|
2004-01-09 |
23 December 2003 External T.I. 2003-0008145 F - TRANSFERT ENTRE EX-CONJOINT |
Income Tax Act - Section 248 - Subsection 248(23) |
deemed transfer to spouse before divorce where property was subject to matrimonial regime to which s. 248(3) applied, so that no need to rely on being in settlement of matrimonial rights |
|
2004-01-09 |
23 December 2003 External T.I. 2003-0008145 F - TRANSFERT ENTRE EX-CONJOINT |
Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(b) |
property transferred in settlement of rights arising out of marriage also includes property transferred in settlement of rights arising out of a matrimonial regime |
|
2004-01-09 |
23 December 2003 External T.I. 2003-0008145 F - TRANSFERT ENTRE EX-CONJOINT |
Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) |
one-sided adjustments under ss. 69(1)(b) and (a) |
|
2004-01-09 |
23 December 2003 External T.I. 2003-0014655 F - article 125.5 |
Income Tax Act - Section 125.5 - Subsection 125.5(1) - Eligible production corporation - Paragraph (d) |
exclusion under para. (d) applies where there is indirect control by the province |
|
2004-01-09 |
23 December 2003 External T.I. 2003-0014655 F - article 125.5 |
Income Tax Act - Section 248 - Subsection 248(1) - Taxpayer |
province is a “taxpayer” exempt from tax |
|
2004-01-09 |
18 December 2003 External T.I. 2003-0021195 F - Etablissement Stable en Ontario |
Income Tax Regulations - Regulation 400 - Subsection 400(2) |
an office with only incidental functions will not constitute a fixed place of business |
|
2004-01-09 |
18 December 2003 External T.I. 2003-0021195 F - Etablissement Stable en Ontario |
Income Tax Regulations - Regulation 400 - Subsection 400(2) - Paragraph 400(2)(b) |
Ontario sales office was not a deemed PE since general authority to contract was at the Quebec administrative office |
|
2004-01-09 |
9 December 2003 External T.I. 2003-0032585 - Immeuble détenu par une succession |
Income Tax Act - Section 54 - Principal Residence - Paragraph (c.1) |
income beneficiary of estate could be a specified beneficiary using as principal residence |
|
2004-01-09 |
9 December 2003 External T.I. 2003-0032585 - Immeuble détenu par une succession |
Income Tax Act - Section 107 - Subsection 107(2) |
s. 107(2) rollover unavailable to an income beneficiary |
|
2004-01-09 |
15 December 2003 External T.I. 2003-0182855 - Fiducie pour Loi au Quebec |
Income Tax Act - Section 248 - Subsection 248(3) - Paragraph 248(3)(e) |
meaning of “a right as a beneficiary in a trust” is found in s. 248(25) |
|
2004-01-09 |
15 December 2003 External T.I. 2003-0182855 - Fiducie pour Loi au Quebec |
General Concepts - Ownership |
sole beneficiary of Quebec trust is the beneficial owner of its property |
|
2004-01-09 |
15 December 2003 External T.I. 2003-0182855 - Fiducie pour Loi au Quebec |
Income Tax Act - Section 73 - Subsection 73(1.02) - Paragraph 73(1.02)(b) - Subparagraph 73(1.02)(b)(ii) |
no change in beneficial ownership on transfer of property to self-benefit Quebec trust |
|
2004-01-09 |
15 December 2003 External T.I. 2003-0182855 - Fiducie pour Loi au Quebec |
Income Tax Act - Section 75 - Subsection 75(2) |
policy is for s. 75(2) application not to result in double taxation |
|
2004-01-02 |
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE |
Income Tax Regulations - Regulation 7001 - Subsection 7001(1) |
detailed illustration |
|
2004-01-02 |
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE |
Income Tax Act - Section 248 - Subsection 248(1) - Indexed Debt Obligation |
stripped indexed coupons were indexed debt obligations but would not give rise to excluded payments |
|
2004-01-02 |
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE |
Income Tax Regulations - Regulation 7001 - Subsection 7001(7) - Excluded Payment |
stripped indexed coupons did not give rise to excluded payments because no single fixed rate |
|
2004-01-02 |
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE |
Income Tax Regulations - Regulation 201 - Subsection 201(4.1) |
reporting of inflation adjustments on indexed bonds |
|
2004-01-02 |
22 December 2003 External T.I. 2003-0000125 F - TITRE DE CREANCE INDEXE |
Income Tax Act - Section 20 - Subsection 20(14) |
application of s. 20(14) to indexed debt obligation |
|
2004-01-02 |
11 December 2003 External T.I. 2003-0015975 F - calcul du gain/perte sur disposition |
Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(a) - Subparagraph 40(1)(a)(i) |
portion of share sales proceeds required under a Bankruptcy Act proposal to be paid to the unsecured creditors, not a disposition expense |
|
2004-01-02 |
10 December 2003 External T.I. 2003-0023335 F - COUT D'UN BIEN REMIS EN RECOMPENSE |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
$500 gift policy applies where parent incurs the cost (which must include any customs and shipping costs) |
|
2004-01-02 |
16 December 2003 External T.I. 2003-0027245 F - MCIA-ACQUIS. D'UNE PERSONNE LIEE |
