2007-01-05 |
21 December 2006 External T.I. 2006-0170851E5 F - Option d'achat de biens immeubles |
Income Tax Act - Section 13 - Subsection 13(1) |
recapture of depreciation previously claimed for farm was farming income |
2007-01-05 |
6 October 2006 Roundtable, 2006-0197111C6 F - Le paragraphe 70(5.3) de la Loi. |
Income Tax Act - Section 70 - Subsection 70(5.3) |
s. 70(5.3) does not deal with impact of life insurance proceeds on different classes of shares |
2007-01-05 |
27 October 2006 External T.I. 2006-0212001E5 F - Immobilisations admissibles - Quotas |
Income Tax Act - Section 14 - Subsection 14(3) |
pro rata, not FIFO, method should be used to determine what portion of disposed of farm quota units were derived from a s. 14(3) pool |
2006-12-29 |
15 December 2006 External T.I. 2005-0159931E5 F - Frais de fonctionnement et allocation automobile |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
where employee reimbursed for full operating cost of vehicle, personal use portion is a benefit |
2006-12-29 |
6 December 2006 External T.I. 2005-0163291E5 F - Résiliation d'une entente contractuelle |
Income Tax Act - Section 9 - Timing |
lump sum payment for termination of services contract likely fully deductible when paid |
2006-12-29 |
6 December 2006 External T.I. 2006-0152101E5 F - Disposition d'un domaine résiduel |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(b) |
principal residence exemption extends to s. 43.1(1) gain |
2006-12-29 |
6 December 2006 External T.I. 2006-0152101E5 F - Disposition d'un domaine résiduel |
Income Tax Act - Section 43.1 - Subsection 43.1(2) - Paragraph 43.1(2)(b) |
ACB addition to residual interest in farm principal residence disposed of to family farm corporation |
2006-12-29 |
30 October 2006 External T.I. 2006-0170071E5 F - Attribution de revenus - société en commandite |
Income Tax Act - 101-110 - Section 103 - Subsection 103(1) |
allocation of deferred gain to partners, who previously had contributed on a s. 97(2) rollover basis, seemed reasonable |
2006-12-29 |
4 December 2006 External T.I. 2006-0185301E5 F - Allocation automobile |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(x) |
allowance cannot be bifurcated so as to result in a component reasonable allowance |
2006-12-29 |
4 December 2006 External T.I. 2006-0185301E5 F - Allocation automobile |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(xi) |
meaning of mixed allowance |
2006-12-29 |
6 October 2006 Roundtable, 2006-0197131C6 F - Police soins de longue durée |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(q) |
premiums for policy providing both fixed benefit to cover costs of staying in a long-term care facility and of nursing care, would not qualify |
2006-12-29 |
6 October 2006 Roundtable, 2006-0197161C6 F - Étendu de l'allégement - Bulletin IT-470R |
Income Tax Act - Section 3 - Paragraph 3(a) |
potential exemption of commissions earned on life insurance policies issued to family members |
2006-12-29 |
16 November 2006 External T.I. 2006-0198811E5 F - Article 28 - Entreprise agricole |
Income Tax Act - Section 248 - Subsection 248(1) - Farming |
hatchery is farming because the product is produced by “natural biological growth and change” |
2006-12-29 |
4 December 2006 Internal T.I. 2006-0211061I7 F - Rentes pour incapacité et stabilisation sociale |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(v) |
monthly disability benefits after accident, and monthly top-up payment after return to work at lower pay, came within ss. 56(1)(v) and 110(1)(f)(ii) |
2006-12-15 |
6 October 2006 Roundtable, 2006-0197041C6 F - Rente prescrite et hypothèque mobilière |
Income Tax Regulations - Regulation 304 - Subsection 304(1) - Paragraph 304(1)(c) - Subparagraph 304(1)(c)(iv) - Clause 304(1)(c)(iv)(D) |
prescribed annuity contract can be encumbered by a moveable hypothec |
2006-12-15 |
6 October 2006 Roundtable, 2006-0197051C6 F - Abri fiscal: Don de valeurs mobilières |
Income Tax Act - Section 237.1 - Subsection 237.1(1) - Tax Shelter |
question of fact whether gift of securities described in s. 38(a.1) |
2006-12-15 |
6 October 2006 Roundtable, 2006-0197211C6 F - Transfert de police d'ass-vie entre sociétés |
Income Tax Act - Section 15 - Subsection 15(1) |
s. 15(1) could apply to the individual shareholder of Aco and Bco where Aco transfers an insurance policy at an undervalue to Bco |
2006-12-15 |
6 October 2006 Roundtable, 2006-0197211C6 F - Transfert de police d'ass-vie entre sociétés |
Income Tax Act - Section 148 - Subsection 148(7) |
s. 148(7) applicable to policy transfer between sister corps |
2006-12-08 |
15 November 2006 External T.I. 2006-0190041E5 F - Biogas / Codigestion Process / Produced for Sale |
Income Tax Regulations - Schedules - Schedule II - Class 43.1 |
supplementation of manure with organic waste in input to anaerobic digester would disqualify it as Class 43.1 property, as would the sale of more than 50% of the biogas produced |
2006-12-08 |
30 November 2006 External T.I. 2006-0191541E5 F - Primes d'assurance-vie et d'assurance-invalidité |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e.2) |
premiums on life insurance policy required by lender deductible even though loan government-guaranteed, but premiums on lender-required disability policy not deductible |
2006-12-08 |
30 November 2006 External T.I. 2006-0191541E5 F - Primes d'assurance-vie et d'assurance-invalidité |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Financing Expenditures |
