| 2016-12-21 |
2 August 2016 External. T.I. 2016-0659041E5 F - Déduction habitants Îles de la Madeleine |
Income Tax Act - 101-110 - Section 110.7 - Subsection 110.7(1) |
residents of Magdalen Islands in intermediate zone |
| 9 November 2016 External. T.I. 2014-0537121E5 F - Overseas employment tax credit |
Income Tax Act - Section 122.3 - Subsection 122.3(1) - Paragraph 122.3(1)(b) - Subparagraph 122.3(1)(b)(i) - Clause 122.3(1)(b)(i)(B) |
marine dredging to maintain or widen channel is construction |
| 22 September 2016 External. T.I. 2015-0594721E5 F - Inventory of animal meat |
Income Tax Act - Section 4 - Subsection 4(1) - Paragraph 4(1)(a) |
meat processing operation included in farming business if incidental |
| Income Tax Act - Section 28 - Subsection 28(1) - Paragraph 28(1)(b) |
processing meat can form part of a farming business |
| 2016-11-30 |
7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 5, 2016-0651721C6 F - Application of subsections 146(16) and 73(1) after death |
Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(b) |
no rollover if transferor spouse dies before transfer pursuant to separation agreement made |
| Income Tax Act - Section 146 - Subsection 146(16) |
no tax deferred transfer if by estate |
| 7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 6, 2016-0651741C6 F - Named beneficiary |
Income Tax Act - Section 122 - Subsection 122(3) - qualified disability trust - Paragraph (b) |
beneficiary must be specifically named |
| 7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 7, 2016-0651751C6 F - Recovery Tax of Qualified Disability Trust |
Income Tax Act - Section 122 - Subsection 122(3) - qualified disability trust |
s. 122(1)(c) liability in year of death of disabled beneficiary |
| Income Tax Act - Section 159 - Subsection 159(2) |
potential liability of QDT trustee for s. 122(1)(c) recovery tax |
| Income Tax Act - Section 122 - Subsection 122(2) |
recovery tax applies to undistributed income in a QDT at the time of the disabled beneficiary’s death |
| 7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 8, 2016-0651731C6 F - Gift by a Former Graduated Rate Estate |
Income Tax Act - Section 118.1 - Subsection 118.1(5.1) |
qualification of gift made in Year 5 of former GRE |
| Income Tax Act - Section 118.1 - Subsection 118.1(1) - Total Charitable Gifts - Paragraph (c) - Subparagraph (c)(ii) |
gifts made in Year 5 by a but-for GRE can only be claimed before death or in Years 5 to 10 |
| 7 October 2016 APFF Financial Strategies and Financial Instruments Roundtable Q. 9, 2016-0651801C6 F - Assurance-vie à assurés multiples-110.6(15) |
Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
corporate-owned policy valued for SBC or QSBCS purposes at the cash surrender value even if non-shareholder lives are included |
| Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(15) - Paragraph 110.6(15)(a) |
corporate-owned policy is valued at CSV even if non-shareholder lives are included |
| 2016-01-20 |
8 December 2015 External. T.I. 2015-0613401E5 F - Attribution Rules |
Income Tax Act - Section 74.4 - Subsection 74.4(2) |
“technically” s. 74.4(2) may be avoided through a stock dividend |
| 2016-01-13 |
28 July 2015 External. T.I. 2015-0585431E5 F - Frais juridiques |
Income Tax Act - Section 42 - Subsection 42(1) - Paragraph 42(1)(b) |
legal expenses incurred by property vendor deemed to reduce proceeds or generate capital loss under s. 42(1)(b) |
| 2 October 2015 External. T.I. 2012-0463801E5 F - Déduction pour gain en capital – permis de pêche |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(b) |
para. (b) test need only be satisfied at end of 24-month period |
| 10 October 2014 APFF Roundtable Q. 13, 2014-0538111C6 F - Boni suite à la signature d'un contrat d'appro |
Income Tax Act - Section 9 - Timing |
Canderel and Ikea principles |
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