Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2010-02-19 13 January 2010 Internal T.I. 2009-0334931I7 F - Demande de changement d'exercice Income Tax Act - Section 249.1 - Subsection 249.1(3) requested change to commencement of fiscal period entailed a change to the previous year end
8 February 2010 External T.I. 2009-0337691E5 F - Assurance frais-généraux Income Tax Act - Section 9 - Nature of Income excess of overhead disability insurance received over overhead expense actually incurred was s. 9 income
25 January 2010 Internal T.I. 2009-0338601I7 F - Déclaration de renseignements électronique Income Tax Act - Section 162 - Subsection 162(5) - Paragraph 162(5)(a) electronic filer must certify accuracy of filings before allowed access
Income Tax Act - Section 150.1 - Subsection 150.1(4) T183 only required where filer is not the taxpayer
25 January 2010 Internal T.I. 2009-0345501I7 F - Allocations pour frais de déplacement Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(vii.1) absence of any services rendered during travel indicates the travel was not in the course of employment
Income Tax Act - Section 6 - Subsection 6(6) - Paragraph 6(6)(b) - Subparagraph 6(6)(b)(i) potential application to track maintenance employees
22 January 2010 Internal T.I. 2009-0346971I7 F - Événement ayant lieu dans un club de golf Income Tax Act - Section 67.1 - Subsection 67.1(2) - Paragraph 67.1(2)(f) 67.1(2)(f) exclusion can apply to meals provided at a golf club
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(l) - Subparagraph 18(1)(l)(i) “facility” does not include a golf club's dining room, reception rooms, conference rooms, lounges or bar
5 February 2010 Internal T.I. 2009-0348921I7 F - Application d'un jugement de la CCI Income Tax Act - Section 6 - Subsection 6(6) - Paragraph 6(6)(a) Dupuis not being followed
8 February 2010 Internal T.I. 2009-0352721I7 F - Allocations pour frais de repas Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(vii) meaning of regular place of employment
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) no taxable benefit from $17 meal allowance paid where 2 or more hours of occasional contiguous overtime
2010-02-12 8 February 2010 External T.I. 2009-0335041E5 F - Résidence principale Income Tax Act - Section 54 - Principal Residence - Paragraph (a) house owned by occupant’s child could not qualify
4 February 2010 External T.I. 2009-0350671E5 F - CIRD - coûts de démolition et de reconstruction Income Tax Act - Section 118.04 - Subsection 118.04(1) - Qualifying Renovation demolishing and rebuilding did not qualify
2010-02-05 21 December 2009 Internal T.I. 2008-0296131I7 F - Fraction à risque Income Tax Act - Section 96 - Subsection 96(2.2) - Paragraph 96(2.2)(c) exception from s. 96(2.2)(c) for legitimate business loans from related parties
14 January 2010 Internal T.I. 2009-0323991I7 F - Débenture échangeable et opération à terme Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(f) only ½ deduction under s. 20(1)(f)(ii) for premium paid on cash-settling an exchangeable debenture under pre-2010 policy, and no s. 20(1)(f) deduction for cash settlement of forward
Income Tax Act - Section 9 - Capital Gain vs. Profit - Futures/Forwards/Hedges premium was paid on capital account in closing out a cash-settled forward entered into in order to monetize a shareholding
Income Tax Act - Section 152 - Subsection 152(1) CRA position of applying changes in published policy prospectively
Income Tax Act - Section 152 - Subsection 152(4) - Paragraph 152(4)(a) - Subparagraph 152(4)(a)(i) full deduction of amounts only partly, or not, deductible under s. 20(1)(f) would have caught the eye of a wise and prudent person reviewing the return
18 January 2010 External T.I. 2009-0340431E5 F - REER, exploitation d'une entreprise Income Tax Act - Section 146.2 - Subsection 146.2(6) TFSA or RRSP taxable on income from day-trading
15 January 2010 External T.I. 2009-0343841E5 F - Application du paragraphe 127(10.22) Income Tax Act - Section 127 - Subsection 127(10.22) interposition of Holdco broke a condition for application of s. 127(10.22)