Income Tax Act - Section 14 - Subsection 14(5) - Cumulative Eligible Capital - Variable A - Variable A.1 |
subsequent arm’s length acquisition does not vitiate application of A.1 |
|
2004-01-02 |
18 December 2003 Internal T.I. 2003-0045227 F - FRAIS JURIDIQUES-PENSION |
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees |
legal fees in relation to determining revised support entitlements were non-deductible |
|
2004-01-02 |
10 December 2003 Internal T.I. 2003-0047467 F - DESENREGISTREMENT D'UN REER |
Income Tax Act - Section 146 - Subsection 146(12) - Paragraph 146(12)(b) |
appraiser not required, but issuer must make reasonable efforts to determine FMV of shares of illiquid co-op |
|
2004-01-02 |
10 December 2003 Internal T.I. 2003-0047467 F - DESENREGISTREMENT D'UN REER |
Income Tax Regulations - Regulation 103 - Subsection 103(6) - Paragraph 106(6)(d) |
no source deductions required where property is distributed in year subsequent to RRSP deregistration |
|
2004-01-02 |
22 December 2003 External T.I. 2003-0053005 F - transfert d'un reer a un ferr |
Income Tax Act - Section 146 - Subsection 146(16) - Paragraph 146(16)(b) |
shares may not be transferred from maturing RRSP to RRIF if they will not provide the annuity to make the minimum payments |
|
2003-12-05 |
21 November 2003 External T.I. 2003-0010195 F - Etablissement Stable |
Income Tax Regulations - Regulation 400 - Subsection 400(2) - Paragraph 400(2)(e) |
use of substantial equipment in a province for even one day triggers a PE |
|
2003-12-05 |
29 September 2003 External T.I. 2003-0013435 F - Pension Belge |
Treaties - Income Tax Conventions - Article 18 |
Belgian National Pensions Office was a Belgian government instrumentality for purposes of the former Art. 18(2) exemption |
|
2003-12-05 |
14 November 2003 External T.I. 2003-0013445 F - Application de 94(1) et 128.1(1) |
Income Tax Act - Section 128.1 - Subsection 128.1(1) - Paragraph 128.1(1)(a) |
application of s. 94 subject to prior to application of s. 128.1(a)(a) |
|
2003-12-05 |
21 November 2003 External T.I. 2003-0023925 F - Distribution non-admissible au sens de 86.1 |
Income Tax Act - Section 86.1 - Subsection 86.1(2) - Paragraph 86.1(2)(b) |
distribution did not qualify because distributed shares were not pre-owned by Mexican distributor |
|
2003-12-05 |
21 November 2003 External T.I. 2003-0023925 F - Distribution non-admissible au sens de 86.1 |
Income Tax Act - Section 52 - Subsection 52(2) |
distributed shares had ACB equal to the s. 90 inclusion of their FMV |
|
2003-12-05 |
28 November 2003 External T.I. 2003-0046025 F - CONVENTION DE RETRAITE DEDUCTIONS |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(r) |
s. 20(1)(r) deduction is limited by s. 67 |
|
2003-11-28 |
19 November 2003 Internal T.I. 2003-0047687 F - Interest Calculation T/P Adjustment RQST |
Income Tax Act - Section 161 - Subsection 161(7) - Paragraph 161(7)(a) - Subparagraph 161(7)(a)(iv) |
substitution of NCL carrybacks with CCA claims for nil assessment taxation years does not generate s. 161(1) interest |
|
2003-11-28 |
19 November 2003 Internal T.I. 2003-0047687 F - Interest Calculation T/P Adjustment RQST |
Income Tax Act - Section 161 - Subsection 161(1) |
substitution of NCL carrybacks with CCA claims for nil assessment taxation years does not generate s. 161(1) interest |
|
2003-11-28 |
18 November 2003 External T.I. 2003-0181195 F - REGLEMENT STRUCTURE |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(d) |
CCRA position on exemption of structured settlements (as described) extends to court-ordered personal injury payments |
|
2003-11-28 |
18 November 2003 External T.I. 2003-0181195 F - REGLEMENT STRUCTURE |
Income Tax Act - Section 3 - Paragraph 3(a) |
summary of CCRA position on structured settlements |
|
2003-11-21 |
12 November 2003 External T.I. 2003-0020275 F - RECOMPENSES |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
$500 gift policy might apply to points awards if redeemable for very limited range of goods/ policy does not apply to sales awards etc. |
|
2003-11-21 |
13 November 2003 Internal T.I. 2003-0039637 F - perte sur creance et frais |
Income Tax Act - Section 50 - Subsection 50(1) - Paragraph 50(1)(a) |
capital loss under s. 50(1)(a) if deferred proceeds became uncollectible |
|
2003-11-21 |
13 November 2003 Internal T.I. 2003-0039637 F - perte sur creance et frais |
Income Tax Act - Section 54 - Adjusted Cost Base |
legal fees to recover deferred proceeds of share disposition do not increase the shares’ ACB |
|
2003-11-14 |
5 November 2003 Internal T.I. 2003-0036737 F - BOURSES D'ETUDES |
Income Tax Act - Section 56 - Subsection 56(3) |
$3,000 exemption unavailable where education tax credit not available in the same taxation year |
|
2003-11-14 |
30 October 2003 External T.I. 2003-0037075 F - Associated Corporation and 129(6) |
Income Tax Act - Section 256 - Subsection 256(2) |
corporations associated through s. 256(2) continued as associated for s. 129(6) purposes where the 3rd corporation filed s. 256(2) election not to be associated with either |
