Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2014-02-26 7 February 2014 External T.I. 2014-0516921E5 F - Crédit et frais résiduels Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - A lease under which lessee bore all risk implicitly treated as lease rather than purchase
23 December 2013 External T.I. 2013-0505481E5 F - Application des paragraphes 6(6) et 110.7(1) Income Tax Act - 101-110 - Section 110.7 - Subsection 110.7(1) interaction between ss. 6(6) and 110.7(1)(b)
Income Tax Act - Section 6 - Subsection 6(6) Treasury Board rates considered to be reasonable
2014-02-19 18 December 2013 External T.I. 2013-0511101E5 F - Substantial interest - Part VI.1 Income Tax Act - Section 191 - Subsection 191(3) creation of substantial interest through redemption of special voting shares
Income Tax Act - Section 248 - Subsection 248(1) - Disposition no disposition of shares that became voting by operation of law (due to cancellation of voting shares)
Income Tax Act - Section 249 - Subsection 249(4) voting rights shifted to 2nd trust with same trustees: no control change
Income Tax Act - Section 251.2 - Subsection 251.2(2) - Paragraph 251.2(2)(a) no acquisition of control where votes pass from trust to an estate with the same individuals as executors
19 December 2013 External T.I. 2012-0468851E5 F - Deduction for Insolvency Income Tax Act - Section 61.3 - Subsection 61.3(3) maximizing deduction through debt parking with parent rather than simple settlement subject to s. 61.3(3)
2014-02-12 3 January 2014 External T.I. 2013-0507541E5 F - Crowdfunding General Concepts - Agency whether a crowdfunding contribution is on-paid to a charity as agent for the contributor
15 January 2014 External T.I. 2013-0515651E5 F - Affiliated persons Income Tax Act - Section 251.1 - Subsection 251.1(1) - Paragraph 251.1(1)(d) control by a person is not control by a group of persons
Income Tax Act - Section 251.1 - Subsection 251.1(1) - Paragraph 251.1(1)(e) corporation is affiliated with partnership of which its controlling shareholder is a majority-interest partner
27 January 2014 External T.I. 2013-0504191E5 F - RRSP, qualified investment Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (a) annuitant's free use of property of corporation held by RRSP is an advantage
Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Specified Small Business Corporation general discussion of SSBC definition
10 January 2014 External T.I. 2013-0506571E5 F - Subsections 15(2) and 15(2.6) Income Tax Act - Section 15 - Subsection 15(2.6) monthly shareholder advances partially repaid with annual dividends
2014-02-05 23 January 2014 External T.I. 2013-0500711E5 F - Paragraph 75(2) Income Tax Act - Section 75 - Subsection 75(2) s. 75(2) does not apply by virtue of the executor also being a beneficiary of inter vivos trust legatees
20 January 2014 External T.I. 2013-0503871E5 F - Vente d'une érablière Income Tax Act - Section 248 - Subsection 248(1) - Property maple syrup production quota is property if it is property under civil law
25 October 2013 External T.I. 2013-0484321E5 F - Donation entre vifs / inter vivos gift  Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) meaning of "gift" inter vivos determined by private law
25 October 2013 External T.I. 2013-0491141E5 F - Sens d'« agriculture » - Meaning of « farming » Income Tax Act - Section 248 - Subsection 248(1) - Farming assistance of consultant not included in farming
2014-01-29 31 July 2013 External T.I. 2012-0452591E5 F - Matériel lié à un programme d'études Income Tax Act - Section 56 - Subsection 56(3.1) - Paragraph 56(3.1)(b) meaning of “materials related to the program”
5 June 2013 Internal T.I. 2013-0490941I7 F - Expenses for food 67.1(1) Income Tax Act - Section 67.1 - Subsection 67.1(1) AD-98-24 (respecting allocation of construction-worker living allowances to food) still in effect
3 October 2013 External T.I. 2013-0501051E5 F - Conjoint de fait - Common-Law Partner Income Tax Act - Section 248 - Subsection 248(1) - Common-Law Partner not living under the same roof for some time not decisive as to a “conjugal relationship”
17 December 2013 External T.I. 2013-0510371E5 F - MCIA / CEC Income Tax Act - Section 24 - Subsection 24(1) fmv reduction of eligible capital property to nil does not trigger loss if business still carried on
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
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
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"
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
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
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
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
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
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
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
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)
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e) cash pool utilization fees could be deductible under s. 20(1)(e)
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
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
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
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

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