2012-08-10 |
3 July 2012 External T.I. 2012-0443421E5 F - 84.1 and partnership |
Income Tax Act - Section 245 - Subsection 245(4) |
s. 245(2) has been applied to the use of a partnership to avoid s. 84.1 |
2012-08-10 |
3 July 2012 External T.I. 2012-0443421E5 F - 84.1 and partnership |
Income Tax Act - Section 84.1 - Subsection 84.1(1) |
use of partnership to avoid s. 84.1 could be attacked through challenge to partnership validity or applying s. 245(1) re circumvention of s. 84.1 |
2012-08-10 |
13 July 2012 External T.I. 2012-0443281E5 F - DPA- véhicule dans le cadre d'un bien locatif |
Income Tax Regulations - Regulation 1102 - Subsection 1102(1) - Paragraph 1102(1)(c) |
CCA could be claimable on motor vehicle used to earn rental income |
2012-07-27 |
3 July 2012 External T.I. 2012-0448651E5 F - Allocation of Safe Income |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
apportionment of safe income amongst three classes of discretionary common shares took into account the entitlement of the first class under the USA to a preferential dividend |
2012-07-20 |
9 July 2012 External T.I. 2012-0438751E5 F - Police d'assurance-vie |
Income Tax Act - Section 148 - Subsection 148(9) - Proceeds of the Disposition |
proceeds of disposition arise when policy settled and are calculated by insurer |
2012-07-20 |
9 July 2012 External T.I. 2012-0438751E5 F - Police d'assurance-vie |
Income Tax Act - Section 237 - Subsection 237(1.1) |
provision of SIN by holder of matured policy to insurer is required |
2012-07-06 |
28 June 2012 External T.I. 2011-0427871E5 F - Application des paragraphes 98(3) 98(5) et 73(1) |
Income Tax Act - Section 73 - Subsection 73(1) |
s. 73(1) available on transfer of undivided interest from one separated spouse to the other following s. 98(3) wind-up of their rental partnership |
2012-07-06 |
28 June 2012 External T.I. 2011-0427871E5 F - Application des paragraphes 98(3) 98(5) et 73(1) |
Income Tax Act - Section 98 - Subsection 98(5) |
rental operation generating property income is a business for s. 98(5) purposes |
2012-07-06 |
26 June 2012 External T.I. 2011-0417391E5 F - Bien remis à une fiducie |
Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Testamentary Trust |
being a contingent beneficiary of an inter vivos trust disqualified a testamentary trust as such |
2012-07-06 |
26 June 2012 External T.I. 2011-0417391E5 F - Bien remis à une fiducie |
Income Tax Act - Section 248 - Subsection 248(25) |
testamentary trust that was included in the class of potential beneficiaries of a discretionary inter vivos trust was a beneficiary |
2012-07-06 |
26 June 2012 Internal T.I. 2012-0436381I7 F - Nature d’un revenu - Indemnité d’assurance |
Income Tax Act - Section 129 - Subsection 129(6) |
insurance proceeds in lieu of rents from associated corp did not qualify under s. 129(6) |
2012-07-06 |
26 June 2012 Internal T.I. 2012-0436381I7 F - Nature d’un revenu - Indemnité d’assurance |
Income Tax Act - Section 9 - Compensation Payments |
life insurance proceeds for rental property did not have the character of rents from an associated corp |
2012-06-29 |
14 June 2012 External T.I. 2011-0428341E5 F - Crédit activités physiques, activités artistiques |
Income Tax Act - Section 63 - Subsection 63(3) - Child Care Expense |
expenses that qualified for the child fitness or children's arts tax credit potentially could qualify as child care expenses |
2012-06-22 |
5 June 2012 External T.I. 2011-0417971E5 F - Sociétés associées - CII |
Income Tax Act - Section 127 - Subsection 127(10.2) |
computation of expenditure limit where one CCPC acquires another |
2012-06-22 |
13 June 2012 Internal T.I. 2012-0435351I7 F - SEPE - chèques en circulation |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
outstanding and uncashed cheques did not reduce cash |
2012-06-22 |
13 June 2012 Internal T.I. 2012-0435351I7 F - SEPE - chèques en circulation |
General Concepts - Payment & Receipt |
in Quebec, payment by cheque does not occur until debiting of bank account |
2012-06-22 |
24 April 2012 Internal T.I. 2011-0400671I7 F - Honoraires professionnels |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Start-Up and Liquidation Costs |
fees incurred by individual before intention to form a corp did not qualify as pre-incorporation expenses |
2012-06-22 |
24 April 2012 Internal T.I. 2011-0400671I7 F - Honoraires professionnels |
Income Tax Act - Section 15 - Subsection 15(1) |
meaning of “benefit” |
2012-06-22 |
24 April 2012 Internal T.I. 2011-0400671I7 F - Honoraires professionnels |
Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(a) - Subparagraph 40(1)(a)(i) |
tax planning fees paid to joint counsel qualified as a disposition expense |
2012-06-22 |
15 June 2012 External T.I. 2012-0434761E5 F - Dons liés à une police d'assurance-vie |
Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Charitable Gifts |
gift if pay policy premiums following assignment of policy to charity, but not by virtue of designating charity as policy beneficiary |
2012-06-22 |
