Income Tax Technical News, No. 7, 21 February 1996 (cancelled)

The location of a savings account on a reserve would not, by itself, be sufficient to exempt the interest income earned thereon by an Indian. For...

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Where property is held by a bare trust, RC will ignore the trust for income tax purposes and will consider the transferor/settlor to be the owner...

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Lease inducement payments made by a landlord on income account with respect to the initial lease of space in a project as well as payments made to...

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"A revocable living trust should be recognized for income tax purposes at the time that legal title to property is transferred to it and ... the...

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Where an individual retires from all employment on the sale of the employer's active business but agrees to carry on certain administrative duties...

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Where an employee incentive plan bases a bonus on certain criteria such as appreciation in the employer's stock value, and sales increases, the...

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An amendment to the articles allowing a corporation to pay a stock dividend in lieu of a cash dividend on a preferred share will result in the...

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Discussion of when shareholders of a closely-held corporation are considered to be acting in concert or otherwise to represent a group.

"A revocable living trust should be recognized for income tax purposes at the time that legal title to property is transferred to it and ... the...

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The filing of a protective capital gains election under s. 110.6(19) in respect of a property will not by itself prejudice a claim that the entire...

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After referring to the Clem Industrial case, Mr. Hiltz stated:

"Ordinarily, if an arm's length sale of shares occurs within a short time after a...

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Employer contributions under a pension plan or deferred profit sharing plan are not considered to have vested in the retiree at the time of the...

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Where under an employee stock option plan, it is the employee rather than the employer who has the option to choose cash instead of shares, s....

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Where under an employee stock option plan, the employee has the option to receive cash instead of shares, s. 7(3)(b) will not deny a deduction by...

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After stating that:

At previous conferences, Revenue Canada has indicated that, in situations where a corporate taxpayer has acquired, on a...

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The questioner referred to the Revenue Canada position - that, in situations where a corporate taxpayer has acquired, on a section 85 "rollover,"...

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