2007-03-16 |
9 March 2007 External T.I. 2006-0218501E5 F - Application de 75(2) lors d'une émission d'actions |
Income Tax Act - Section 75 - Subsection 75(2) |
s. 75(2) inapplicable to a corporation issuing shares to a trust of which it may become a beneficiary because it did not own the shares before their issuance |
2007-03-09 |
26 February 2007 External T.I. 2005-0159431E5 F - Renonciation aux revenus d'une fiducie |
Income Tax Act - 101-110 - Section 108 - Subsection 108(1) - Testamentary Trust - Paragraph (c) |
renunciation of income not yet realized is not a contribution to the trust |
2007-03-09 |
26 February 2007 External T.I. 2005-0159431E5 F - Renonciation aux revenus d'une fiducie |
Income Tax Act - 101-110 - Section 106 - Subsection 106(2) |
s. 106(2) inapplicable to renunciation of income not yet realized |
2007-02-23 |
16 February 2007 External T.I. 2006-0200541E5 F - Prestation universelle pour la garde d'enfants |
Income Tax Act - Section 74.1 - Subsection 74.1(2) |
UCCB benefit put into separate bank account for child subject to attribution |
2007-02-23 |
12 February 2007 External T.I. 2006-0214141E5 F - Régime d'assurance salaire |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) - Subparagraph 6(1)(a)(i) |
a qualifying group disability plan could utilize individual policies, but s. 6(1)(a)(i) exclusion not available where plan restricted to the two shareholder-managers |
2007-02-23 |
12 February 2007 External T.I. 2006-0214141E5 F - Régime d'assurance salaire |
Income Tax Act - Section 15 - Subsection 15(1) |
benefit from corporate employer’s payment of premiums under disability plan restricted to the two shareholder-managers was received qua shareholder rather than employee |
2007-02-23 |
15 February 2007 External T.I. 2006-0216851E5 F - REÉÉ - Définition de fiducie |
Income Tax Act - Section 146.1 - Subsection 146.1(1) - Trust - Paragraph (d) |
quaere whether payer can have control rights over the use of the RESP proceeds by university |
2007-02-16 |
6 February 2007 External T.I. 2006-0170921E5 F - Capital Gain Strip |
Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) - Subparagraph 55(3)(a)(ii) |
s. 55(3)(a)(ii) exclusion applies when Opco, in which two unrelated individuals having special voting shares, spins off real estate to Opco’s Holdco |
2007-02-16 |
16 November 2006 External T.I. 2006-0203131E5 F - Régime à traitement différé |
Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(a)(v) |
failure for leave to be taken at the end of the deferral period |
2007-02-16 |
16 November 2006 External T.I. 2006-0203131E5 F - Régime à traitement différé |
Income Tax Act - Section 5 - Subsection 5(1) |
advances received were salary rather than loans and, when repaid, reduced employment income |
2007-02-16 |
12 February 2007 External T.I. 2006-0205981E5 F - DAS programme de soutien financier pour handicapés |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(r) |
assistance paid to those with disabilities to assisting taking up employment came within s. 56(1)(r) |
2007-02-16 |
12 February 2007 External T.I. 2006-0205981E5 F - DAS programme de soutien financier pour handicapés |
Income Tax Regulations - Regulation 100 - Subsection 100(1) - Remuneration - Paragraph (h) |
assistance paid to those with disabilities to assisting taking up employment was “remuneration” subject to source deductions |
2007-02-16 |
18 December 2006 Internal T.I. 2006-0208611I7 F - Indemnités pour lésions professionnelles |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(v) |
application of ss. 56(1)(v) and 110(1)(f)(ii) to non-contractual amounts paid by bank pursuant to Canada Labour Code to Ontario employees, not in excess of the WSIB scales |
2007-02-16 |
18 December 2006 Internal T.I. 2006-0208611I7 F - Indemnités pour lésions professionnelles |
Income Tax Regulations - Regulation 232 - Subsection 232(4) |
Reg. 232(4) exclusions are broader than those listed |
2007-02-16 |
22 January 2007 External T.I. 2006-0212641E5 F - Crédit de taxe sur le capital du Québec |
Income Tax Act - Section 13 - Subsection 13(7.1) |
Quebec tax credit for qualified investments is government assistance recognized under s. 13(7.1) rather than s. 12(1)(x) |
2007-02-16 |
22 January 2007 External T.I. 2006-0212641E5 F - Crédit de taxe sur le capital du Québec |
Income Tax Act - Section 127 - Subsection 127(11.1) - Paragraph 127(11.1)(b) |
Quebec tax credit for qualified investments is deducted under s. 127(11.1)(b) in accordance with the ITTN No. 29 timing |
2007-02-16 |
25 January 2007 External T.I. 2006-0213961E5 F - Rémunération, assurance salaire, indemnité CSST |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(f) - Subparagraph 6(1)(f)(iii) |
wage maintenance amount paid in advance of workers’ compensation was reportable as s. 6(1)(f)(iii) income, with s. 8(1)(n) deduction when repaid after receipt under s. 56(1)(v) |
2007-02-16 |
25 January 2007 External T.I. 2006-0213961E5 F - Rémunération, assurance salaire, indemnité CSST |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(v) |
amount paid by employer in advance of workers’ compensation was reportable as s. 6(1)(f)(iii) income, with the employee later taking a s. 8(1)(n) deduction and a s. 56(1)(v) inclusion |
