|
2011-10-28 |
18 October 2011 External T.I. 2011-0394041E5 F - Fiducie personnelle- revenu brut |
Income Tax Act - Section 3 |
capital gains not included in computing income from a source |
|
2011-10-28 |
17 October 2011 External T.I. 2011-0423361E5 F - Loi sur le courtage immobilier |
General Concepts - Illegality |
Quebec real estate brokers can earn their remuneration through a corporation |
|
2011-10-28 |
17 October 2011 External T.I. 2011-0423361E5 F - Loi sur le courtage immobilier |
Income Tax Act - Section 9 - Nature of Income |
Quebec real estate broker can generate commissions in a controlled corporation |
|
2011-10-28 |
29 September 2011 External T.I. 2011-0405391E5 F - Utilisation d'un aéronef |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
price charged to customers for flights on company aircraft determined taxable benefit to employees/benefit to majority shareholder was qua employee |
|
2011-10-28 |
18 October 2011 External T.I. 2011-0422021E5 F - Purpose test - Subsection 55(2) of the Act |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(b) |
dividend from grandchild to child likely does not engage s. 55(2) re sale of shares of grandparent |
|
2011-10-28 |
13 October 2011 External T.I. 2010-0382441E5 F - RSG- Employé / travailleur autonome |
Income Tax Act - Section 5 - Subsection 5(1) |
home childcare providers were self-employed given relative autonomy |
|
2011-10-21 |
22 September 2011 External T.I. 2011-0403991E5 F - Crédit d'impôt pour études |
Income Tax Act - Section 118.6 - Subsection 118.6(1) - Qualifying Educational Program |
program means program of study, not individual course |
|
2011-09-30 |
22 September 2011 External T.I. 2011-0394961E5 F - Droits ou biens |
Income Tax Act - Section 70 - Subsection 70(3) |
s. 70(3) cannot apply iteratively to artist’s inventory |
|
2011-09-30 |
21 September 2011 External T.I. 2010-0375361E5 F - Liquidation d'une coopérative agricole |
Income Tax Act - Section 84 - Subsection 84(2) |
s. 84(2) applied to winding-up of cooperative |
|
2011-09-30 |
19 September 2011 External T.I. 2011-0410411E5 F - Attribution - Transfers to Corporations |
Income Tax Act - Section 74.4 - Subsection 74.4(2) |
s. 74.4(2) did not apply to the creation of a corporate asset protection structure |
|
2011-09-23 |
12 September 2011 External T.I. 2011-0397731E5 F - Crédit d'impôt pour frais médicaux |
Income Tax Regulations - Regulation 5700 - Section 5700 - Paragraph 5700(h) |
"hospital bed" does not extend to all types of adjustable beds |
|
2011-09-23 |
12 September 2011 External T.I. 2011-0397731E5 F - Crédit d'impôt pour frais médicaux |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(a) |
aquatherapy classes (or pain management courses) do not qualify if non-qualified payee |
|
2011-09-23 |
16 August 2011 Internal T.I. 2011-0401721I7 F - Loss Utilization |
Income Tax Act - Section 88 - Subsection 88(1.1) - Paragraph 88(1.1)(e) |
factors in determining whether investments are held as a business |
|
2011-09-23 |
16 August 2011 Internal T.I. 2011-0401721I7 F - Loss Utilization |
Income Tax Act - Section 111 - Subsection 111(5) - Paragraph 111(5)(a) |
holding company whose only sources of income were inter-affiliate loan and subsidiary shares had losses from property rather than business |
|
2011-09-23 |
6 September 2011 External T.I. 2010-0389011E5 F - L'interprétation de " est en droit de recevoir" |
Income Tax Act - Section 13 - Subsection 13(7.1) |
taxpayer is entitled to receive Quebec M&P credit at end of year in which the eligible expenditures were incurred |
|
2011-09-16 |
2 September 2011 Internal T.I. 2011-0419111I7 F - Programme de compensation du MESS |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(u) |
social assistance payments aggregating less than $500 not required to be included in income |
|
2011-09-16 |
31 August 2011 External T.I. 2011-0416541E5 F - Montant admis en déduction - REÉR |
Income Tax Act - Section 146 - Subsection 146(5) |
if premium not claimed, deduction amount is nil |
|
2011-09-16 |
6 September 2011 Internal T.I. 2011-0401191I7 F - Automobiles mises à la disposition des employés |
Income Tax Act - Section 6 - Subsection 6(2) |
standby not computed for months in which automobiles in storage and unavailable for use |
|
2011-09-09 |
31 August 2011 External T.I. 2011-0415891E5 F - Increase in stated capital, stock dividends -55(2) |
Income Tax Act - Section 248 - Subsection 248(28) |
s. 248(28)(a) applied to reduce capital gain on disposition of preferred shares on which a capital gain had been realized under s. 55(2)(b) |
|
2011-09-09 |
31 August 2011 External T.I. 2011-0415891E5 F - Increase in stated capital, stock dividends -55(2) |
Income Tax Act - Section 55 - Subsection 55(2) - Paragraph 55(2)(c) |
capital gain recognized under s. 55(2)(c) not recognized a second time on sale of the shares |
|
2011-09-02 |
