2011-03-04 |
8 October 2010 Roundtable, 2010-0373311C6 F - Oeuvres d'artistes étrangers |
Income Tax Regulations - Regulation 1102 - Subsection 1102(1) - Paragraph 1102(1)(e) |
foreign art work decorating corporate offices is non-depreciable |
2011-03-04 |
8 October 2010 Roundtable, 2010-0373311C6 F - Oeuvres d'artistes étrangers |
Income Tax Act - Section 15 - Subsection 15(1) |
art used to decorate the office of a shareholder-employee generally does not generate a s. 15(1) benefit |
2011-02-25 |
8 February 2011 External T.I. 2011-0392401E5 F - Crédit d'impôt pour frais médicaux |
Income Tax Act - Section 118.4 - Subsection 118.4(2) |
expenses of Quebec massage therapists were ineligible |
2011-02-25 |
8 October 2010 Roundtable, 2010-0373141C6 F - Related corporations |
Income Tax Act - Section 251 - Subsection 251(2) - Paragraph 251(2)(c) - Subparagraph 251(2)(c)(i) |
CRA would require demonstration that 4 individuals owning Opco A and B in the same proportions did not act in concert |
2011-02-25 |
8 October 2010 Roundtable, 2010-0373161C6 F - Paragraphs 256(3) and 256(6) ITA |
Income Tax Act - Section 256 - Subsection 256(6) |
application could prevent acquisition of control or preclude loss of CCPC status |
2011-02-25 |
8 October 2010 Roundtable, 2010-0373191C6 F - Computation of safe income |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
where interest in partnership holding Subco with safe income is rolled into Holdco for prefs, dividends from Subco do not change consolidated SIOH of prefs – or increase commons’ SIOH |
2011-02-25 |
1 February 2011 External T.I. 2010-0386621E5 F - Prélèvement et conservation de cellules souches |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(a) |
stem cell harvesting and storage costs ineligible as not relating to an existing medical condition |
2011-02-25 |
1 February 2011 External T.I. 2010-0386621E5 F - Prélèvement et conservation de cellules souches |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(o) |
stem cell harvesting and storage costs ineligible as do not assist in diagnosis etc. |
2011-02-18 |
8 October 2010 Roundtable, 2010-0373131C6 F - Présomption d'action concertée |
Income Tax Act - Section 251.2 - Subsection 251.2(2) - Paragraph 251.2(2)(a) |
Q of fact re whether 3 or more CCPC shareholders form a group |
2011-02-18 |
24 January 2011 Internal T.I. 2010-0389251I7 F - Farm-out agreement and warrants |
Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (j) |
CEE to be incurred under simple farmout reduced by an allocation to warrants issued by farmee |
2011-02-18 |
24 January 2011 Internal T.I. 2010-0389251I7 F - Farm-out agreement and warrants |
Income Tax Act - Section 15 - Subsection 15(1) |
valuation of “free” warrants issued as part of a simple farmout agreement determined based on what would be a s. 15(1) benefit |
2011-02-18 |
24 January 2011 Internal T.I. 2010-0389251I7 F - Farm-out agreement and warrants |
General Concepts - Fair Market Value - Options |
amount allocated out of consideration to “free” warrants based on the greater of their trading and in-the-money value |
2011-02-18 |
24 January 2011 Internal T.I. 2010-0389251I7 F - Farm-out agreement and warrants |
Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (f) |
application of farmout policy to situation where free warrants issued along with incurring of CEE |
2011-02-18 |
9 December 2010 Internal T.I. 2010-0371741I7 F - Automobiles mises à la disposition des employés |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(e) |
employer-provided automobile to attend occasional off-site meetings did not generate a benefit |
2011-02-18 |
9 December 2010 Internal T.I. 2010-0371741I7 F - Automobiles mises à la disposition des employés |
Income Tax Act - Section 248 - Subsection 248(1) - Automobile |
qualification as automobiles turns on design, not use |
2011-02-11 |
12 January 2011 Internal T.I. 2010-0375801I7 F - Bien agricole admissible détenu avant 1987 |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(c) - Subparagraph 110.6(1.3)(c)(ii) |
lands of widow analyzed on a cadastral lot-by-lot basis, so that only those that had been used by deceased husband in farming qualified |
2011-02-11 |
12 January 2011 Internal T.I. 2010-0375801I7 F - Bien agricole admissible détenu avant 1987 |
Income Tax Act - Section 248 - Subsection 248(1) - Property |
property status of Quebec lands divided into cadastral lots was analyzed on a lot-by-lot basis |
2011-02-11 |
24 January 2011 Internal T.I. 2010-0390111I7 F - GRIP Computation and Taxable Income for M&P Credit |
Income Tax Act - Section 89 - Subsection 89(7) |
income for M&P purposes not taken into account for purposes of the calculation |
2011-02-04 |
16 December 2010 Internal T.I. 2010-0380461I7 F - Cotisations versées à régime d'assurance-salaire |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(f) - Subparagraph 6(1)(f)(v) |
any net benefit under wage replacement plan to be reported by employer on T4 unless it has no control |
2011-02-04 |
11 January 2011 External T.I. 2010-0385231E5 F - Class 43.2 |
Income Tax Regulations - Schedules - Schedule II - Class 43.1 - Paragraph (d) - Subparagraph (d)(xiii) |
digester producing gas from municipal sludge for thermal production could qualify |
2011-02-04 |