2007-02-09 |
26 January 2007 External T.I. 2005-0157751E5 F - Don d'un duplex et changement d'usage |
Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) |
generally appropriate to allocate the deemed proceeds between residence and rental portion on building square footage basis, with land to follow suit |
2007-02-09 |
26 January 2007 External T.I. 2005-0157751E5 F - Don d'un duplex et changement d'usage |
Income Tax Act - Section 13 - Subsection 13(7) - Paragraph 13(7)(b) |
1/2 step-up limitation where change of use |
2007-02-09 |
17 January 2007 Internal T.I. 2006-0216331I7 F - Association |
Income Tax Act - Section 256 - Subsection 256(2) |
administrative policy regarding late elections by third corporation |
2007-01-26 |
6 October 2006 Roundtable, 2006-0197031C6 F - Obligation achetée à prime |
Income Tax Act - Section 54 - Adjusted Cost Base |
premium paid on secondary purchase of bond is part of bond ACB |
2007-01-26 |
6 October 2006 Roundtable, 2006-0197031C6 F - Obligation achetée à prime |
Income Tax Act - Section 12 - Subsection 12(9.1) |
purchase of bond at a premium does not engage s. 12(9.1) |
2007-01-26 |
6 October 2006 Roundtable, 2006-0197031C6 F - Obligation achetée à prime |
Income Tax Regulations - Regulation 7000 - Subsection 7000(1) - Paragraph 7000(1)(b) |
bond that was purchased at a premium is not a Reg. 7000(1)(b) obligation |
2007-01-26 |
6 October 2006 Roundtable, 2006-0197091C6 F - Sens de série de paiements périodiques |
Income Tax Act - Section 60.01 |
successive partial IRA surrenders are excluded as “a series of periodic payments” |
2007-01-26 |
19 January 2007 Internal T.I. 2006-0216451I7 F - Fondation privée investissant dans une S.P. |
Income Tax Act - Section 96 |
separate legal personality of DRUPA (or DRULPA) partnerships does not preclude them from being partnerships |
2007-01-26 |
19 January 2007 Internal T.I. 2006-0216451I7 F - Fondation privée investissant dans une S.P. |
Income Tax Act - Section 149.1 - Subsection 149.1(4) - Paragraph 149.1(4)(a) |
foundation’s registration subject to revocation because it had invested in a Delaware partnership (with stated separate existence) carrying on business |
2007-01-19 |
17 January 2007 External T.I. 2005-0152601E5 F - Politique d'application RS & DE 1996-02 |
Income Tax Act - Section 37 - Subsection 37(1) - Paragraph 37(1)(a) |
LGL and Tigney pro rata approach to in-Canada requirement |
2007-01-19 |
10 January 2007 External T.I. 2006-0171132E5 F - Revenu locatif |
Income Tax Act - Section 3 - Paragraph 3(a) - Business Source/Reasonable Expectation of Profit |
house rented to daughter at below-market rent was not a source of income – rents excluded form income |
2007-01-19 |
10 January 2007 External T.I. 2006-0171132E5 F - Revenu locatif |
Income Tax Act - Section 54 - Principal Residence - Paragraph (a) |
exemption potentially available re bungalow rented (but not as a source of income) to daughter |
2007-01-19 |
16 January 2007 External T.I. 2006-0217641E5 F - Dépenses de vêtements - travailleur indépendant |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) |
clothing expenses of personal stylist are non-deductible |
2007-01-12 |
5 January 2007 External T.I. 2005-0133321E5 F - Validité d'un REER |
Income Tax Act - Section 248 - Subsection 248(3) - Paragraph 248(3)(c) |
RRSP arrangement that was not a civil law trust was cured by s. 248(3)(c) |
2007-01-12 |
3 January 2007 External T.I. 2006-0180601E5 F - Facturation entre deux sociétés affiliées. |
Income Tax Act - Section 230 - Subsection 230(1) |
invoices between domestic affiliates not required, but should be retained for evidentiary purposes consistently with IC-78-10R4 |
2007-01-12 |
3 January 2007 External T.I. 2006-0180601E5 F - Facturation entre deux sociétés affiliées. |
General Concepts - Evidence |
invoices between domestic affiliates are not required, but are recommended |
2007-01-12 |
15 December 2006 External T.I. 2006-0182471E5 F - Intérêts " explicitement identifiés " |
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) |
whether a court order or settlement “explicitly identifies” pre-judgment interest, so as to be taxable, is question of fact |
2007-01-05 |
13 December 2006 External T.I. 2005-0156201E5 F - Records on Heat Sensitized Paper |
Income Tax Act - Section 230 - Subsection 230(1) |
non-compliance with s. 230(1) does not preclude establishing an expense |
2007-01-05 |
13 December 2006 External T.I. 2005-0156201E5 F - Records on Heat Sensitized Paper |
General Concepts - Evidence |
documentary requirements if a receipt is not available |
2007-01-05 |
2 January 2007 External T.I. 2006-0156421E5 F - Frais médicaux |
Income Tax Act - Section 118.4 - Subsection 118.4(2) |
psychotherapists are not authorized to practise medicine in Quebec and, thus, are not medical practitioners |
2007-01-05 |
21 December 2006 External T.I. 2006-0170851E5 F - Option d'achat de biens immeubles |
Income Tax Act - Section 49 - Subsection 49(1) |
capital gain when amount received for extending an option |
2007-01-05 |
21 December 2006 External T.I. 2006-0170851E5 F - Option d'achat de biens immeubles |
Income Tax Act - Section 49 - Subsection 49(4) |
refiling when option exercise in subsequent year |