2010-08-13 |
23 June 2010 Internal T.I. 2010-0368161I7 F - 84.1 |
Income Tax Act - Section 84.1 - Subsection 84.1(2) - Paragraph 84.1(2)(b) |
s. 84.1(2)(b) inapplicable to individual’s transfer of ½ of Opco to Holdco (owned by 3 unrelated individuals) for note and non-voting pref |
2010-08-13 |
23 June 2010 Internal T.I. 2010-0368161I7 F - 84.1 |
Income Tax Act - Section 84.1 - Subsection 84.1(2.2) - Paragraph 84.1(2.2)(b) |
s. 84.1(2.2)(b) group can include a non-voting shareholder |
2010-08-13 |
4 August 2010 External T.I. 2009-0330501E5 F - Superficial loss |
Income Tax Act - Section 251.1 - Subsection 251.1(1) - Paragraph 251.1(1)(b) - Subparagraph 251.1(1)(b)(ii) |
X (holding the Opco non-voting shares), and a discretionary trust (holding the Opco voting shares) of which X was a beneficiary, were an affiliated group |
2010-08-06 |
26 July 2010 External T.I. 2009-0349481E5 F - 212(1)d)(i)-Marque de commerce utilisée au Canada |
Income Tax Act - Section 212 - Subsection 212(1) - Paragraph 212(1)(d) |
royalty for use outside Canada of trademark is subject to withholding |
2010-08-06 |
26 July 2010 External T.I. 2010-0368991E5 F - CIAPH - Société de personnes |
Income Tax Act - Section 118.05 - Subsection 118.05(1) - Qualifying Home |
partner is not precluded from claiming HBTC for residence acquired by partnership |
2010-08-06 |
7 July 2010 External T.I. 2010-0370611E5 F - Purchase of Shares by Subsidiary - Sec. 245 |
Income Tax Act - Section 245 - Subsection 245(4) |
position that an individual potentially can realize a capital gain by selling shares to a Newco sub of the corporation for cash does not depend on there being a s. 87 or 88 merger of Newco and the corporation |
2010-08-06 |
7 July 2010 External T.I. 2010-0370611E5 F - Purchase of Shares by Subsidiary - Sec. 245 |
Income Tax Act - Section 84.1 - Subsection 84.1(1) |
realization by an individual of capital gain by selling shares to the corporation’s Newco sub requires inter alia that any basis created in Newco not be abused |
2010-08-06 |
28 June 2010 External T.I. 2010-0362391E5 F - Revenus de récompenses |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(n) |
awards for winning music competitions might or might not be prescribed prizes |
2010-07-30 |
30 June 2010 External T.I. 2009-0327881E5 F - FFCP Délai de production T3 |
Income Tax Regulations - Regulation 204 - Subsection 204(2) |
s. 132.1 merger accelerates T3 return-filing deadline |
2010-07-30 |
30 June 2010 External T.I. 2009-0327881E5 F - FFCP Délai de production T3 |
Income Tax Act - Section 220 - Subsection 220(3) |
requirements for application to extend T3 filing deadline following s. 132.1 merger |
2010-07-30 |
30 June 2010 External T.I. 2009-0327881E5 F - FFCP Délai de production T3 |
Income Tax Regulations - Regulation 204.1 - Subsection 204.1(2) |
no requirement to file with CDS if MFT is not listed |
2010-07-23 |
14 July 2010 External T.I. 2010-0361431E5 F - Usage d'une automobile fournie par l'employeur |
Income Tax Act - Section 6 - Subsection 6(2) |
days include all those where the employee has the keys, including on weekends |
2010-07-16 |
24 June 2010 External T.I. 2010-0358981E5 F - Déductibilité de dépistage de la XXXXXXXXXX |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
expense of bacteria testing can be deductible even though expenditures do not themselves generate revenue |
2010-07-16 |
11 May 2010 External T.I. 2009-0339151E5 F - Paragraphe 44.1 - " actions de remplacement |
Income Tax Act - Section 44.1 - Subsection 44.1(1) - Replacement Share |
