Six further full-text translations of CRA technical interpretations are available
7 November 2017 - 11:34pm
Email this ContentThe table below provides descriptors for the two French technical interpretation released last week and of four released in May-June 2014, as fully translated by us.
These (and the other full-text translations covering the last 3 ½ years of CRA releases) are subject to the usual (3 working weeks per month) paywall. You are currently in the “open” week for November.
| Bundle Date | Translated severed letter | Summaries under | Summary descriptor |
|---|---|---|---|
| 2017-11-01 | 21 April 2016 External T.I. 2015-0607451E5 F - Use of capital of a trust by a spouse | Income Tax Act - Section 73 - Subsection 73(1.01) - Paragraph 73(1.01)(c) - Subparagraph 73(1.01)(c)(ii) | occupation of trust property (a residence) by individual’s spouse does not breach the capital-use requirement "under" the trust |
| 14 September 2017 External T.I. 2017-0685121E5 F - Associated corporations | Income Tax Act - Section 256 - Subsection 256(1.2) - Paragraph 256(1.2)(f) - Subparagraph 256(1.2)(f)(ii) | Childco associated with Parent-controlled corp whose non-voting equity is held by family trust | |
| Income Tax Act - Section 256 - Subsection 256(2) - Paragraph 256(2)(b) - Subparagraph 256(2)(b)(ii) | election under s. 256(2)(b)(ii) busts s. 256(2)(a) transitivity but not association with 3rd corporation | ||
| Income Tax Act - Section 125 - Subsection 125(5.1) | making s. 256(2)(b)(ii) election, by eliminating s. 256)2)(a) transitivity, reduces the reduction for taxable capital employed in Canada | ||
| 2014-06-04 | 18 December 2013 Internal T.I. 2012-0472211I7 F - Voyages offerts par une compagnie | Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) | Caribbean sales incentive trip provided to incorporated sales reps represents a benefit to them from their corporation |
| Income Tax Act - Section 67.1 - Subsection 67.1(2) - Paragraph 67.1(2)(d) | Caribbean sales incentive trip provided to incorporated sales reps excluded if s. 6(1)(a) benefit to them qua employee | ||
| Income Tax Act - Section 67.1 - Subsection 67.1(4) - Paragraph 67.1(4)(b) | Caribbean sales incentive trip is "entertainment" | ||
| Income Tax Act - Section 9 - Nature of Income | Caribbean sales incentive trip provided to incorporated sales reps was s. 9 income to their corp to extent of personal portion | ||
| 2014-05-28 | 8 May 2014 External T.I. 2014-0516711E5 F - Accord écrit et Pension alimentaire | Income Tax Act - Section 118 - Subsection 118(5) | court-ordered support amount obligation cannot be eliminated by agreement |
| 25 April 2014 External T.I. 2014-0528011E5 F - Subsection 55(2) - redemption of shares | Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) | increase in direct interest under s. 55(3)(a)(ii) or (v) with no increase in indirect interest; tainting effect on redemption occurring as part of series | |
| 16 May 2014 External T.I. 2014-0526161E5 F - CII des places en garderie | Income Tax Act - Section 127 - Subsection 127(9) - Child Care Space Amount | owner of child-care facility entitled to ITCs even though development work and operations conducted by its part-owned agent |