2013-05-15 |
19 March 2013 External T.I. 2012-0444001E5 F - Dépenses d'adoption lors de démarches abandonnées |
Income Tax Act - Section 118.01 - Subsection 118.01(1) - Eligible Adoption Expense |
expenses must be incurred in relation to successfully-adopted child |
2013-05-15 |
5 April 2013 External T.I. 2012-0471151E5 F - Binding Agreement |
Income Tax Act - Section 9 - Computation of Profit |
side letter would not reduce owner’s entitlement to rents from property if not entered into at same time as property acquisition |
2013-05-15 |
5 April 2013 External T.I. 2012-0471151E5 F - Binding Agreement |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense |
counter letter payments non-deductible because Quebec counter letter entered into after apparent letter |
2013-05-15 |
11 March 2013 External T.I. 2012-0469231E5 F - Deferred terminal loss |
Income Tax Act - Section 13 - Subsection 13(21.2) |
notional properties fall in same class so that losses suspended until triggering events for all properties/ordering of dispositions to affiliated and unaffiliated transferees generally not relevant |
2013-05-15 |
11 March 2013 External T.I. 2012-0469231E5 F - Deferred terminal loss |
Income Tax Act - Section 13 - Subsection 13(21.1) - Paragraph 13(21.1)(a) |
s. 13(21.1)(a) adjusts the proceeds as determined under s. 85 |
2013-05-15 |
28 March 2013 External T.I. 2012-0460481E5 F - Allocation pour usage d'un véhicule à moteur |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(x) |
fixed allowance of $4.60 for each trip under 10 kilometres deemed unreasonable |
2013-05-15 |
28 March 2013 External T.I. 2012-0460031E5 F - Prime pour partager chambre à deux |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
allowance paid by 3rd-party customer to employees re double-occupancy rooms was taxable |
2013-05-15 |
28 March 2013 External T.I. 2012-0460031E5 F - Prime pour partager chambre à deux |
Income Tax Regulations - Regulation 200 - Subsection 200(1) |
T4As to be issued by employer for allowance paid by 3rd-party customer to employees |
2013-05-01 |
16 April 2013 External T.I. 2013-0477981E5 F - Interpretation of Gift |
Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Charitable Gifts |
ability to opt out of a compulsory contribution to an employer-aligned charity would not necessarily establish a “gift”/Quebec “gift” is CCQ “donation” |
2013-05-01 |
16 April 2013 External T.I. 2013-0480831E5 F - Frais médicaux - chirurgie esthétique |
Income Tax Act - Section 118.2 - Subsection 118.2(2.1) |
skin removal following bariatric surgery may qualify |
2013-04-24 |
13 March 2013 External T.I. 2012-0473291E5 F - Société de personnes - maison détruite par le feu |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(b) |
partner can use the principal residence exemption re gain allocated by partnership from disposition of personally-used principal residence, including following s. 44 deferral |
2013-04-24 |
13 March 2013 External T.I. 2012-0473291E5 F - Société de personnes - maison détruite par le feu |
Income Tax Act - Section 44 - Subsection 44(5) - Paragraph 44(5)(a.1) |
replacement property generally is expected to have the same material characteristics |
2013-04-24 |
13 March 2013 External T.I. 2012-0473291E5 F - Société de personnes - maison détruite par le feu |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(c) |
s. 40(2)(c) unavailable re disposition of building only from fire |
2013-04-24 |
2 April 2013 External T.I. 2012-0470591E5 F - Sale of automobile acquired after being leased |
Income Tax Act - Section 13 - Subsection 13(5.2) - Paragraph 13(5.2)(b) |
the deemed s. 13(5.2)(b) cost addition is recognized for s. 13(2) purposes |
2013-04-24 |
2 April 2013 External T.I. 2012-0470591E5 F - Sale of automobile acquired after being leased |
Income Tax Act - Section 13 - Subsection 13(5.2) |
s. 13(5.2)(b) addition must be taken into account for s. 13(2) purposes, including re no recapture |
2013-04-24 |
5 October 2012 Roundtable, 2012-0453121C6 F - Fiducie au conjoint-police d'assurance-vie |
Income Tax Act - Section 70 - Subsection 70(6) - Paragraph 70(6)(b) - Subparagraph 70(6)(b)(ii) |
no tainting of spousal trust if policy transferred to it no longer has premiums to be paid |
2013-04-24 |
14 January 2013 External T.I. 2012-0469571E5 F - Settlement of rights arising out of marriage |
Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(b) |
transfer of appreciated property by recipient of court-ordered support to the payer of support qualified for rollover |
2013-04-24 |
29 November 2011 Roundtable, 2011-0426361C6 F - Price adjustment clause and redemption of shares |
Income Tax Act - Section 84 - Subsection 84(3) |
deemed dividend arising from preferred share price adjustment clause arises in the year of actual payment |
2013-04-24 |
29 November 2011 Roundtable, 2011-0426361C6 F - Price adjustment clause and redemption of shares |
General Concepts - Effective Date |
deemed dividend through operation of price adjustment clause arises in the adjustment rather than redemption year |
2013-04-24 |
20 March 2013 Internal T.I. 2013-0480201I7 F - Montants forfaitaires - XXXXXXXXXX |
Income Tax Act - Section 6 - Subsection 6(3) - Paragraph 6(3)(d) |
amounts paid to workers in wage-discrimination suit that were in excess of reasonable amount for rights’ violations or non-pecuniary damages would be employment income |