15 June 2012 External T.I. 2012-0434761E5 F - Dons liés à une police d'assurance-vie |
Income Tax Act - Section 248 - Subsection 248(31) |
donated life insurance policy to be valued on ordinary principles |
2012-06-22 |
15 June 2012 External T.I. 2012-0434761E5 F - Dons liés à une police d'assurance-vie |
General Concepts - Fair Market Value - Other |
7 factors to be considered in valuing a donated life insurance policy |
2012-06-22 |
13 June 2012 External T.I. 2011-0416781E5 F - Entente contractuelle particulière |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
intragroup charges to reflect use of each other’s capital under cash pooling arrangement are non-deductible |
2012-06-15 |
14 May 2012 Internal T.I. 2010-0367831I7 F - Régime de pension étranger. France |
Income Tax Act - Section 5 - Subsection 5(1) |
contributions paid by employer to voluntary French pension funds for expatriates were constructively received by employee member |
2012-06-15 |
14 May 2012 Internal T.I. 2010-0367831I7 F - Régime de pension étranger. France |
Income Tax Act - Section 248 - Subsection 248(1) - Retirement Compensation Arrangement |
since employer acted as employee agent in making pension contributions, no RCA, EBP or SDA |
2012-06-15 |
23 May 2012 Internal T.I. 2011-0418071I7 F - Remise de dettes, PAC |
Income Tax Act - Section 80 - Subsection 80(3) - Paragraph 80(3)(a) |
debt settlement results in immediate application of forgiven amount to reduce NCL at that time |
2012-06-15 |
23 May 2012 Internal T.I. 2011-0418071I7 F - Remise de dettes, PAC |
Income Tax Act - Section 111 - Subsection 111(8) - Non-Capital Loss - D.2 |
debt settlement results in immediate application of forgiven amount to reduce NCL at that time |
2012-06-15 |
30 May 2012 Internal T.I. 2012-0434471I7 F - Remise de prix non monétaires aux employés |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
distinction between non-cash award for overall contribution to workplace and performance recognition |
2012-06-15 |
17 May 2012 Internal T.I. 2012-0437001I7 F - Price Adjustment Clause |
General Concepts - Effective Date |
per Gurberg, a PAC has retroactive effect |
2012-06-15 |
17 May 2012 Internal T.I. 2012-0437001I7 F - Price Adjustment Clause |
Income Tax Act - Section 85 - Subsection 85(1) - Paragraph 85(1)(e.2) |
no need to file amended s. 85(1) election where PAC engaged |
2012-06-08 |
7 October 2011 APFF Roundtable, 2010-0371941C6 F - Application de l'article 80 - fusion/liquidation |
Income Tax Act - Section 80 - Subsection 80(1) - Relevant loss balance |
NCL of acquired subsidiary preserved for debt forgiveness purposes on amalgamation but lost (if business ceased) on wind-up |
2012-06-08 |
7 October 2011 APFF Roundtable, 2010-0371941C6 F - Application de l'article 80 - fusion/liquidation |
Income Tax Act - Section 88 - Subsection 88(1.1) - Paragraph 88(1.1)(e) |
fiction in s. 80(13) is insufficient to preserve non-capital losses of a subsidiary from a business that ceased following an AOC where subsidiary wound-up and parent has forgiven amount |
2012-06-01 |
1 May 2012 External T.I. 2012-0436401E5 F - Frais de bureau à domicile |
Income Tax Act - Section 18 - Subsection 18(12) |
permanent works taxes treated the same as other property taxes/general discussion including of s. 18(12)(c) |
2012-05-25 |
10 May 2012 External T.I. 2012-0440731E5 F - Employer-provided gifts & Awards |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
award of points that could be applied to 40 different services were of near-cash items and, thus, taxable |
2012-05-18 |
2 May 2012 External T.I. 2011-0431701E5 F - Commissions sur une police d’assurance-vie |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
exempt treatment of commissions received by employees on purchases of life insurance policies on their own account does not extend to purchases as investments or to annuities |
2012-05-18 |
30 March 2012 Internal T.I. 2011-0408311I7 F - Résidence principale |
General Concepts - Ownership |
ownership of home generally follows legal title |
2012-05-18 |
30 March 2012 Internal T.I. 2011-0408311I7 F - Résidence principale |
Income Tax Act - Section 54 - Principal Residence - Paragraph (a) |
must be described combination of ownership and ordinary habitation |
2012-05-18 |
29 March 2012 External T.I. 2011-0424791E5 F - Imposition du remboursement du permis de conduire |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
reimbursement of regular cost of driver’s licence included even where employee required to drive |
2012-05-18 |
27 March 2012 External T.I. 2011-0423851E5 F - Allocations pour frais de déplacement |
Income Tax Act - Section 81 - Subsection 81(3.1) |
part-time employment includes part-time office/usual place of performance referenced |
2012-05-18 |
10 May 2012 External T.I. 2012-0435591E5 F - Prestation consécutive au décès |
Income Tax Act - Section 248 - Subsection 248(1) - Death Benefit |
passage of time between end of employment and benefit on death may affect whether it is in “recognition” of employment |