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2012-03-23 |
16 March 2012 External T.I. 2012-0432101E5 F - Acquisition d'un séparateur d'huile |
Income Tax Regulations - Schedules - Schedule II - Class 1 - Paragraph 1(q) |
oil separator Class 1 if sufficiently attached to garage |
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2012-03-23 |
14 March 2012 External T.I. 2011-0423291E5 F - Fiducie pour soi-même sans limite d'âge |
Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(c) - Subparagraph 73(1.01)(c)(ii) |
joint protective trust would not satisfy s. 73(1.01)(c)(ii) |
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2012-03-23 |
14 March 2012 External T.I. 2011-0423291E5 F - Fiducie pour soi-même sans limite d'âge |
Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(c) - Subparagraph 73(1.01)(c)(iii) - Clause 73(1.01)(c)(iii)(A) |
two spouses separate from their children can create a joint spousal or common-law partner trust |
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2012-03-23 |
14 March 2012 External T.I. 2011-0423291E5 F - Fiducie pour soi-même sans limite d'âge |
Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Testamentary Trust |
tainting effect of joint spousal or common-law partner trust on subsequent testamentary trust |
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2012-03-23 |
14 March 2012 External T.I. 2011-0423291E5 F - Fiducie pour soi-même sans limite d'âge |
Income Tax Act - 101-110 - Section 107.4 - Subsection 107.4(1) - Paragraph 107.4(1)(a) |
joint protective trust would not satisfy paras. (a) and (e) of "qualifying disposition" |
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2012-03-16 |
23 February 2012 External T.I. 2011-0421821E5 F - Test à l'alinéa 110.6(1)e) de la définition d'AAPE |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (e) |
replaced shares need not be owned for a period of 24 months prior to their replacement – but only for the portion of the 24 months before the time of disposition and ending at the replacement time |
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2012-03-16 |
7 March 2012 External T.I. 2011-0421301E5 F - Bien agricole admissible |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property - Paragraph (a) |
logging is not farming business if main focus is logging rather than growing, nurturing and harvesting trees |
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2012-03-16 |
7 March 2012 External T.I. 2011-0421301E5 F - Bien agricole admissible |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(a) |
general discussion of s. 110.6(1.3)(a) tests |
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2012-03-16 |
7 October 2011 Roundtable, 2011-0399411C6 F - Société de personnes - 103(1.1) |
Income Tax Act - 101-110 - Section 103 - Subsection 103(1.1) |
potential application of s. 103(1.1) where adult children form partnership with money gifted by parent and share pro rata to capital |
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2012-03-16 |
7 March 2012 External T.I. 2011-0427551E5 F - Établissement stable |
Treaties - Income Tax Conventions - Article 5 |
presence of employee in Dominican Republic who did not habitually exercise general authority to contract did not constitute a PE |
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2012-03-09 |
28 February 2012 External T.I. 2011-0424191E5 F - Fiscal period of a partnership |
Income Tax Act - Section 249.1 - Subsection 249.1(2) |
"share of ... income" references contractual entitlement irrespective of actual partnership income quantum |
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2012-03-09 |
22 February 2012 External T.I. 2011-0424601E5 F - Scholarships and bursaries paid by a firm |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(n) |
potential qualification under s. 56(1)(n) if bursary paid by employer while student not a summer student or permanent employee |
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2012-03-09 |
22 February 2012 External T.I. 2011-0424601E5 F - Scholarships and bursaries paid by a firm |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
employer-reimbursed tuition not considered for its training benefit if incurred before employment commenced |
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2012-03-09 |
24 February 2012 External T.I. 2011-0413311E5 F - Bien agricole admissible |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property |
woodlot sale by father (who only had rented to son) to son likely qualified provided IT-373R2 farm v. logging operation, and s. 110.6(1.3)(b) gross revenue, tests satisfied |
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2012-03-09 |
28 February 2012 External T.I. 2011-0420391E5 F - Prestations au décès |
Income Tax Act - Section 248 - Subsection 248(1) - Death Benefit |
death benefit can be received by a former employee |
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2012-03-09 |
29 February 2012 External T.I. 2011-0431131E5 F - Sommes versées en règlement d'un grief |
Income Tax Act - Section 5 - Subsection 5(1) |
damages on retroactive reinstatement are taxable |
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2012-03-09 |
29 February 2012 External T.I. 2011-0431131E5 F - Sommes versées en règlement d'un grief |
Income Tax Act - Section 60 - Paragraph 60(j.1) - Subparagraph 60(j.1)(v) |
previous employment years of service included if bought back |
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2012-03-09 |
29 February 2012 External T.I. 2011-0431131E5 F - Sommes versées en règlement d'un grief |
Income Tax Act - Section 60 - Paragraph 60(j.1) - Subparagraph 60(j.1)(ii) - Clause 60(j.1)(ii)(B) |
employer contributions vest for each year bought back by an employee |
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2012-03-09 |
29 February 2012 External T.I. 2011-0431131E5 F - Sommes versées en règlement d'un grief |
Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance |
damages for event occurring during employment generally will be non-taxable |
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2012-03-09 |
23 February 2012 External T.I. 2011-0423461E5 F - Automobiles de collection |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(e) |
