(j) eligible amount had it had been received directly |