6 more translated CRA interpretations are available

2 July 2019 - 12:28am
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We have published a further 6 translations of CRA interpretations released in December 2011. Their descriptors and links appear below.

These are additions to our set of 897 full-text translations of French-language Roundtable items and Technical Interpretations of the Income Tax Rulings Directorate, which covers the last 7 1/2 years of releases by the Directorate. These translations are subject to the usual (3 working weeks per month) paywall. You are currently in the “open” week for July.

Bundle Date Translated severed letter Summaries under Summary descriptor
2011-12-16 7 October 2011 Roundtable, 2011-0412121C6 F - Interaction between S. 84.1 and S. 85(2.1) Income Tax Act - Section 85 - Subsection 85(2.1) s. 85(2.1) does not apply where s. 84.1(1) applies even if there is no grind under the s. 84.1(1)(a) formula
Income Tax Act - Section 84.1 - Subsection 84.1(1) s. 84.1 can "apply" and thereby prevail over s. 85(2.1) even where there is no s. 84.1 grind
8 October 2010 Roundtable, 2010-0373291C6 F - Tuck-Under Transactions - Safe Income Extractions Income Tax Act - Section 245 - Subsection 245(4) Vaillancourt-Tremblay did not validate all tuck-under transactions
Income Tax Act - Section 84 - Subsection 84(2) CRA accepts use of tuck-under transactions to extract safe income
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) safe income can be extracted using tuck-under
9 December 2011 Internal T.I. 2011-0399641I7 F - Bien agricole admissible et un lotissement Income Tax Act - 101-110 - Section 110.6 - Subsection 110.6(1.3) - Paragraph 110.6(1.3)(c) - Subparagraph 110.6(1.3)(c)(ii) 5-year “used principally” test was satisfied where a single lot was used 60% in farming
Income Tax Act - Section 45 - Subsection 45(1) - Paragraph 45(1)(a) subdivision does not by itself convert capital property to inventory
2011-12-09 16 November 2011 External T.I. 2011-0423861E5 F - paragraph 53(1)b) Income Tax Act - Section 53 - Subsection 53(1) - Paragraph 53(1)(b) example of application of s. 53(1)(b) on dirty s. 85 exchange of common shares with partial SIOH for high PUC/ACB prefs and low PUC/ACB common shares
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) - Subparagraph (a)(i) - Clause (a)(i)A) example of capital gain for CDA purposes being less than the s. 40 capital gain
22 November 2011 External T.I. 2011-0404021E5 F - Revenu des entrepreneurs Income Tax Act - Section 9 - Timing renovation, and sewage system work, does not qualify as "construction" eligible for completion method
24 November 2011 External T.I. 2011-0424631E5 F - Subsection 256(2) Income Tax Act - Section 181.1 - Subsection 181.1(4) s. 256(2) election causes Aco and Bco not be associated with Cco for s. 125(5.1), but not ss. 181.1(2) and (4), purposes
Income Tax Act - Section 256 - Subsection 256(2) - Paragraph 256(2)(b) - Subparagraph 256(2)(b)(ii) s. 256(2)(b)(ii) election inapplicable for ss. 181.1(2) and (4) purposes