2014-01-29 |
14 January 2014 External T.I. 2012-0453871E5 F - Pension Real Estate Corporation |
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(o.2) - Subparagraph 149(1)(o.2)(ii) |
ancillary non-real estate investments by an (o.2)(ii) corporation are permitted |
2014-01-29 |
4 November 2013 External T.I. 2012-0465231E5 F - Revenu d'emploi d'un Indien |
Other Legislation/Constitution - Federal - Indian Act - Section 87 |
location of actual direction and administration of the employer on the reserve, as well as main place of employees’ abode there are important connecting factors |
2014-01-29 |
27 September 2013 External T.I. 2012-0472981E5 F - Chantier part. - nature temporaire |
Income Tax Act - Section 6 - Subsection 6(6) - Paragraph 6(6)(a) |
application of 2-year posting test to determining whether "duties … of a temporary nature" |
2014-01-29 |
11 October 2013 Roundtable, 2013-0495591C6 F - Déplacement entre résidence et chantier |
Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(h.1) |
employer-requested travel to and from employee’s residence and a non-usual place of work is non-personal |
2014-01-29 |
11 October 2013 Roundtable, 2013-0495701C6 F - Financement participatif |
Income Tax Act - Section 9 - Nature of Income |
crowdfunding amounts received by an entrepreneur are prima facie business income |
2014-01-29 |
17 July 2013 External T.I. 2012-0473261E5 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 |
future (or deferred) income tax asset is not an asset until it becomes receivable, whereupon it may be attributable to active business |
2014-01-29 |
17 July 2013 External T.I. 2012-0473261E5 F - Actif d'impôts futurs / Future income tax assets |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
tax receivable arising from carryback of NCL is active business asset cf. future tax asset |
2014-01-29 |
11 October 2013 APFF Roundtable, 2013-0495651C6 F - Revenu fractionné |
Income Tax Act - Section 120.4 - Subsection 120.4(1) - Split Income - Paragraph (c) |
streaming of non-split income to child discretionary beneficiary and split income to mother |
2014-01-29 |
11 October 2013 APFF Roundtable, 2013-0495651C6 F - Revenu fractionné |
Income Tax Act - 101-110 - Section 104 - Subsection 104(13) |
streaming of split and non-split income between trust beneficiaries |
2014-01-22 |
6 January 2014 External T.I. 2013-0512041E5 F - Dividend Designation under subsection 89(14) |
Income Tax Act - Section 89 - Subsection 89(14) |
designation can be on all (rather than just part) of the dividend |
2014-01-22 |
9 December 2013 External T.I. 2013-0507931E5 F - Financing fees |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Financing Expenditures |
intragroup cash pool utilization fees are capital expenditures |
2014-01-22 |
9 December 2013 External T.I. 2013-0507931E5 F - Financing fees |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e.1) |
annual internal cash pool utilization fees likely are deductible under s. 20(1)(e.1) |
2014-01-22 |
9 December 2013 External T.I. 2013-0507931E5 F - Financing fees |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e) |
cash pool utilization fees could be deductible under s. 20(1)(e) |
2014-01-22 |
3 January 2014 External T.I. 2013-0514021E5 F - Subsection 55(2) - redemption of shares |
Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) |
dividend recipient unrelated to nephew's company; "small" percentage not "significant;" previous estate freeze might be part of series |
2014-01-22 |
18 December 2013 External T.I. 2011-0414841E5 F - All interests vested indefeasibly |
Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Trust - Paragraph (g) |
s. 75(2) trust made non-discretionary to avoid 21-year rule |
2014-01-15 |
15 October 2013 External T.I. 2013-0498001E5 F - Transfert de sommes inutilisées entre régimes |
Income Tax Act - Section 248 - Subsection 248(1) - Private Health Services Plan |
transfer from individual healthcare spending account to another PHSP is permitted |
2014-01-15 |
28 November 2013 External T.I. 2013-0504221E5 F - Fin d'années réputées |
Income Tax Act - Section 249 - Subsection 249(3.1) |
Amalco not a continuation of predecessors for election purposes/ "immediately before" treated as one minute before |
2014-01-15 |
8 October 2013 External T.I. 2011-0428931E5 F - Assurance-invalidité |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
non-deductibility of disability insurance premiums |
2014-01-15 |
8 October 2013 External T.I. 2011-0428931E5 F - Assurance-invalidité |
Income Tax Act - Section 9 - Exempt Receipts/Business |
proceeds received as a result of business credit card insurance were not income |
2014-01-15 |
15 October 2013 Internal T.I. 2013-0491951I7 F - Travaux en cours au moment du retrait d'un associé |
Income Tax Act - Section 34 |
no new s. 34 election required if s. 98(6) or (5) applies/election can be made in income reconciliation |
2014-01-15 |