replacement share not required to continue to be of an eligible small business corporation after its issue |
2010-07-09 |
21 June 2010 External T.I. 2010-0355971E5 F - Montants versés à des administrateurs |
Income Tax Act - Section 81 - Subsection 81(3.1) |
potential exclusion for part-time directors who receive travel allowance for travel to out-of-region board meetings |
2010-07-09 |
21 June 2010 External T.I. 2010-0355971E5 F - Montants versés à des administrateurs |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
payment of accommodation, travel and meal expenses for attending directors’ meeting out of the region likely not a benefit, but tickets to events likely taxable |
2010-07-09 |
28 June 2010 External T.I. 2010-0357081E5 F - Crédit d'impôt pour la rénovation domiciliaire |
Income Tax Act - Section 252 - Subsection 252(3) |
HRTC administrative exception that separated spouses are not treated as spouses |
2010-07-09 |
28 June 2010 External T.I. 2010-0357081E5 F - Crédit d'impôt pour la rénovation domiciliaire |
Income Tax Act - Section 118.04 - Subsection 118.04(1) - Eligible Dwelling - Paragraph (b) |
ordinary inhabitation can commence at the end of the eligible period |
2010-07-09 |
28 June 2010 External T.I. 2010-0357081E5 F - Crédit d'impôt pour la rénovation domiciliaire |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Incurring of Expense |
home renovation expenses generally considered to be incurred by the individual even where reimbursed by insurance company |
2010-07-02 |
21 May 2010 External T.I. 2009-0352221E5 F - Bien de remplacement- résidence principale |
Income Tax Act - Section 44 - Subsection 44(5) - Paragraph 44(5)(a.1) |
replacement property rules re involuntary disposition of secondary residence in country could apply to replacement property in city |
2010-07-02 |
14 May 2010 External T.I. 2009-0323151E5 F - Cross Border Stock Option |
Income Tax Act - Section 128.1 - Subsection 128.1(1) - Paragraph 128.1(1)(b) - Subparagraph 128.1(1)(b)(iv) |
individual fully taxable on s. 7 benefit without carve-out for portion that had accrued prior to immigration to Canada |
2010-07-02 |
23 June 2010 External T.I. 2010-0365581E5 F - Règles d'attribution de l'article 74.2 |
Income Tax Act - Section 74.5 - Subsection 74.5(1) - Paragraph 74.5(1)(c) |
s. 74.2(1) inapplicable to transfer at FMV of property to a discretionary family trust, with capital gain on property subsequently distributed to spouse of transferor |
2010-07-02 |
23 June 2010 External T.I. 2010-0365581E5 F - Règles d'attribution de l'article 74.2 |
Income Tax Act - Section 75 - Subsection 75(2) |
s. 75(2)(a)(i) is satisfied where a person transferring to a trust holds a capital interest in that trust |
2010-07-02 |
17 May 2010 External T.I. 2009-0346011E5 F - Immeuble - Convention Canada - Portugal |
Income Tax Act - Section 54 - Principal Residence - Paragraph (a) |
Portuguese home of Canadian resident could qualify for the principal residence exemption |
2010-07-02 |
17 May 2010 External T.I. 2009-0346011E5 F - Immeuble - Convention Canada - Portugal |
Treaties - Income Tax Conventions - Article 25 |
no discrimination in Canada taxing a Canadian resident on a Portuguese real estate gain exempted from Portuguese tax |
2010-06-25 |
16 June 2010 External T.I. 2009-0344861E5 F - Actifs de la Catégorie 16 |
Income Tax Regulations - Schedules - Schedule II - Class 16 - Paragraph 16(e) |
pick-up trucks leased out on short-term basis but also used as described in (e)(ii) of automobile are in Class 16 - otherwise, Class 10 |
2010-06-25 |
11 June 2010 External T.I. 2010-0354881E5 F - Traitement fiscal de la FNACC |