premiums on disability policy required by lender are capital expenditures |
2006-12-08 |
30 November 2006 External T.I. 2006-0191541E5 F - Primes d'assurance-vie et d'assurance-invalidité |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e.1) |
guarantee fee does not include premiums on lender-required insurance policy |
2006-12-08 |
30 November 2006 External T.I. 2006-0191541E5 F - Primes d'assurance-vie et d'assurance-invalidité |
Income Tax Act - Section 148 - Subsection 148(9) - Disposition - Paragraph (j) |
tax free receipt of life insurance proceeds by lender on policy required by it of the borrower |
2006-12-08 |
30 November 2006 External T.I. 2006-0191541E5 F - Primes d'assurance-vie et d'assurance-invalidité |
Income Tax Act - Section 148 - Subsection 148(9) - Disposition - Paragraph (h) |
tax free receipt of disability insurance proceeds by lender on policy required by it of the borrower |
2006-12-08 |
6 October 2006 Roundtable, 2006-0197151C6 F - Acquisition selon convention entre actionnaires |
Income Tax Act - Section 70 - Subsection 70(9.2) |
children’s exercise of a right in a shareholders’ agreement to acquire farmco shares that is triggered on their father’s death would not be a consequence of his death |
2006-12-08 |
6 October 2006 Roundtable, 2006-0197151C6 F - Acquisition selon convention entre actionnaires |
Income Tax Act - Section 248 - Subsection 248(8) - Paragraph 248(8)(a) |
children exercising right in shareholders’ agreement to acquire shares on father's death would not be a consequence of his death, cf. if pursuant to his will |
2006-12-01 |
11 December 1995 Internal T.I. 95056370 - Traitement fiscal - versement particulier - indien |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(u) |
benefits paid to Cree hunters regarding their hunting and trapping activities were s. 56(1)(u) support payments that were not exempted under s. 87 |
2006-12-01 |
11 December 1995 Internal T.I. 95056370 - Traitement fiscal - versement particulier - indien |
Other Legislation/Constitution - Federal - Indian Act - Section 87 |
benefits paid to Crees to support their traditional hunter lifestyle were social assistance |
2006-11-17 |
15 November 2006 External T.I. 2004-0083461E5 F - Feb. 2004 Proposals - Paragraph 85(1)(d.11) |
Income Tax Act - Section 85 - Subsection 85(1) - Paragraph 85(1)(d.11) |
application date of s. 85(1)(d.11) |
2006-11-17 |
7 October 2005 Roundtable, 2005-0140891C6 F - Disposition d'une immobilisation |
Income Tax Act - Section 14 - Subsection 14(1) - Paragraph 14(1)(b) |
illustration of application of formula where the vendor of goodwill previously acquired it in a NAL transfer at a gain to the transferor |
2006-11-17 |
7 October 2005 Roundtable, 2005-0141021C6 F - Actions admissibles de petite entreprise |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
if Opco and Realtyco are held equally by two unrelated individuals, Realtyco is not an SBC if it holds more than 50% of its assets as debt of Opco |
2006-11-17 |
7 October 2005 Roundtable, 2005-0141151C6 F - Lotissement de biens |
Income Tax Act - Section 248 - Subsection 248(21) |
s. 248(21) can apply to partitioning a building into separately-owned units |
2006-11-17 |
12 September 2006 Internal T.I. 2005-0147801I7 F - Déduction pour frais judiciaires d'un employé |
Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(b) |
legal fees incurred in defending against allegations of harassment were non-deductible |
2006-11-17 |
10 November 2006 External T.I. 2006-0174681E5 F - Salaire versé par un employé à un adjoint |
Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(i) - Subparagraph 8(1)(i)(ii) |
position in IT-352R2, para. 1 consistent with Longtin |
2006-11-17 |
8 November 2006 External T.I. 2006-0176171E5 F - Revente d'un bien amortissable - alinéa 13(7)e) |
Income Tax Act - Section 13 - Subsection 13(7) - Paragraph 13(7)(e) |
no deemed CCA class for s. 13(7)(e) denial |
2006-11-17 |
8 November 2006 External T.I. 2006-0176171E5 F - Revente d'un bien amortissable - alinéa 13(7)e) |
Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(b) - Subparagraph 39(1)(b)(i) |
capital loss denied on sale of building – proceeds reflected in UCC reduction |
2006-11-17 |
8 November 2006 External T.I. 2006-0176171E5 F - Revente d'un bien amortissable - alinéa 13(7)e) |
Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - F |
application of disposition expenses under Element F |
2006-11-17 |
7 November 2006 External T.I. 2006-0201261E5 F - REER: Legs à une fiducie exclusive au conjoint |
Income Tax Act - Section 146 - Subsection 146(8.1) |
surviving spouse would be "beneficially interested" in the estate of a deceased RRSP annuitant by virtue of being a beneficiary of a testamentary trust |
2006-11-17 |
14 November 2006 External T.I. 2006-0201371E5 F - FERR: Legs à une fiducie exclusive au conjoint |
Income Tax Act - Section 146.3 - Subsection 146.3(1) - Designated Benefit - Paragraph (a) |
amount funded with capital encroachment out of spousal trust equaling RRIF of testator would be eligible for the election |
2006-11-17 |
24 October 2006 Internal T.I. 2006-0203901I7 F - Avantage automobile |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
bus stop near the employee’s home does not qualify as a pick-up point regarding the exception for employer-assisted commuting |