11 January 2011 External T.I. 2010-0385231E5 F - Class 43.2 |
Income Tax Regulations - Schedules - Schedule II - Class 43.1 - Paragraph (d) - Subparagraph (d)(viii) |
biomass boiler using wood chips from poplars grown by taxpayer did not qualify |
2011-02-04 |
7 January 2011 Internal T.I. 2010-0382411I7 F - Rénovation - dépenses courantes ou en capital |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense |
repairing damages occurring during major renovation was on income account |
2011-02-04 |
5 January 2011 Internal T.I. 2010-0386951I7 F - Résident temporaire - PFCE |
Income Tax Act - Section 122.6 - Eligible Individual |
tax residency is referred to in (a) but not in (e)(ii) |
2011-02-04 |
14 January 2011 Internal T.I. 2010-0383261I7 F - Fin d'exercice d'une société de personnes |
Income Tax Act - Section 249.1 - Subsection 249.1(1) - Paragraph 249.1(1)(b)) - Subparagraph 249.1(1)(b)(ii) |
s. 249.1(1)(b)(ii) trumps CRA discretion under s. 249.1(7) |
2011-02-04 |
14 January 2011 Internal T.I. 2010-0383261I7 F - Fin d'exercice d'une société de personnes |
Income Tax Act - Section 249.1 - Subsection 249.1(7) |
CRA could under s. 249.1(7) authorize changed partnership year ends that did not extend beyond calendar year limitation in 249.1(1)(b)(ii) |
2011-02-04 |
15 December 2010 External T.I. 2009-0349911E5 F - Calcul du PBR d'une participation dans une SEC |
Income Tax Act - Section 53 - Subsection 53(1) - Paragraph 53(1)(e) - Subparagraph 53(1)(e)(i) |
no ACB bump for gains realized in the year until Day 1 of following year |
2011-02-04 |
15 December 2010 External T.I. 2009-0349911E5 F - Calcul du PBR d'une participation dans une SEC |
Income Tax Act - Section 40 - Subsection 40(3.1) |
withdrawal equalling capital gain realized in year by LP triggered negative ACB gain to limited partner |
2011-01-28 |
7 January 2011 Internal T.I. 2010-0387011I7 F - DPA dans une année prescrite |
Income Tax Act - Section 152 - Subsection 152(4) |
tax from s. 152(4)(a)(i) reassessment of statute-barred year could not be offset through increased CCA claims for that year |
2011-01-28 |
7 January 2011 Internal T.I. 2010-0387011I7 F - DPA dans une année prescrite |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(a) - Revising Claims |
CCA claims could not be increased in “open” year to generate loss for carryback to year CRA had reassessed outside the normal reassessment period |
2011-01-28 |
5 January 2011 Internal T.I. 2010-0389761I7 F - Application du paragraphe 162(7.01) |
Income Tax Act - Section 162 - Subsection 162(7.01) |
s. 162(7.01) penalty is cumulative with (7.02). and is computed aggregating base and summary slips and both are computed from initial final deadline if s. 220(3) deadline is missed |
2011-01-28 |
7 January 2011 Internal T.I. 2010-0389181I7 F - Paiement forfaitaire - pension alimentaire |
Income Tax Act - Section 56.1 - Subsection 56.1(4) |
lump sum support payment did not qualify |
2011-01-07 |
1 December 2010 External T.I. 2010-0385491E5 F - Postes isolés dans la fonction publique |
Income Tax Act - Section 248 - Subsection 248(1) - Private Health Services Plan |
employer agreement to pay transportation costs from remote location re medical appointments could qualify as an exempt PHSP |
2010-12-31 |
9 December 2010 External T.I. 2010-0364001E5 F - Ristourne de consommation, feuillet T4A |
Income Tax Act - Section 135 - Subsection 135(7) |
no income inclusion re consumer goods or services |
2010-12-31 |
9 December 2010 External T.I. 2010-0364001E5 F - Ristourne de consommation, feuillet T4A |
Income Tax Regulations - Regulation 218 |
T4A required where annual payments in proportion to patronage exceed $500 |
2010-12-24 |
9 December 2010 External T.I. 2010-0388101E5 F - CCPC status and acquisition of control |
Income Tax Act - Section 249 - Subsection 249(4) - Paragraph 249(4)(b) |
CCPC whose control has been agreed to be acquired by Pubco can elect to extend its deemed s. 249(3.1) year end under s. s. 249(4)(b) |
2010-12-24 |
9 December 2010 External T.I. 2010-0388101E5 F - CCPC status and acquisition of control |
Income Tax Act - Section 249 - Subsection 249(3.1) |
CCPC which has a December 26 deemed year end under ss. 249(3.1) and 251(1)(b) that is extended to December 31 under s. 249(4)(b) loses SBC for that extended year |
2010-12-24 |
7 December 2010 External T.I. 2010-0363431E5 F - Date limite cotisation REER |
Income Tax Act - Section 146 - Subsection 146(5) |
60-day contribution deadline is met based on receipt of cheque by issuer, not its deposit |
2010-12-24 |
7 December 2010 External T.I. 2010-0363431E5 F - Date limite cotisation REER |
General Concepts - Payment & Receipt |
RRSP premium “paid” when cheque received by issuer, not when it’s deposited |
2010-12-17 |
2 December 2010 External T.I. 2010-0376451E5 F - Paragraphe 69(11) et transfert de biens agricoles |
Income Tax Act - Section 70 - Subsection 70(9) |
s. 70(9.01) could apply to devise of farming property, that was farmed by father but not sons, to them |
2010-12-17 |
2 December 2010 External T.I. 2010-0376451E5 F - Paragraphe 69(11) et transfert de biens agricoles |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(a) |
capital gains exemption could apply where farming property, that was farmed by father but not sons, is devised to sons who then sell |