1 February 2010 Internal T.I. 2010-0354671I7 F - Frais de gestion à une fiducie Income Tax Act - Section 67 CRA policy of not challenging reasonableness of bonuses paid by CCPC to an individual holding through Holdco does not apply where individual holds through trusts
2010-01-29 26 January 2010 External T.I. 2009-0344121E5 F - REER, déduction pour cotisations excédentaires Income Tax Act - Section 146 - Subsection 146(8.2) - Paragraph 146(8.2)(c) a reference in Part I to a notice of assessment refers to a Part I notice of assessment
19 January 2010 External T.I. 2009-0349421E5 F - Récompenses visées par règlement Income Tax Regulations - Regulation 7700 Quebec citizenship prizes are prescribed prizes
2010-01-22 11 January 2010 External T.I. 2009-0340591E5 F - Specified class - 256(1.1) of the Act Income Tax Act - Section 256 - Subsection 256(1.1) - Paragraph 256(1.1)(d) s. 256(1.1)(d) must be met throughout the period the shares were outstanding – but can cleanse with s. 51 exchange
Income Tax Act - Section 51 - Subsection 51(1) s. 51(1) exchange regarded as the new shares having been issued for consideration equalling the FMV of the old shares
8 January 2010 External T.I. 2009-0344061E5 F - Crédit d'impôt pour la rénovation domiciliaire Income Tax Act - Section 54 - Principal Residence partner can claim principal residence exemption
Income Tax Act - Section 118.04 - Subsection 118.04(1) - Eligible Dwelling - Paragraph (a) residence of a partnership, but not a corporation, can be an eligible dwelling
General Concepts - Ownership partner is “owner” of partnership property for principal residence exemption purposes
8 January 2010 External T.I. 2009-0349721E5 F - Crédit d'impôt pour la rénovation domiciliaire Income Tax Act - Section 96 partner implicitly treated as owning partnership property
Income Tax Act - Section 118.04 - Subsection 118.04(1) - Eligible Dwelling - Paragraph (a) partner incurring renovation expenses while occupying partnership residence can claim HRTC
13 January 2010 External T.I. 2010-0353221E5 F - CIRD - Réparations Income Tax Act - Section 118.04 - Subsection 118.04(1) - Qualifying Renovation minor repairs qualified as being on an enduring nature
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense repairing a lock, plumbing or parking lot surface is of an enduring nature
2010-01-15 18 December 2009 External T.I. 2009-0313121E5 F - Sommes reçues par un associé qui se retire Income Tax Act - Section 96 - Subsection 96(1.1) - Paragraph 96(1.1)(a) s. 98.1(1)(a) applies where an agreement to make a payment in compensation for partnership goodwill, cf. where agreement to allocate income
11 December 2009 Internal T.I. 2009-0350221I7 F - Prestations d'assurance emploi Income Tax Act - Section 60 - Paragraph 60(n) - Subparagraph 60(n)(iv) no administrative concession for backdated deduction if the taxpayer had no income in the year of EI repayment
2010-01-08 23 December 2009 External T.I. 2009-0341951E5 F - Déductibilité des frais d'emprunt Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e) - Subparagraph 20(1)(e)(ii) legal fees of lender re security package come within s. 20(1)(e)(ii)
2010-01-01 14 April 2009 External T.I. 2007-0238221E5 F - Rights of musician-Transfer Income Tax Act - Section 56 - Subsection 56(4) s. 56(4) generally will apply where royalty is transferred without assignment of copyright, with exception of SOCAN royalty
Income Tax Act - Section 56 - Subsection 56(2) s. 56(2) not applicable where copyright or royalty interests transferred at FMV
Income Tax Act - Section 85 - Subsection 85(1.1) right to royalties from SOCAN constituted eligible property
Income Tax Act - Section 125 - Subsection 125(7) - Specified Investment Business royalty income generated from an active business is itself active business income
3 December 2009 External T.I. 2009-0311921E5 F - ESOP-US Income Tax Act - Section 7 - Subsection 7(2) s. 7(2) applied to notional units (tracking shares of US parent) issued to Canadian employees of Canadian sub by an ESOP trust holding shares of the US parent

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