2006-01-06 |
16 December 2005 External T.I. 2005-0150411E5 F - Roll-over Provisions and Partnership |
Income Tax Act - Section 248 - Subsection 248(1) - Taxpayer |
partnership with non-resident partners is a taxpayer for s. 51(1), 85.1(1) or 86(1) rollover purposes |
2006-01-06 |
16 December 2005 External T.I. 2005-0150411E5 F - Roll-over Provisions and Partnership |
Income Tax Act - Section 96 - Subsection 96(1) - Paragraph 96(1)(a) |
partnership is taxpayer for income computation purposes even if it has non-resident partners |
2006-01-06 |
22 December 2005 External T.I. 2005-0151091E5 F - Allocation de retraite - retenue à la source |
Income Tax Regulations - Regulation 100 - Subsection 100(3) - Paragraph 100(3)(c) |
confirmation of RRSP deduction limit is not required from the employee for the portion of the retiring allowance that is eligible for deduction under paragraph 60(j.1) |
2006-01-06 |
22 December 2005 External T.I. 2005-0162001E5 F - Déductibilité police d'assurance-vie |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e.2) |
no assignment as required for premium deductibility by the taxpayer where the bank starts out as the policy owner |
2005-12-09 |
21 November 2005 External T.I. 2005-0121232E5 F - Bien agricole admissible |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property |
holding of property for a period by their aunt disqualified it as a QFP |
2005-12-09 |
8 November 2005 Internal T.I. 2004-0109351I7 F - Frais juridiques - pension alimentaire |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees |
legal expenses to obtain increased support, but not to reduce a support obligation, are currently deductible |
2005-12-09 |
26 October 2005 External T.I. 2005-0117551E5 F - État des loyers de biens immeubles |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense |
costs of disinfecting, de-odourizing and repairing a rental home were currently deductible |
2005-12-09 |
26 October 2005 External T.I. 2005-0117551E5 F - État des loyers de biens immeubles |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) |
prohibition applied to travel and accommodation expenses incurred in dealing with a rental property left in substandard condition |
2005-12-09 |
8 November 2005 External T.I. 2005-0117791E5 F - Exonération des gains en capital |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (e) - Subparagraph (e)(ii) |
asset utilization test referred to in subpara. (e)(ii) takes into account the more stringent test in para. (d) |
2005-12-09 |
29 November 2005 Internal T.I. 2005-0130101I7 F - ITC - Logging Truck |
Income Tax Regulations - Regulation 4600 - Subsection 4600(2) - Paragraph 4600(2)(f) |
trucking by sub-contractor can qualify |
2005-12-09 |
9 November 2005 Internal T.I. 2005-0133261I7 F - Frais médicaux payés à l'avance |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(a) |
prepaid dental care does not qualify until the year in which the care is received |
2005-12-09 |
9 November 2005 Internal T.I. 2005-0133261I7 F - Frais médicaux payés à l'avance |
Income Tax Act - Section 118.2 - Subsection 118.2(1) - B - Paragraph (a) |
a receipt for prepaid medical care does not qualify |
2005-12-09 |
8 November 2005 External T.I. 2005-0148091E5 F - Résidence principale-deux unités de condominium |
Income Tax Act - Section 54 - Principal Residence |
two stacked condos connected by an interior staircase constituted two housing units |
2005-12-09 |
16 November 2005 Internal T.I. 2005-0153071I7 F - Interprétation de l'alinéa 147.4(1)c) |
Income Tax Act - Section 147.4 - Subsection 147.4(1) |
further single-premium contract must be acquired for subsequent employees rather than being added with additional premium to existing contract |
2005-12-09 |
9 November 2005 Internal T.I. 2005-0154301I7 F - Choix concernant les immobilisations admissibles |
Income Tax Regulations - Schedules - Schedule II - Class 14.1 |
operating agreement of care facility with province was goodwill because it could not be transferred without a transfer of the care business |
2005-12-09 |
9 November 2005 Internal T.I. 2005-0154301I7 F - Choix concernant les immobilisations admissibles |
Income Tax Act - Section 14 - Subsection 14(1.01) |
cost of property acquired can be nil |
2005-12-02 |
4 November 2005 External T.I. 2004-0108271E5 F - Frais juridiques-105(2) |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees |
legal fees costs incurred to defend the right of use of the property were capital expenditures |
2005-12-02 |
17 November 2005 External T.I. 2005-0118101E5 F - Disposition réputée |
Income Tax Act - Section 128.1 - Subsection 128.1(4) - Paragraph 128.1(4)(b) |
deemed disposition is not to an arm’s length person, so that no business investment loss can result |
2005-12-02 |
17 November 2005 External T.I. 2005-0118101E5 F - Disposition réputée |
Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(c) - Subparagraph 39(1)(c)(ii) |
no BIL can arise from a deemed disposition and reacquisition |
2005-12-02 |
17 November 2005 External T.I. 2005-0118181E5 F - Signification "was applicable" vs "s'est appliqué" |
Income Tax Act - 101-110 - Section 107 - Subsection 107(4.1) - Paragraph 107(4.1)(b) |
s. 75(2) “was applicable” even where there was no income to attribute |
2005-12-02 |
4 November 2005 External T.I. 2005-0131741E5 F - Don par testament d'un bien culturel |
Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(a) - Subparagraph 39(1)(a)(i.1) |
s. 39(1)(a)(i.1) extended to gift by spousal trust |
2005-11-18 |
15 November 2005 External T.I. 2005-0154801E5 F - Service Contract Payments - Filing of T1204 |
Income Tax Regulations - Regulation 237 - Subsection 237(2) |
T4A required where no T1204 filing required |
2005-11-11 |
2 November 2005 External T.I. 2004-0093601E5 F - Fiducie au profit d'un mineur |
Income Tax Act - 101-110 - Section 104 - Subsection 104(18) - Paragraph 104(18)(c) |
can be discretion regarding distribution of capital other than accumulated income |
2005-11-11 |
2 November 2005 External T.I. 2004-0093601E5 F - Fiducie au profit d'un mineur |
Income Tax Act - 101-110 - Section 104 - Subsection 104(18) - Paragraph 104(18)(d) |
there can be discretion to delay payment, but not as to the share |
2005-11-11 |
1 November 2005 External T.I. 2004-0100001E5 F - Revenu d'une fiducie réputé payable |
Income Tax Act - 101-110 - Section 104 - Subsection 104(18) - Paragraph 104(18)(c) |
trust can become discretionary once all beneficiaries have attained 21 |
2005-11-11 |
1 November 2005 External T.I. 2004-0100001E5 F - Revenu d'une fiducie réputé payable |
Income Tax Act - 101-110 - Section 104 - Subsection 104(24) |
position in ITTN No. 11 re payment of summer camp fees etc. also applies to non-discretionary trusts |
2005-11-11 |
27 October 2005 External T.I. 2004-0103431E5 F - Crédit d'impôt étranger-Gain en capital |
Income Tax Act - Section 126 - Subsection 126(1) |
claiming of principal residence exemption or capital loss carryforwards would generally preclude FTC for related US capital gains tax |
2005-11-04 |
20 September 2005 External T.I. 2005-0140601E5 F - Ristournes - Coop de travailleurs actionnaire |
Income Tax Act - Section 135 - Subsection 135(1) |
s. 135(1) can apply to payments to worker members of a shareholder worker co-operative |
2005-11-04 |
28 October 2005 External T.I. 2005-0145891E5 F - Redemption of Shares - Balance of Purchase Price |
Income Tax Act - Section 84 - Subsection 84(3) |
amount of deemed dividend arose on redemption date based on amount of covenanted future redemption payments |
2005-10-28 |
17 October 2005 External T.I. 2005-0139031E5 F - Activités exercées en dehors de la réserve |
Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(d.6) |
timber royalties derived from timber cutting off the reserve had non-reserve situs |
2005-10-28 |
17 October 2005 External T.I. 2005-0139031E5 F - Activités exercées en dehors de la réserve |
Income Tax Act - Section 149 - Subsection 149(1.2) |
timber royalties derived from agreement with provincial government but paid by 3rd party operator did not qualify |
2005-10-21 |
29 August 2005 External T.I. 2005-0125811E5 F - Actions prescrites: 6204(1)b) du Règlement |
Income Tax Regulations - Regulation 6204 - Subsection 6204(1) - Paragraph 6204(1)(b) |
likelihood that employees’ stock option shares would be immediately repurchased meant they were not prescribed shares |
2005-10-21 |
29 August 2005 External T.I. 2005-0125811E5 F - Actions prescrites: 6204(1)b) du Règlement |
Income Tax Act - Section 248 - Subsection 248(28) |
s. 248(28) does not preclude the application of s. 84(3) on the exercise of employee stock options and the immediate redemption of the acquired shares |
2005-10-21 |
18 October 2005 Internal T.I. 2005-0133411I7 F - Penalty for repeated failures to report income |
Income Tax Act - Section 163 - Subsection 163(1) |
simultaneous filing of returns for three successive years, each with unreported income, did not engage s. 163(1) (if no unreported income in prior years) |
2005-10-21 |
8 September 2005 Internal T.I. 2005-0133721I7 F - Crédit d'impôt - fonds de travailleurs |
Income Tax Act - Section 211.8 - Subsection 211.8(1) |
no s. 211.8(1) tax where shares of provincially regulated LSVCC are redeemed and where there is no acquisition of replacement shares |
2005-10-21 |
30 August 2005 External T.I. 2005-0134081E5 F - Transfert d'un REER entre conjoints de fait |
Income Tax Act - Section 146 - Subsection 146(16) - Paragraph 146(16)(b) |
application to RRSP transfer between two separated common-law partners pursuant to written separation agreement |
2005-10-21 |
17 August 2005 External T.I. 2005-0135911E5 F - REEE- Établissement d'enseignement à l'étranger |
Income Tax Act - Section 146.1 - Subsection 146.1(1) - Post-Secondary Educational Institution |
a foreign educational institution that is listed in the American Council on Education's Accredited Institutions of Postsecondary Education will be recognized as a "post-secondary educational institution" |
2005-10-21 |
6 October 2005 External T.I. 2005-0146061E5 F - Coop de travailleurs actionnaire - montants versés |
Income Tax Act - Section 82 - Subsection 82(1) - Paragraph 82(1)(a) |
interest on a preferred share was a dividend |
2005-10-21 |
6 October 2005 External T.I. 2005-0146061E5 F - Coop de travailleurs actionnaire - montants versés |
Income Tax Act - Section 136 - Subsection 136(2) |
workers shareholder cooperative qualified |
2005-10-21 |
6 October 2005 External T.I. 2005-0146061E5 F - Coop de travailleurs actionnaire - montants versés |
Income Tax Act - Section 135 - Subsection 135(4) - Allocation in Proportion to Patronage |
patronage dividend based on volume of work performed |