Further full-text translations of severed letters are available (2016-10-12 update)

12 October 2016 - 1:36am
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The table below links to this week's new translations of French severed letters. The translations are paywalled in the usual (4-days per week) manner.

Bundle Translated severed letter Summaries under Summary descriptor
2016-10-05 13 May 2016 External T.I. 2016-0635601E5 F - Dépenses de commandite Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(l) - Subparagraph 18(1)(l)(i) general overview of deductibility limitations re sponsorship expenses
27 June 2016 External T.I. 2016-0637341E5 F - Partnerships - Negative ACB Income Tax Act - Section 53 - Subsection 53(1) - Paragraph 53(1)(e) - Subparagraph 53(1)(e)(iv) assumption of loan can be contribution, but not retained profits
Income Tax Act - Section 40 - Subsection 40(3.13) retention of partnership profits not a contribution
Income Tax Act - Section 40 - Subsection 40(3.1) loans by LP to partner potentially gave rise to negative ACB gain
Income Tax Act - Section 53 - Subsection 53(2) - Paragraph 53(2)(c) - Subparagraph 53(2)(c)(v) loan advances to a limited partner may give rise to immediate s. 53(2)(c)(v) grind
2016-02-17 8 December 2015 External T.I. 2015-0608781E5 F - Associated corporations - discretionary trust Income Tax Act - Section 256 - Subsection 256(1.3) no double-counting of shares in applying s. 256(1.3) to shares deemed to be owned by minor trust beneficiaries
Income Tax Act - Section 256 - Subsection 256(1.2) - Paragraph 256(1.2)(f) - Subparagraph 256(1.2)(f)(ii) beneficiary includes beneficially entitled/combined application of 256(1.2)(f)(ii) and 256(1.3), but shares attributed only once]
21 December 2015 External T.I. 2015-0617731E5 F - 55(2) and creditor proofing Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(b) Opco dividend to Holdco whose sole purpose is creditor-proofing is subject to s. 55(2)
22 January 2016 External T.I. 2015-0617601E5 F - Pipeline followed by butterfly Income Tax Act - Section 55 - Subsection 55(3.1) - Paragraph 55(3.1)(b) where pipeline transaction followed by split-up butterfly, the opco also is a distributing corporation
Income Tax Act - Section 84 - Subsection 84(2) pipeline transaction can be coupled with a butterfly split-up