Income Tax Act - Section 20 - Subsection 20(16) |
ceasing to use a class of depreciable property to generate income results in a terminal loss under ss. 45(1)(a) and 20(16) |
2010-06-25 |
11 June 2010 External T.I. 2010-0354881E5 F - Traitement fiscal de la FNACC |
Income Tax Act - Section 45 - Subsection 45(1) - Paragraph 45(1)(a) |
application of s. 45(1)(a) to film production that ceased to generate income, resulting in a terminal loss under s. 20(16) |
2010-06-25 |
2 June 2010 External T.I. 2010-0354951E5 F - Bien de remplacement-disp. involontaire |
Income Tax Act - Section 44 - Subsection 44(5) - Paragraph 44(5)(a.1) |
rental building did not qualify as a replacement property to an expropriated parking lot because of different physical attributes |
2010-06-18 |
1 June 2010 External T.I. 2009-0352811E5 F - Frais de transport- chantier particulier |
Income Tax Act - Section 6 - Subsection 6(6) - Paragraph 6(6)(b) - Subparagraph 6(6)(b)(i) |
allowance paid to car-pooling employees with stopover at employer's establishment could qualify |
2010-06-18 |
4 June 2010 External T.I. 2009-0324801E5 F - catégorie 43 |
Income Tax Regulations - Schedules - Schedule II - Class 43 |
potential inclusion of moulds and cranes, but not forklift truck |
2010-06-18 |
1 June 2010 External T.I. 2009-0333481E5 F - Frais d'aliments et de boissons |
Income Tax Act - Section 67.1 - Subsection 67.1(1) |
restaurant meals incurred in restaurant review business subject to 50% rule |
2010-06-18 |
9 June 2010 External T.I. 2009-0342081E5 F - Associé déterminé |
Income Tax Act - Section 248 - Subsection 248(1) - Specified Member |
trust member of partnership can be actively engaged through the activities of its trustee |
2010-06-18 |
9 June 2010 External T.I. 2009-0342081E5 F - Associé déterminé |
Income Tax Act - 101-110 - Section 104 - Subsection 104(1) |
s. 104(1) imputes the activities of the trustee to the trust for “specified member” purposes |
2010-06-18 |
7 June 2010 External T.I. 2009-0331731E5 F - CII et crédit de taxe sur le capital du Québec |
Income Tax Act - Section 13 - Subsection 13(7.2) |
Quebec ITCs or capital tax credits reduce the LP’s UCC at end of its October 31 fiscal period following the calendar year in which its partners claimed those credits |
2010-06-11 |
4 June 2010 External T.I. 2010-0358811E5 F - Catégorie d'amortissement d'un moule |
Income Tax Regulations - Schedules - Schedule II - Class 29 |
moulds potentially includible in Class 29 or 43 |
2010-06-11 |
2 June 2010 External T.I. 2009-0343381E5 F - Frais de préposé aux soins |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(b) |
behavioural and cognitive therapy of autistic child 35 hour per week likely was not “care” |
2010-06-04 |
19 May 2010 External T.I. 2010-0364131E5 F - Issuance - Discretionary shares |
Income Tax Act - Section 15 - Subsection 15(1) |
subscription for discretionary shares of Opco might represent a s. 15(1) benefit conferred by Opco on subscriber, or engage s. 69(1)(b) where this is benefit conferred by existing shareholder |
2010-06-04 |
19 May 2010 External T.I. 2010-0364131E5 F - Issuance - Discretionary shares |
Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) |
Kieboom/s. 69(1)(b) rather than s. 15(1) where benefit conferred by shareholder rather than corporation |
2010-06-04 |
19 May 2010 External T.I. 2010-0364131E5 F - Issuance - Discretionary shares |
Income Tax Act - Section 74.1 - Subsection 74.1(1) |
application of Kiebom to consider interest in corp to have been transferred to spouse could engage s. 74.1(1) |