18 December 2013 External T.I. 2013-0479421E5 F - Section 30 and Cranberry Farm |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense |
initial cranberry plant planting is a cost of land |
2014-01-15 |
18 December 2013 External T.I. 2013-0479421E5 F - Section 30 and Cranberry Farm |
Income Tax Act - Section 30 |
costs of clearing, levelling and draining lands, but not of constructing basins, for a cranberry farm are currently deductible |
2014-01-15 |
18 December 2013 External T.I. 2013-0479421E5 F - Section 30 and Cranberry Farm |
Income Tax Regulations - Schedules - Schedule II - Class 17 - Paragraph 17(c) |
costs of constructing cranberry farm basins included in Class 17 |
2014-01-15 |
18 December 2013 External T.I. 2013-0479421E5 F - Section 30 and Cranberry Farm |
Income Tax Regulations - Schedules - Schedule II - Class 6 |
costs of constructing irrigation pond included |
2014-01-15 |
18 December 2013 External T.I. 2013-0479421E5 F - Section 30 and Cranberry Farm |
Income Tax Regulations - Schedules - Schedule II - Class 8 |
irrigation system included, drainage costs deductible under s. 30 |
2014-01-15 |
30 October 2013 External T.I. 2013-0500831E5 F - Frais de bureau à domicile |
Income Tax Act - Section 8 - Subsection 8(13) |
inapplicable where corporation uses its individual shareholder's office |
2014-01-15 |
30 October 2013 External T.I. 2013-0500831E5 F - Frais de bureau à domicile |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
to deduct applicable home expenses, individual shareholder must charge rent to corporation using home office |
2014-01-15 |
30 October 2013 External T.I. 2013-0500831E5 F - Frais de bureau à domicile |
Income Tax Act - Section 45 - Subsection 45(1) - Paragraph 45(1)(c) |
incidental rental use of home does not result in part disposition |
2014-01-15 |
12 November 2013 Internal T.I. 2013-0497611I7 F - Feuillet T1204 |
Income Tax Regulations - Regulation 237 - Subsection 237(2) |
T1204 disclosure applicable only where contract with federal supplier and includes travel reimbursements as “services” consideration |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495771C6 F - Late eligible dividend designation |
Income Tax Act - Section 89 - Subsection 89(14.1) |
late designation generally available where CRA, contrary to grounded expectations, denied small business deduction status thereby retroatively creating GRIP/late designation cannot be used to delay GRIP computation |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495681C6 F - Bien de remplacement |
Income Tax Act - Section 44 - Subsection 44(5) - Paragraph 44(5)(b) |
a different related person can use the replacement property in a similar business |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495631C6 F - Actions admissibles de petites entreprises |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share |
failure to satisfy the 50% test for even a moment in time will disqualify |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495631C6 F - Actions admissibles de petites entreprises |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
90% is generally a safe harbour, and in a particular context CRA may accept lower than 90% |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495641C6 F - Taux de rendement annuel moyen |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(9) |
average annual rate of return on estate freeze hi-low prefs based on redemption amount, not PUC |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495691C6 F - Clause restrictive |
Income Tax Act - Section 56.4 - Subsection 56.4(1) - Eligible Interest |
must be one, rather than more than one, underlying corp |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495691C6 F - Clause restrictive |
Income Tax Act - Section 56.4 - Subsection 56.4(3) - Paragraph 56.4(3)(c) |
non-solicitation clause/divergence of covenanter and seller |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495691C6 F - Clause restrictive |
Income Tax Act - Section 56.4 - Subsection 56.4(7) - Paragraph 56.4(7)(b) |
non-solicitation clause could be treated as part of a non-compete |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495691C6 F - Clause restrictive |
Income Tax Act - Section 56.4 - Subsection 56.4(7) - Paragraph 56.4(7)(f) |
maintenance of Holdco fmv/divergence of seller and covenanter |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0496511C6 F - Actions prescrites |
Income Tax Regulations - Regulation 6205 - Subsection 6205(2) |
simultaneous freezes by arm's length shareholders for their respective families to not qualify because the respective trusts/beneficiaries are not NAL with each freezor |
2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495671C6 F - Déduction d'une partie d'une créance irrécouvrable |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(p) - Subparagraph 20(1)(p)(i) |
20(1)(p)(i) deduction for trade debts of a customer are determined on a receivable by receivable basis |