2013-02-06 |
5 October 2012 APFF Roundtable, 2012-0454231C6 F - Garantie pour impôt de départ |
Income Tax Act - Section 220 - Subsection 220(4.53) |
partial redemption may not result in demand for payment of departure tax |
2013-02-06 |
5 October 2012 APFF Roundtable, 2012-0454241C6 F - Double imposition |
Income Tax Act - Section 160 - Subsection 160(2) |
ETA s. 325 assessment in same audit is issued after ITA s. 160 to avoid double tax/no priority accorded to ARQ |
2013-02-06 |
5 October 2012 APFF Roundtable, 2012-0454241C6 F - Double imposition |
Excise Tax Act - Section 325 |
double taxation from contemporaneous ITA/ETA assessments avoided by ITA assessment being 1st |
2013-02-06 |
5 October 2012 APFF Roundtable, 2012-0453991C6 F - Action admissible de petite entreprise |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
Quebec partnership also transparent notwithstanding separate patrimony |
2013-01-30 |
15 November 2012 External T.I. 2012-0456201E5 F - Frais médicaux - calcul et dépenses non admissibles |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(o) |
emergency call service through telemonitoring ineligible |
2013-01-30 |
15 November 2012 External T.I. 2012-0456201E5 F - Frais médicaux - calcul et dépenses non admissibles |
Income Tax Regulations - Regulation 5700 - Section 5700 - Paragraph 5700(e) |
non-custom shoes would not qualify |
2013-01-30 |
15 November 2012 External T.I. 2012-0456201E5 F - Frais médicaux - calcul et dépenses non admissibles |
Income Tax Act - Section 118.2 - Subsection 118.2(1) |
expenses that were incurred, paid for and receipted within same 12-month period cannot be deferred |
2013-01-30 |
5 October 2012 Roundtable, 2012-0453971C6 F - Fiducies successives/disposition 21 ans |
Income Tax Act - 101-110 - Section 104 - Subsection 104(4) - Paragraph 104(4)(b) - Subparagraph 104(4)(b)(ii) |
deemed retroactive date of formation per CCQ of child trusts as residuary testamentary beneficiaries of spousal trusts accelerated s. 104 deemed disposition date |
2013-01-30 |
5 October 2012 Roundtable, 2012-0454001C6 F - Travail d'un associé d'une société de personnes |
Income Tax Act - 101-110 - Section 103 - Subsection 103(1.1) |
number of employees not necessarily relevant to determining relative partner contribution |
2013-01-30 |
7 December 2012 External T.I. 2012-0440411E5 F - Performing services in Canada |
Income Tax Regulations - Regulation 104 - Subsection 104(2) |
non-resident programmer who comes to Canada only occasionally and is connected to the Quebec server does not exercise a Canadian employment |
2013-01-30 |
5 October 2012 APFF Roundtable, 2012-0451281C6 F - Usufruit étranger |
Income Tax Act - Section 248 - Subsection 248(1) - Disposition |
whether the formation of a usufruct under overseas law triggers a disposition turns on such law |
2013-01-30 |
5 October 2012 APFF Roundtable, 2012-0451281C6 F - Usufruit étranger |
Income Tax Act - Section 248 - Subsection 248(3) |
French usufruct does not create a trust |
2013-01-23 |
22 November 2012 External T.I. 2012-0468941E5 F - TFSA - XXXXXXXXXX employee working outside Canada |
Income Tax Act - Section 207.01 - Subsection 207.01(1) - Unused TFSA Contribution Room |
room is not generated while a non-resident |
2013-01-23 |
4 December 2012 External T.I. 2012-0470951E5 F - Technical News no. 11 |
Income Tax Act - 101-110 - Section 105 - Subsection 105(1) |
no benefit where use of personal-use property of trust extends to an individual related to a trust beneficiary |
2013-01-23 |
11 December 2012 External T.I. 2011-0423441E5 F - Options d'achat d'actions et décès |
Income Tax Act - 101-110 - Section 110 - Subsection 110(1.1) |
no 110(1)(d) deduction available for deemed s. 7 benefit on death |
2013-01-23 |
11 December 2012 External T.I. 2011-0423441E5 F - Options d'achat d'actions et décès |
Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(c) |
cost to estate of employee stock options determined under s. 69(1)(c) |
2013-01-23 |
26 November 2012 External T.I. 2012-0432831E5 F - Dépenses - Immeuble locatif |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
interest on mortgage on personal residence deductible if proceeds used to acquire rental property (until change in use) |
2013-01-23 |
26 November 2012 External T.I. 2012-0432831E5 F - Dépenses - Immeuble locatif |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense |
major repairs required to be capitalized |
2013-01-23 |
7 November 2012 External T.I. 2012-0466681E5 F - Frais de gestion environnementale |
General Concepts - Fair Market Value - Other |
mandatory ecocharges added to cost of electronic goods also included in their FMV |
2013-01-23 |
7 November 2012 External T.I. 2012-0466681E5 F - Frais de gestion environnementale |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
ecocharges payable on any purchase of electronic goods included in benefit from their gift |
2013-01-23 |
10 December 2012 External T.I. 2011-0429721E5 F - OETC - Employee stock options benefits |
Income Tax Act - Section 122.3 - Subsection 122.3(1) - Paragraph 122.3(1)(d) |
