2004-02-27 |
30 January 2004 Internal T.I. 2003-0037191I7 F - Fabrication /sous-traitants/frais de gestion |
Income Tax Regulations - Regulation 5202 - Cost of Labour - Paragraph (b) - Subparagraph (b)(iii) |
tasks performed by subcontractors were not normally performed by employees |
2004-02-27 |
30 January 2004 Internal T.I. 2003-0037191I7 F - Fabrication /sous-traitants/frais de gestion |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
partial disallowance of salaries of taxpayer where it was not fully reimbursed by the recipient of their services |
2004-02-27 |
24 February 2004 External T.I. 2003-0041121E5 F - Avantages imposables-installations récréatives |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
making employer’s resort recreational facilities available to all employees not a taxable benefit |
2004-02-27 |
6 February 2004 External T.I. 2003-0044021E5 F - Les règles d'attribution et les REER |
Income Tax Act - Section 74.1 - Subsection 74.1(1) |
RRSP withdrawal of property funded with contribution by the annuitant's spouse is income to the spouse under s. 74.1(1) |
2004-02-27 |
23 February 2004 External T.I. 2003-0048121E5 F - Paiement reçu - annulation d'un contrat |
Income Tax Act - Section 9 - Capital Gain vs. Profit - Foreign Exchange |
surrogatum principle applied to FX hedging termination payment |
2004-02-27 |
24 February 2004 External T.I. 2003-0049351E5 F - Dommages moraux |
Income Tax Act - Section 3 - Paragraph 3(a) |
damages received for pain and suffering or loss of amenities of life are non-taxable |
2004-02-27 |
6 April 2003 External T.I. 2003-0054461E5 F - Traitement fiscal d'un cadeau |
Income Tax Act - Section 9 - Nature of Income |
“gift” may be business income to the recipient |
2004-02-20 |
13 February 2004 External T.I. 2003-0027361E5 F - Déductibilité des intérêts -TPS et TVQ |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
interest on assessments for failure to collect or remit GST that was collectible in respect of a business or property, is deductible |
2004-02-20 |
17 February 2004 Internal T.I. 2003-0046981I7 F - Paragraphe 98(5) de la Loi |
Income Tax Act - Section 98 - Subsection 98(5) |
s. 98(5) inapplicable on an amalgamation of the members |
2004-02-20 |
6 February 2004 Internal T.I. 2003-0052831I7 F - Application of subparagraph 84.1(2)(a.1)(ii) |
Income Tax Act - Section 84.1 - Subsection 84.1(2) - Paragraph 84.1(2)(a.1) |
no change to the ACB grind under s. 84.1(2)(a.1) if a loss is subsequently proposed to be carried back to reduce the amount that was claimed under s. 110.6(2.1) |
2004-02-13 |
9 February 2004 External T.I. 2003-0004401E5 F - Bien agricole admissible - fiducie |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property |
2 successive corporations could together satisfy the 24-month test in s. (a)(vi)(B) of qualified farm property |
2004-02-13 |
9 February 2004 External T.I. 2003-0004401E5 F - Bien agricole admissible - fiducie |
Income Tax Act - 101-110 - Section 104 - Subsection 104(21.2) |
sufficient for the disposed-of property to be qualified farm property to the disposing trust, and need not be qualified farm property to the beneficiary |
2004-02-13 |
27 January 2004 External T.I. 2003-0006025 F - Roulement d'une partie d'un bien |
Income Tax Act - Section 248 - Subsection 248(1) - Property |
s. 70(6) can apply to a part interest in a single real property |
2004-02-13 |
27 January 2004 External T.I. 2003-0006025 F - Roulement d'une partie d'un bien |
Income Tax Act - Section 70 - Subsection 70(6) |
rollover applicable to part interest transferred to surviving spouse |
2004-02-13 |
29 January 2004 External T.I. 2003-0040631E5 F - Rente de bienfaisance : contrat ou fiducie |
Income Tax Act - Section 75 - Subsection 75(2) |
amounts included in income of donor under charitable annuity arrangement under s. 75(2) is not also included under s. 56(1)(d) |
2004-02-13 |
6 February 2004 External T.I. 2003-0049461E5 F - Parité salariale - Pension rétroactive |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(a) - Subparagraph 56(1)(a)(i) |
retroactive pay-equity increase to the pension receipts of the deceased were s. 56(1)(a)(i) inclusions to the receiving estate |
2004-02-13 |
10 February 2004 External T.I. 2003-0053311E5 F - Indemnité de préavis - allocation de retraite |
Income Tax Act - Section 248 - Subsection 248(1) - Retiring Allowance |
bifurcation of termination payment into s. 5 payment in lieu, and excess as retiring allowance |
2004-02-13 |
6 February 2004 External T.I. 2004-0057821E5 F - Connected Corporations |
Income Tax Act - Section 186 - Subsection 186(1) - Paragraph 186(1)(a) |
connected corporation status is tested at the time of dividend receipt |
2004-02-06 |
29 January 2004 External T.I. 2003-0046151E5 F - RPE - Dissolution d'une société en commandite |
Income Tax Act - Section 32.1 - Subsection 32.1(1) - Paragraph 32.1(1)(a) |
no s. 32.1(1)(a) deduction for remaining EBP contributions that are assumed by the partners on partnership dissolution and then paid by them |
2004-02-06 |
29 January 2004 External T.I. 2003-0046151E5 F - RPE - Dissolution d'une société en commandite |
Income Tax Act - Section 96 - Subsection 96(1) - Paragraph 96(1)(a) |
application of s. 96(1)(a) presumption means that future deductions that would have been available to the partnership are lost on its dissolution |
