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2012-05-11 |
28 March 2012 External T.I. 2011-0422531E5 F - Revenu fractionné |
Income Tax Act - Section 120.4 - Subsection 120.4(1) - Split Income - Paragraph (c) - Subparagraph (c)(ii) - Clause (c)(ii)(C) |
only a portion of s. 104(13) income might be split income |
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2012-05-11 |
24 April 2012 Internal T.I. 2012-0440711I7 F - Indemnité de repas; remboursement pour déplacement |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) |
policy re subsidized meals does not extend to meal allowances or vouchers |
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2012-05-11 |
30 March 2012 External T.I. 2011-0428741E5 F - Allocations pour frais de déplacement |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) |
travel allowance for additional travel to and from work might be taxable even where employer fault |
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2012-05-11 |
23 January 2012 External T.I. 2011-0424671E5 F - Avantage imposable - Stationnement |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
generally no benefit from free parking if employee must use car 3 days a week in duties |
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2012-04-27 |
17 April 2012 External T.I. 2011-0427411E5 F - Bien de remplacement-immobilisation admissible |
Income Tax Act - Section 14 - Subsection 14(7) |
shares cannot be replacement property |
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2012-04-27 |
17 April 2012 External T.I. 2012-0440931E5 F - Crédit d'impôt pour frais médicaux |
Income Tax Regulations - Regulation 5700 - Section 5700 - Paragraph 5700(i) |
motorized stationary bicycle did not qualify |
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2012-04-20 |
29 March 2012 Internal T.I. 2011-0430871I7 F - Participation à une étude de recherche clinique |
Income Tax Act - Section 5 - Subsection 5(1) |
"volunteers" for drug clinical trials earned business rather than employment income |
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2012-04-20 |
29 March 2012 Internal T.I. 2011-0430871I7 F - Participation à une étude de recherche clinique |
Income Tax Act - Section 3 - Paragraph 3(a) - Business Source/Reasonable Expectation of Profit |
compensation received by participants in clinical drug studies were business income even where they had a personal interest in the study |
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2012-04-20 |
10 April 2012 External T.I. 2011-0428701E5 F - Lien de dépendance - commanditaire et SEC |
Income Tax Act - Section 251 - Subsection 251(1) - Paragraph 251(1)(c) |
limited partner at arm's length with LP if it has no management authority |
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2012-04-20 |
10 April 2012 Internal T.I. 2011-0430291I7 F - Montant d'aide versé par la SAAQ à un conjoint |
Income Tax Act - Section 3 - Paragraph 3(a) - Business Source/Reasonable Expectation of Profit |
automobile insurance payments received for care of injured spouse were non-taxable |
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2012-04-20 |
3 April 2012 External T.I. 2011-0426341E5 F - Catégories 29 et 43 |
Income Tax Regulations - Schedules - Schedule II - Class 29 |
scrap metal shearing device and container for sliced metal described in Class 29 |
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2012-04-13 |
17 June 2011 Internal T.I. 2011-0394471I7 F - Associated Corporations - 256 |
Income Tax Act - Section 256 - Subsection 256(2) |
s. 256(2) does not multiply the SBD but protects it where particular corporations otherwise are eligible |
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2012-04-13 |
17 June 2011 Internal T.I. 2011-0394471I7 F - Associated Corporations - 256 |
Income Tax Act - Section 256 - Subsection 256(2.1) |
list of 5 “useful” factors in determining s. 256(2.1) application |
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2012-04-13 |
17 June 2011 Internal T.I. 2011-0394471I7 F - Associated Corporations - 256 |
Income Tax Act - Section 256 - Subsection 256(5.1) |
Transport M.L. Couture cited as an example |
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2012-04-13 |
29 March 2012 External T.I. 2011-0427821E5 F - Biens agricoles admissibles |
Income Tax Act - Section 30 |
s. 30 expenses can be claimed by farming lessee or carried forward |
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2012-04-13 |
29 March 2012 External T.I. 2011-0427821E5 F - Biens agricoles admissibles |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Interest in a Family Farm or Fishing Partnership |
potential qualification where farm property of partnership is leased to farming corp. with same family owners |
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2012-04-13 |
1 March 2012 Internal T.I. 2012-0437901I7 F - Timing of the adjustments pursuant to 111(5) |
Income Tax Act - Section 111 - Subsection 111(5) - Paragraph 111(5)(a) |
acquisition of control of target does not reduce its NCLs at that time – streaming rules apply prospectively |
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2012-04-13 |
26 March 2012 External T.I. 2012-0440441E5 F - Déduction accordée aux petites entreprises |
Income Tax Act - Section 125 - Subsection 125(1) |
trite SBD overview |
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2012-04-06 |
28 March 2012 External T.I. 2011-0412541E5 F - Compte de dividendes en capital |
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) |
s. 89(12 deemd capital gain generates CDA addition |
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2012-04-06 |
26 March 2012 External T.I. 2010-0367351E5 F - Emprunt pour faire prêt sans intérêt à une fiducie |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
interest deduction on money borrowed to fund interest-free advance to subsidiary trust used, in turn, for income-producing purpose |