vintage automobiles of corporation/distinction between benefit qua employee or shareholder also applies in s. 6(1)(e) context |
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2012-03-09 |
22 February 2012 External T.I. 2011-0421671E5 F - Loss of retirement income benefit - death |
Income Tax Act - 101-110 - Section 110 - Subsection 110(1) - Paragraph 110(1)(f) - Subparagraph 110(1)(f)(ii) |
deduction for WSIB compensation paid to estate of deceased injured worker |
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2012-03-09 |
22 February 2012 External T.I. 2011-0421671E5 F - Loss of retirement income benefit - death |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(v) |
inclusion under s. 56(1)(v), offsetting deduction under s. 110(1)(f)(ii), for Ontario WSIB lump sum on death |
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2012-03-09 |
29 February 2012 External T.I. 2011-0427831E5 F - Chantier particulier |
Income Tax Act - Section 6 - Subsection 6(6) - Paragraph 6(6)(b) |
transportation allowance not excluded under s. 6(6)(b) if employee does not receive board and lodging |
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2012-03-02 |
21 February 2012 External T.I. 2011-0417471E5 F - Changement d'usage - paragraphe 45(3) |
Income Tax Act - Section 45 - Subsection 45(3) |
s. 45(3) election not available where 2nd unit in taxpayer-owned duplex changed from rental to personal use |
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2012-03-02 |
21 February 2012 External T.I. 2011-0417471E5 F - Changement d'usage - paragraphe 45(3) |
Income Tax Act - Section 45 - Subsection 45(1) - Paragraph 45(1)(c) |
s. 45(1)(c) applies where 2nd unit in taxpayer-owned duplex changed from rental to personal use |
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2012-03-02 |
21 February 2012 External T.I. 2011-0417471E5 F - Changement d'usage - paragraphe 45(3) |
Income Tax Act - Section 248 - Subsection 248(1) - Property |
immovable (including a duplex used 2 different ways) is considered a single property unless subdivided |
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2012-03-02 |
10 February 2012 External T.I. 2010-0385861E5 F - Actions de remplacement |
Income Tax Act - Section 44.1 - Subsection 44.1(1) - Replacement Share |
application to IPO of CCPC |
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2012-03-02 |
10 February 2012 External T.I. 2010-0385861E5 F - Actions de remplacement |
Income Tax Act - Section 44.1 - Subsection 44.1(1) - Qualifying Disposition |
elements of qualifying disposition definition |
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2012-02-24 |
14 February 2012 External T.I. 2011-0416621E5 F - REER, swap |
Income Tax Act - Section 207.01 - Subsection 207.01(1) - Advantage - Paragraph (b) |
computation of advantage from swap transaction |
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2012-02-24 |
14 February 2012 External T.I. 2011-0416621E5 F - REER, swap |
Income Tax Act - Section 207.01 - Subsection 207.01(1) - RRSP Strip |
swap of savings bond between RRSP and non-registered account would be an RRSP strip |
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2012-02-24 |
23 January 2012 External T.I. 2011-0409671E5 F - Propriété superficiaire |
Income Tax Act - Section 54 - Principal Residence - Paragraph (e) |
land leased to corporation for business use not part of principal residence |
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2012-02-24 |
23 January 2012 External T.I. 2011-0409671E5 F - Propriété superficiaire |
Income Tax Act - Section 15 - Subsection 15(1) |
benefit if building constructed at corporation’s expense for business purposes becomes shareholder’s property by accession |
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2012-02-24 |
23 January 2012 External T.I. 2011-0409671E5 F - Propriété superficiaire |
Income Tax Regulations - Regulation 1102 - Subsection 1102(1) - Paragraph 1102(1)(c) |
individual shareholder not entitled to claim CCA on building constructed by the corporation for use in its business even where taxpayer owns it |
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2012-02-24 |
23 January 2012 External T.I. 2011-0409671E5 F - Propriété superficiaire |
General Concepts - Ownership |
whether tenant had Quebec right of superficies to garage erected by it determined whether it was its property |
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2012-02-24 |
23 January 2012 External T.I. 2011-0409671E5 F - Propriété superficiaire |
Income Tax Act - Section 13 - Subsection 13(21) - Depreciable Property |
building erected by corporation on shareholder’s land not depreciable property unless shareholder renounces right of accession |
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2012-02-24 |
9 February 2012 Internal T.I. 2011-0426871I7 F - Perte au titre d'un placement d'entreprise |
Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(c) - Subparagraph 39(1)(c)(iv) |
requirement satisfied where debtor reacquired its status as SBC before becoming bankrupt |
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2012-02-24 |
6 February 2012 External T.I. 2012-0434071E5 F - Honoraires professionnels - PDV |
Income Tax Act - Section 60 - Paragraph 60(o) |
professional fees incurred under VDP are deductible under s. 60(o) once CRA commences its review |
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2012-02-24 |
6 February 2012 External T.I. 2012-0434071E5 F - Honoraires professionnels - PDV |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees |
professional fees incurred in applying under the VDP are not deductible |
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2012-02-17 |
9 February 2012 External T.I. 2008-0280941E5 F - Foreign sourced income - transportation |
Income Tax Act - Section 4 - Subsection 4(1) - Paragraph 4(1)(b) |
s. 4(1)(b) generally applied on a jurisdictional basis |
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2012-02-17 |
9 February 2012 External T.I. 2008-0280941E5 F - Foreign sourced income - transportation |
Income Tax Act - Section 2 - Subsection 2(3) - Paragraph 2(3)(b) |
incidental business activities in jurisdiction may not constitute carrying on business there |
