Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
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
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
Excise Tax Act - Section 325 double taxation from contemporaneous ITA/ETA assessments avoided by ITA assessment being 1st
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
Income Tax Regulations - Regulation 5700 - Section 5700 - Paragraph 5700(e) non-custom shoes would not qualify
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
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
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
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
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
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
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
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
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)
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)
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
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
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
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
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
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
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
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)
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
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
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
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
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
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) $500 tax-free non-cash gift amount calculated including sales tax
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
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
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
Income Tax Act - Section 13 - Subsection 13(1) recapture from rental property is property income from that property
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
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
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
Income Tax Act - Section 248 - Subsection 248(1) - Shareholder investor in cooperative holds shares and is shareholder

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