2004-02-06 |
27 January 2004 External T.I. 2003-0047381E5 F |
Income Tax Act - Section 146 - Subsection 146(1) - Premium |
interest received by lender to an RRSP in excess of market rate is not a “premium” |
2004-02-06 |
27 January 2004 External T.I. 2003-0047381E5 F |
Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(j) |
mortgage interest rate must reflect normal commercial practice |
2004-02-06 |
27 January 2004 External T.I. 2003-0048891E5 F |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
indirect-use test not applied where income-producing property used as security for a personal-use loan, notwithstanding that the loan equalled the net capital invested in that property |
2004-02-06 |
29 January 2004 External T.I. 2003-0049111E5 F - Retenue d'impôt - Régime visé à l'alinéa 6801d) d |
Income Tax Act - Section 153 - Subsection 153(1) - Paragraph 153(1)(a) |
no source deductions while amounts are deferred under a Reg. 6801(d) plan |
2004-02-06 |
2 February 2004 External T.I. 2003-0050241E5 F - Déductibilité des intérêts |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
effective prohibition on receiving dividends on common shares for 24 months does not preclude interest deductibility |
2004-02-06 |
2 February 2004 External T.I. 2003-0052611E5 F - Montant de l'avantage au titre d'un don |
Income Tax Act - Section 248 - Subsection 248(32) |
where possible, advantage must be determined on a property-by-property basis |
2004-01-30 |
22 January 2004 External T.I. 2003-0006191E5 F - Frais et montant reçus lors de poursuite |
Income Tax Act - Section 15 - Subsection 15(1) |
legal fees paid by corporation in suit by it and its shareholder and his RRSP should be allocated pro rata to them even though the joint incremental costs were minimal |
2004-01-30 |
22 January 2004 External T.I. 2003-0006191E5 F - Frais et montant reçus lors de poursuite |
Income Tax Act - Section 54 - Proceeds of Disposition - Paragraph (f) |
damages received for portfolio mismanagement could be proceeds under para. (f) |
2004-01-30 |
22 January 2004 External T.I. 2003-0006191E5 F - Frais et montant reçus lors de poursuite |
Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(a) - Subparagraph 40(1)(a)(i) |
legal fees for successfully suing broker for portfolio mismanagement would reduce the resulting capital gain on receipt of the damages |
2004-01-30 |
20 January 2004 External T.I. 2003-0030291E5 F - Bien agricole admissible |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property |
s. 110.6(19) election prevented access to the pre-1987 rule |
2004-01-30 |
7 January 2004 External T.I. 2003-0032501E5 F - Transitional Rules/Allègement transitoire |
Income Tax Act - Section 112 - Subsection 112(3) |
CCRA adopts the order of disposition of shares chosen by the taxpayer in applying the grandfathering rules under ss. 112(3) and (3.2) |
2004-01-30 |
7 January 2004 External T.I. 2003-0032501E5 F - Transitional Rules/Allègement transitoire |
General Concepts - Transitional Provisions and Policies |
taxpayer could choose whether a disposition came out of a pool of grandfathered or non-grandfathered shares |
2004-01-30 |
19 January 2004 Internal T.I. 2003-0045911I7 F - Camionnette et définition de automobile |
Income Tax Act - Section 13 - Subsection 13(5) - Paragraph 13(5)(a) |
when truck is transferred from Class 10.1 to 10, the capital cost as originally limited under s. 13(7)(g) is used for Class 10 purposes |
2004-01-30 |
19 January 2004 Internal T.I. 2003-0045911I7 F - Camionnette et définition de automobile |
Income Tax Act - Section 248 - Subsection 248(1) - Automobile |
application of s. 13(5) where extended-cab pick-up truck ceased to be an automobile |
2004-01-30 |
19 January 2004 Internal T.I. 2003-0045911I7 F - Camionnette et définition de automobile |
Income Tax Act - Section 13 - Subsection 13(7) - Paragraph 13(7)(g) |
s. 13(7)(g) limitation was preserved when pick-up truck transferred from Class 10.1 to 10 |
2004-01-30 |
22 January 2004 Internal T.I. 2003-0047561I7 F - Effet de la délégation puis de la subrogation |
Income Tax Act - Section 42 |
payment under covenant of vendor regarding mortgage assumed by purchaser, who defaulted on its assumed obligation, did not generate a s. 42 loss |
2004-01-30 |
22 January 2004 Internal T.I. 2003-0047561I7 F - Effet de la délégation puis de la subrogation |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(g) - Subparagraph 40(2)(g)(ii) |
s. 40(2)(g)(ii) did not apply to a debt claim acquired by subrogation against a defaulted debtor since the claim was interest-bearing |
2004-01-30 |
28 January 2004 Internal T.I. 2003-0047701I7 F - Télétravail et indien inscrit |
Other Legislation/Constitution - Federal - Indian Act - Section 87 |
Indian teleworker exempted re duties performed on Reserve |
2004-01-30 |
26 January 2004 External T.I. 2003 - 0047961E5 F - Part IV Circularity |
Income Tax Act - Section 186 - Subsection 186(1) - Paragraph 186(1)(b) |
waiver of dividend refund does not solve the Pt. IV circularity issue, which is not serious |
2004-01-30 |
22 January 2004 Internal T.I. 2003-0052121I7 F - Régime d'éducation permanente - période de rembour |
Income Tax Act - Section 146.02 - Subsection 146.02(1) - Repayment Period |
actual date of repayment is not taken into account |