2013-04-24 |
20 March 2013 Internal T.I. 2013-0480201I7 F - Montants forfaitaires - XXXXXXXXXX |
Income Tax Act - 101-110 - Section 110.2 - Subsection 110.2(1) - Qualifying Amount |
portion of wage discrimination award that related to loss of salary (based on days’ worked) would be qualifying amount |
2013-04-17 |
27 March 2013 External T.I. 2012-0449661E5 F - Subparagraph 53(2)(c) ITA |
Income Tax Act - Section 53 - Subsection 53(2) - Paragraph 53(2)(c) |
effect of ss. 40(3.4) and 112(3.1) on partnership ACB where dividends paid to partnership before share disposition was currently under audit |
2013-04-10 |
18 February 2013 Internal T.I. 2013-0477821I7 F - Montants forfaitaires - XXXXXXXXXX |
Income Tax Act - Section 3 |
damages received in wage discrimination suit for pain and suffering were non-taxable |
2013-03-27 |
11 March 2013 External T.I. 2012-0432201E5 F - Payment of tax by an institute |
Income Tax Act - Section 248 - Subsection 248(3) - Paragraph 248(3)(a) |
application of testamentary trust rules to a substitution by testament |
2013-03-27 |
11 March 2013 External T.I. 2012-0432201E5 F - Payment of tax by an institute |
Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Testamentary Trust - Paragraph (d) |
spousal beneficiary of substitution by testament does not taint the resulting deemed testamentary trust by paying the trust taxes |
2013-03-27 |
21 February 2013 External T.I. 2012-0465711E5 F - Attribution Rules after Divorce |
Income Tax Act - Section 74.2 - Subsection 74.2(1) |
entire rather than only pro rata portion of a post-divorce capital gain is not subject to attribution |
2013-03-20 |
5 December 2012 Internal T.I. 2012-0451331I7 F - Déductibilité de frais juridiques |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees |
legal expenses incurred to minimize responsibility under guarantee were not connected to operations which were necessary or incidental to the earning of income |
2013-03-20 |
5 December 2012 Internal T.I. 2012-0451331I7 F - Déductibilité de frais juridiques |
Income Tax Act - Section 60 - Paragraph 60(o) |
sales tax disputes not covered; expenses start running from audit review |
2013-03-20 |
31 January 2013 Internal T.I. 2012-0466641I7 F - Réduction du coût en capital d'un bien |
Income Tax Act - Section 13 - Subsection 13(7.1) |
reduction for Quebec M&P ITC occurs in year following incurring of the eligible expenses |
2013-03-20 |
19 December 2012 External T.I. 2011-0425581E5 F - CII - régions admissibles-Montérégie-Rive-Sud |
Income Tax Act - Section 127 - Subsection 127(9) - Specified Percentage |
description of qualifying ITC regions (which exclude Montérégie South Shore) |
2013-03-20 |
24 October 2012 External T.I. 2012-0443721E5 F - Compensation - vente d'un immeuble |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Damages |
taxpayer need not have attempted to prevent the act or omission resulting in the damages |
2013-03-20 |
20 February 2013 External T.I. 2012-0473051E5 F - Frais de gestion versés à un conjoint |
Income Tax Act - Section 67 |
determining reasonableness of spousal management fee entails a “comparison to an amount paid for similar services according to industry standards” |
2013-03-20 |
27 November 2012 External T.I. 2012-0445941E5 F - Action déterminée de petite entreprise |
Income Tax Act - Section 44.1 - Subsection 44.1(1) - Qualifying Disposition |
shares issued to a family trust do not qualify as "eligible small business corporation shares" |
2013-03-20 |
25 February 2013 Internal T.I. 2012-0440371I7 F - Changement d'usage - Duplex |
Income Tax Act - Section 45 - Subsection 45(3) |
s. 45(3) election unavailable for partial change of use (duplex going from 50% to 100% personal use) |
2013-03-20 |
5 July 2012 Internal T.I. 2010-0388551I7 F - Fiducie - retour de sommes |
Income Tax Act - Section 75 - Subsection 75(2) |
s. 75(2) does not apply to an estate freeze as the corp does not own its treasury shares issued to the trust |
2013-03-20 |
5 July 2012 Internal T.I. 2010-0388551I7 F - Fiducie - retour de sommes |
Income Tax Act - 101-110 - Section 105 - Subsection 105(1) |
income distributed to daughter-in-law who in fact was not a beneficiary includible in her income under s. 105(1) but not deductible by trust under s. 104(6) |
2013-03-20 |
5 July 2012 Internal T.I. 2010-0388551I7 F - Fiducie - retour de sommes |
Income Tax Act - 101-110 - Section 104 - Subsection 104(13) |
capital gain distributed by family trust to children and purportedly lent by them to their parents (also beneficiaries) was instead included in the parents’ income under s. 104(13) |
2013-03-20 |
5 July 2012 Internal T.I. 2010-0388551I7 F - Fiducie - retour de sommes |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(6) |
Foisy test of mental element accepted |
2013-03-20 |
11 February 2013 External T.I. 2012-0469441E5 F - Aire de plancher - fabrication et transformation |
Income Tax Regulations - Regulation 1100 - Subsection 1100(1) - Paragraph 1100(1)(a.1) |
washrooms and cafeteria included - along with office if a connection with the M&P personnel |
2013-03-20 |
25 September 2012 Internal T.I. 2011-0409281I7 F - Papier commercial - Obligations XXXXXXXXXX |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Loss v. Loss |
compensating clients for half their loss was currently deducible, whereas purchasing securities at original cost was its cost |