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2012-04-06 |
29 March 2012 External T.I. 2010-0391311E5 F - OBNL, exploitation d'une entreprise |
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) |
Timmins expansive concept of "business" applied |
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2012-04-06 |
20 February 2012 Internal T.I. 2011-0429471I7 F - OBNL et profits accessoires |
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) |
food and beverage sales at a the NPO’s annual hosting of festival conformed with operating for non-profit purpose |
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2012-03-30 |
12 March 2012 External T.I. 2011-0425361E5 F - Assistance paid by franchisor |
Income Tax Act - Section 9 - Exempt Receipts/Business |
reimbursements of business expenses increase income |
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2012-03-30 |
12 March 2012 External T.I. 2011-0425361E5 F - Assistance paid by franchisor |
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(x) |
contest awards paid to franchisees includible under s. 12(1)(x) if not under s. 9 |
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2012-03-30 |
20 February 2012 Internal T.I. 2011-0429461I7 F - OBNL et profits accessoires |
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(l) |
articles of NPO should have prohibition on profit-seeking by it and any successor |
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2012-03-30 |
20 March 2012 External T.I. 2011-0424461E5 F - Déduction d'une rétribution à un agent immobilier |
Income Tax Act - Section 9 - Timing |
commissions paid for leasing-up a new building generally are fully and currently deductible |
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2012-03-30 |
20 March 2012 External T.I. 2011-0424461E5 F - Déduction d'une rétribution à un agent immobilier |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense |
lease-up commissions were current expenses |
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2012-03-30 |
16 March 2012 External T.I. 2011-0423191E5 F - Disposition d'une participation dans une SP |
Income Tax Act - Section 98 - Subsection 98(1) |
disposition of partnership interest for nil proceeds when partnership dissolved upon winding-up distribution |
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2012-03-30 |
16 March 2012 External T.I. 2011-0423191E5 F - Disposition d'une participation dans une SP |
Income Tax Act - Section 248 - Subsection 248(1) - Disposition - Paragraph (b) - Subparagraph (b)(i) |
disposition of partnership interest even though no proceeds received |
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2012-03-30 |
8 March 2012 External T.I. 2011-0426061E5 F - Bien agricole admissible |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(c) |
land that had been farmed for 5 years before being rented out to neighbouring farmer qualified, including farm house |
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2012-03-30 |
12 March 2012 Internal T.I. 2011-0431631I7 F - Catégorie d'amortissement- maison flottante |
Income Tax Regulations - Schedules - Schedule II - Class 7 |
portable floating home qualified as “vessel” |
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2012-03-30 |
12 March 2012 Internal T.I. 2011-0431631I7 F - Catégorie d'amortissement- maison flottante |
Income Tax Act - Section 13 - Subsection 13(21) - Vessel |
vessel is as defined in Canada Shipping Act, 2001 |
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2012-03-30 |
12 March 2012 Internal T.I. 2011-0431631I7 F - Catégorie d'amortissement- maison flottante |
Statutory Interpretation - Interpretation Act - Section 44 - Paragraph 44(h) |
IA s. 44(h) applied to reference definition in replacement Canada Shipping Act |
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2012-03-30 |
22 March 2012 External T.I. 2011-0425571E5 F - Avantage imposable - maison habitée sans frais |
Income Tax Regulations - Regulation 1102 - Subsection 1102(1) - Paragraph 1102(1)(c) |
CCA can be claimed on asset made available to employee-shareholder qua employee |
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2012-03-30 |
21 March 2012 External T.I. 2011-0423141E5 F - Application du paragraphe 107(4.1) |
Income Tax Act - 101-110 - Section 107 - Subsection 107(4.1) - Paragraph 107(4.1)(c) |
s. 107(4.1) applied to distribution to settlor/beneficiary of property acquired with borrowed money |
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2012-03-23 |
14 March 2012 External T.I. 2011-0422551E5 F - Application du paragraphe 98(5) |
Income Tax Act - Section 98 - Subsection 98(5) |
s. 98(5) unavailable where rental-property LP is wound up into a partner who operated the business in the leased property |
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2012-03-23 |
29 February 2012 Internal T.I. 2011-0429701I7 F - Frais médicaux- services de tutorat |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(l.91) |
more particulars required re whether special needs tutor would qualify |
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2012-03-23 |
28 February 2012 External T.I. 2011-0423201E5 F - Frais de déménagement |
Income Tax Act - Section 248 - Subsection 248(1) - Eligible Relocation |
move following shift from part-time to full-time at same employer did not qualify |
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2012-03-23 |
13 March 2012 External T.I. 2012-0433661E5 F - Notion de dépense engagée |
Income Tax Act - Section 118.2 - Subsection 118.2(2.1) |
expense incurred if obligation has come into existence |
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2012-03-23 |
13 March 2012 External T.I. 2012-0433661E5 F - Notion de dépense engagée |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense |
expense not incurred if obligation therefor dependent on future contingency |