s. 7(1)(a) benefit apportioned based on Canadian and overseas duties performed - generally in year options issued |
2013-01-23 |
10 December 2012 External T.I. 2011-0429721E5 F - OETC - Employee stock options benefits |
Income Tax Act - Section 115 - Subsection 115(1) - Paragraph 115(1)(a) - Subparagraph 115(1)(a)(i) |
s. 7(1)(a) benefit generally relates to duties performed in the grant year |
2013-01-16 |
5 October 2012 Roundtable, 2012-0451271C6 F - Residence of a trust |
Income Tax Act - Section 2 - Subsection 2(1) |
trust residency determination focuses on where in fact there is the exercise of authority over significant decisions |
2013-01-16 |
5 October 2012 Roundtable, 2012-0454021C6 F - Expiration d'un arrangement |
Income Tax Regulations - Regulation 6205 - Subsection 6205(2) |
purpose of Reg. 6205(2) re estate freezes and employees |
2013-01-16 |
5 October 2012 Roundtable, 2012-0453171C6 F - TFSA - Survivor payments to more than one survivor |
Income Tax Act - Section 207.01 - Subsection 207.01(1) - Exempt Contribution - Paragraph (d) - Subparagraph (d)(iii) |
CRA allows contributions by two survivors totaling what would have qualified with only one survivor |
2013-01-16 |
5 October 2012 Roundtable, 2012-0453581C6 F - Somme payable - revenus de placements |
Income Tax Act - 101-110 - Section 104 - Subsection 104(24) |
acknowledgement of debt under a 25-year note does not satisfy s. 104(24) |
2013-01-16 |
5 October 2012 Roundtable, 2012-0453961C6 F - Copropriété indivise (50-50) d'un triplex |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(b) |
allocation of lived-in triplex unit to total interest in triplex sold might be made on relative floor area basis if no qualitative variations |
2013-01-16 |
5 October 2012 Roundtable, 2012-0454141C6 F - Déductibilité des frais afférents à un véhicule |
Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(h.1) |
s. 6(1)(b) inclusion and s. 8(1)(h.1) deduction where allowance received for daily travel only in excess of 40 kilometres |
2013-01-16 |
5 October 2012 Roundtable, 2012-0454121C6 F - Automobiles de collections |
Income Tax Act - Section 15 - Subsection 15(5) |
use of average purchase-cost range approach for computing standby charge where multiple vintage cars held by corporation and controlled by shareholder |
2013-01-16 |
5 October 2012 Roundtable, 2012-0453151C6 F - fractionnement de revenu de pension |
Income Tax Act - Section 60.03 - Subsection 60.03(1) - Eligible Pension Income - Paragraph (a) |
last RRIF annuitant inclusion on death under s. 146.3(6) does not qualify for splitting |
2013-01-16 |
20 November 2012 External T.I. 2012-0466891E5 F - Non-Cash Gifts and Non-Cash Awards |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
gifts and awards to employee are deductible even if within $500 tax-free amount |
2013-01-16 |
20 November 2012 External T.I. 2012-0466891E5 F - Non-Cash Gifts and Non-Cash Awards |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
$500 tax-free non-cash gift amount calculated including sales tax |
2013-01-16 |
5 October 2012 Roundtable, 2012-0451261C6 F - Foreign entity classification |
Income Tax Act - Section 248 - Subsection 248(1) - Corporation |
listing of most important criteria for foreign entity classification/separate legal personality not determinative |
2013-01-16 |
5 October 2012 Roundtable, 2012-0454131C6 F - Caractère raisonnable d'une allocation automobile |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) |
reasonable car allowance potentially can exceed Reg. 7306 levels/Treasury Board rates will be accepted |
2013-01-16 |
5 October 2012 Roundtable, 2012-0453201C6 F - Règles d'attribution- séparation & décès |
Income Tax Act - Section 74.5 - Subsection 74.5(3) |
s. 74.5(3) busting of attribution occurs even if they were living separate and apart for under 90 days before the death of the transferee common-law spouse |
2013-01-16 |
5 October 2012 Roundtable, 2012-0453201C6 F - Règles d'attribution- séparation & décès |
Income Tax Act - Section 13 - Subsection 13(1) |
recapture from rental property is property income from that property |
2013-01-16 |
5 October 2012 Roundtable, 2012-0451251C6 F - Excess of foreign tax withheld at source |
Income Tax Act - Section 126 - Subsection 126(7) - Non-Business-Income Tax |
foreign withholdings on American depositary receipts in excess of Treaty-limited rate does not qualify as an income tax |
2013-01-16 |
5 October 2012 Roundtable, 2012-0451251C6 F - Excess of foreign tax withheld at source |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
tax withheld in excess of Treaty-rate is not deductible as an expense |
2013-01-16 |
22 November 2012 External T.I. 2012-0441781E5 F - Prohibited Investment - Cooperative |
Income Tax Regulations - Regulation 4900 - Subsection 4900(15) |
application to shares of cooperative |
2013-01-16 |
22 November 2012 External T.I. 2012-0441781E5 F - Prohibited Investment - Cooperative |
Income Tax Act - Section 248 - Subsection 248(1) - Shareholder |
investor in cooperative holds shares and is shareholder |