| 2016-11-16 |
24 June 2016 External T.I. 2015-0571471E5 F - Passe de ski familiale |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
no taxable benefit if all employees given season’s pass at ski resort/gift policy also applicable |
| 2 August 2016 External T.I. 2014-0544941E5 F - Interaction between ss. 111(12) and 80.01(3) |
Income Tax Act - Section 80.01 - Subsection 80.01(3) |
deemed settlement under 80.01(3) before operation of 111(12) |
| Income Tax Act - Section 111 - Subsection 111(12) |
no accrued FX loss on a loan owing by a target to a sub is realized on an AOC where there is a same-day amalgamation and no time-stamping |
| 2016-10-19 |
22 June 2016 Internal T.I. 2016-0632821I7 F - 93(2.01) & Capital Contribution |
Income Tax Act - Section 95 - Subsection 95(2) - Paragraph 95(2)(a) - Subparagraph 95(2)(a)(ii) - Clause 95(2)(a)(ii)(B) |
inter-affiliate loan generating deemed active business funded out of an interest-free loan from Canco |
| Income Tax Act - Section 248 - Subsection 248(5) |
ordinary meaning of “substituted” |
| Income Tax Act - Section 93 - Subsection 93(2.01) |
a contribution of FA1 shares to FA2 causes the FA2 shares to be substituted property for s. 93(2.01) purposes |
| 2016-01-20 |
3 December 2015 External T.I. 2015-0593941E5 F - Allocation of the safe income on hand |
General Concepts - Fair Market Value - Shares |
FMV of discretionary share increased at moment of dividend declaration to exclusion of other discretionary shares |
| Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
flexible allocation of SIOH where discretionary common shares |
| Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(b) |
quaere whether 8% reduction is significant |
| 26 March 2015 Internal T.I. 2013-0503031I7 F - Existence d’une source de revenu |
Income Tax Act - Section 3 - Business Source/Reasonable Expectation of Profit |
individual’s sideline activity not a business so that revenues exempt |
| Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
criteria for determining whether a home is a principal place of business |
| 8 December 2015 External T.I. 2015-0616321E5 F - CEE - Severance pay |
Income Tax Regulations - Regulation 1206 - Subsection 1206(1) - Canadian exploration and development overhead expense |
exclusion of severance payment |
| Income Tax Act - Section 66.1 - Subsection 66.1(6) - Canadian exploration expense - Paragraph (a) |
severance payment not includible in CEE |
| 8 June 2015 External T.I. 2014-0529851E5 F - Frais payés à une maison de santé ou de repos |
Income Tax Act - Section 118.2 - Subsection 118.2(1) |
expenses can be claimed based on 12-month period ending in year |
| Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(d) |
floor of retirement residence servicing those with advanced Alzheimer’s can qualify as “nursing home” |
| Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(e) |
no 2nd credit under s. 118.3 re accommodation expenses in nursing home |
| 11 December 2015 External T.I. 2015-0601561E5 F - Attribution Rules |
Income Tax Act - Section 74.4 - Subsection 74.4(2) |
annual dividends by an SBC to a non-SBC are not an indirect transfer of property to the non-SBC by the individual who formed the SBC |
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