The table below provides descriptors and links for five items from the October 2013 APFF Roundtable, as fully translated by us – as well as for the two French Ministerial letters released last week (which essentially repeat previously-released letters.)
These (and the other full-text translations covering the last 4 years of CRA releases) are subject to the usual (3 working weeks per month) paywall.
| Bundle Date |
Translated severed letter |
Summaries under |
Summary descriptor |
| 2018-02-07 |
12 July 2017 Ministerial Correspondence 2017-0695331M4 F - Publicité sur des plateformes Web étrangères |
Income Tax Act - Section 19.01 - Subsection 19.01(2) |
ss. 19, 19.01 and 19.1 do not limit deductibility of ads on foreign websites |
| 13 July 2017 Ministerial Correspondence 2017-0697311M4 F - Publicité sur des plateformes Web étrangères |
Income Tax Act - Section 19 - Subsection 19(1) |
ss. 19, 19.01 and 19.1 do not apply to advertising on foreign websites |
| 2014-01-15 |
11 October 2013 APFF Roundtable, 2013-0495671C6 F - Déduction d'une partie d'une créance irrécouvrable |
Income Tax Act - Section 50 - Subsection 50(1) |
comparison of 20(1)(p)(i) and 50(1): latter requires full uncollectibility |
| Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(p) - Subparagraph 20(1)(p)(i) |
20(1)(p)(i) deduction for trade debts of a customer are determined on a receivable by receivable basis |
| 11 October 2013 APFF Roundtable, 2013-0495771C6 F - Late eligible dividend designation |
Income Tax Act - Section 89 - Subsection 89(14.1) |
late designation generally available where CRA, contrary to grounded expectations, denied small business deduction status thereby retroatively creating GRIP/late designation cannot be used to delay GRIP computation |
| 11 October 2013 APFF Roundtable, 2013-0495681C6 F - Bien de remplacement |
Income Tax Act - Section 44 - Subsection 44(5) - Paragraph 44(5)(b) |
a different related person can use the replacement property in a similar business |
| 11 October 2013 APFF Roundtable, 2013-0495631C6 F - Actions admissibles de petites entreprises |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share |
failure to satisfy the 50% test for even a moment in time will disqualify |
| Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation |
90% is generally a safe harbour, and in a particular context CRA may accept lower than 90% |
| 11 October 2013 APFF Roundtable, 2013-0495641C6 F - Taux de rendement annuel moyen |
Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(9) |
average annual rate of return on estate freeze hi-low prefs based on redemption amount, not PUC |
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