25 August 2011 External T.I. 2011-0417511E5 F - CDA and Excessive dividend |
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (b) |
excess capital dividend does not reduce payor’s CDA and increases corporate shareholder’s CDA |
|
2011-08-26 |
15 August 2011 External T.I. 2011-0415071E5 F - 110.5 and safe income |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
safe income not increased by s. 110.5 addition |
|
2011-08-19 |
11 August 2011 External T.I. 2011-0406061E5 F - Dommages reçus suite à la perte d'un emploi |
Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance |
compensation received for renouncing rights of reinstatement is a retiring allowance |
|
2011-08-12 |
4 July 2011 External T.I. 2011-0401991E5 F - CDA and life insurance proceeds |
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (d) - Subparagraph (d)(ii) |
CRA will follow Innovative Installation |
|
2011-08-12 |
4 July 2011 External T.I. 2011-0401991E5 F - CDA and life insurance proceeds |
General Concepts - Payment & Receipt |
Insurance proceeds received by borrower where applied to repay its loan |
|
2011-07-29 |
18 July 2011 External T.I. 2010-0370561E5 F - Location avec option d'achat |
Income Tax Act - Section 49 - Subsection 49(1) |
where lease is coupled with bargain purchase option, a portion of the rents must be allocated to option proceeds |
|
2011-07-29 |
18 July 2011 External T.I. 2010-0370561E5 F - Location avec option d'achat |
General Concepts - Substance |
lease is a lease in the absence of sham |
|
2011-07-29 |
18 July 2011 External T.I. 2010-0370561E5 F - Location avec option d'achat |
Income Tax Act - Section 68 |
where lease is coupled with bargain purchase option, a portion of the rents must be allocated to option proceeds |
|
2011-07-29 |
21 July 2011 External T.I. 2010-0359171E5 F - Montants forfaitaires - retraités |
Income Tax Act - Section 248 - Subsection 248(1) - Death Benefit |
payment in lieu of cancelled term life insurance policy made to employee’s estate is death benefit – but s. 6(4) or 6((1)(a) income if paid before retired employee’s death |
|
2011-07-29 |
21 July 2011 External T.I. 2010-0359171E5 F - Montants forfaitaires - retraités |
Income Tax Act - Section 6 - Subsection 6(4) |
amount in lieu of cancelled term life insurance proceeds paid to retired employee included under s. 6(4) or 6((1)(a) |
|
2011-07-29 |
6 July 2011 Internal T.I. 2010-0357461I7 F - CII RS&DE |
Income Tax Act - Section 127 - Subsection 127(8.3) |
proportionate ITCs allocated to specified member in proportion to capital can then be reallocated under s. 127(8.3) to non-specified member |
|
2011-07-29 |
27 June 2011 External T.I. 2009-0350501E5 F - Gains et pertes sur change étranger |
Income Tax Act - Section 39 - Subsection 39(2) |
s. 39(2) gain or loss on USD-denominated purchase arises between acquisition and payment date |
|
2011-07-29 |
27 June 2011 External T.I. 2009-0350501E5 F - Gains et pertes sur change étranger |
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) |
s. 39(2) gain or loss does not affect CDA until year end |
|
2011-07-29 |
26 May 2011 External T.I. 2010-0354921E5 F - 212(1)d)(vi) - Exemption redevance droit d'auteur |
Income Tax Act - Section 212 - Subsection 212(1) - Paragraph 212(1)(d) - Subparagraph 212(1)(d)(vi) |
there now is a blanket exemption for all royalties (including lump sum advances for performances of a play) respecting copyright |
|
2011-07-29 |
19 July 2011 External T.I. 2010-0386411E5 F - Régime collectif d'assurance-salaire |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(f) - Subparagraph 6(1)(f)(v) |
contribution deduction is restarted with new employer |
|
2011-07-22 |
11 July 2011 External T.I. 2010-0367021E5 F - Cotisations excédentaires au REER |
Income Tax Act - Section 204.2 - Subsection 204.2(1.2) |
a taxable RRSP withdrawal reduces undeducted RRSP premiums and, as a result, the cumulative excess amount in respect of RRSPs |
|
2011-07-22 |
11 July 2011 External T.I. 2010-0367021E5 F - Cotisations excédentaires au REER |
Income Tax Act - Section 204.1 - Subsection 204.1(2.1) |
s. 204.1(2.1) tax ceases when, at the end of the month, there is no cumulative excess amount in respect of RRSPs |
|
2011-07-22 |
13 July 2011 External T.I. 2011-0400951E5 F - Alinéa 73(1.01)b) - régime de séparation de biens |
Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(b) |
s. 73(1.01)(b) can apply to a transfer occurring pursuant to an ancillary agreement |
|
2011-07-15 |
4 July 2011 External T.I. 2010-0380071E5 F - Reer au décès |
Income Tax Act - Section 146 - Subsection 146(1.1) |
factors relevant to determining financial dependence |
|
2011-07-15 |
4 July 2011 External T.I. 2010-0380071E5 F - Reer au décès |
Income Tax Act - Section 146 - Subsection 146(1) - Benefit - Paragraph (a) |
not a taxable “benefit” to non-annuitant if included in annuitant’s income under s. 146(8.8 |
