| 2021-03-31 |
7 October 2020 APFF Roundtable Q. 1, 2020-0852761C6 F - Taxable capital gain designation |
|
substantially the same as 2019-0818301I7 F |
| 7 October 2020 APFF Roundtable Q. 3, 2020-0848761C6 F - Réorganisations de sociétés étrangères avec dérivation admissibles |
Income Tax Act - Section 86.1 - Subsection 86.1(2) - Paragraph 86.1(2)(f) |
CRA is now disclosing the transaction date for eligible distributions |
| Income Tax Act - Section 220 - Subsection 220(3.1) |
CRA may consider the delays until its approval of a s. 86.1 spin-off re s. 220(3.5) penalties |
| 7 October 2020 APFF Roundtable Q. 3, 2020-0851991C6 F - Shares Donation to a tax exempt entity & dividend |
Income Tax Act - Section 129 - Subsection 129(1.2) |
on an excepted gift of 10% of the shares of a CCPC to a public foundation and the shares’ redemption, s. 129(1.2) could deny the CCPC’s dividend refund |
| 7 October 2020 APFF Roundtable Q. 4, 2020-0851621C6 F - RRSP or RRIF on death – Joint election |
Income Tax Act - Section 146 - Subsection 146(8.1) |
a specific bequest of a RRSP proceeds to a surviving spouse cannot be treated as a refund of premiums |
| Income Tax Act - Section 146.3 - Subsection 146.3(6.1) |
specific bequest of RRIF is treated as passing through the estate’s hands, so that a s. 146.3(6.1) election is necessary |
| 7 October 2020 APFF Roundtable Q. 5, 2020-0851601C6 F - TFSA Exempt Contribution - Spousal Trust |
Income Tax Act - Section 207.01 - Subsection 207.01(1) - Exempt Contribution - Paragraph (b) |
bequest of TFSA to spousal trust which, in turn, distributed the TFSA proceeds per the will to the surviving spouse would qualify as an indirect transfer as a consequence of death |
| 7 October 2020 APFF Roundtable Q. 6, 2020-0851631C6 F - Options d’achat d’actions - disposition au décès |
Income Tax Act - 101-110 - Section 110 - Subsection 110(1) - Paragraph 110(1)(d.01) |
s. 110(1)(d.01) deduction is unavailable for a s. 7(1)(e) benefit |
| 7 October 2020 APFF Roundtable Q. 7, 2020-0864341C6 F - SDA and Formula-Based Plans |
|
substantially the same as 2020-0861061C6 |
| 7 October 2020 APFF Roundtable Q. 8, 2020-0851641C6 F - Availability of tax information |
Income Tax Act - Section 45 - Subsection 45(3) |
record of prior CCA claims might possibly be included in the taxpayer’s Proof of Income going back to 1988, which is available on My Account for Individuals |
| 2021-03-17 |
23 June 2020 External T.I. 2020-0849761E5 F - SSUC - Entité déterminée et institution publique |
|
substantially the same as 2020-0848721E5 F |
| 2008-10-24 |
6 October 2008 External T.I. 2008-0271421E5 F - Terres à bois-plan d'aménagement forestier Québec |
Income Tax Act - Section 70 - Subsection 70(9) - Paragraph 70(9)(a) |
“engaged” requirement in s. 70(9)(a) is satisfied to extent the forest management plan requires no action |
| Income Tax Act - Section 248 - Subsection 248(1) - Farming |
woodlot, to be a farm, must focus on the fostering of the stand |
| Income Tax Act - Section 73 - Subsection 73(3) - Paragraph 73(3)(c) |
Quebec regional agencies’ plans for forest management plans would generally satisfy s. 73(3)(c), whose “engaged” requirement would be met if such plans did not require work |
| 2008-10-03 |
24 September 2008 External T.I. 2008-0268511E5 F - Déductibilité des intérêts |
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) |
partial loss of interest deduction on MFT investment loan on capital distributions even where capital distribution allocated solely to interest payment |
| 25 September 2008 Internal T.I. 2008-0292531I7 F - Frais de scolarité -Programme suivi par internet |
Income Tax Act - Section 118.5 - Subsection 118.5(1) - Paragraph 118.5(1)(b) |
full-time attendance can occur via the internet |
| 2008-09-26 |
12 September 2008 External T.I. 2008-0275041E5 F - Don de bien écosensible |
Income Tax Act - 101-110 - Section 110.1 - Subsection 110.1(1) - Paragraph 110.1(1)(d) |
donated ecologically sensitive land can be inventory |
| 18 September 2008 External T.I. 2008-0264381E5 F - Résidence d'une fiducie |
Income Tax Act - 101-110 - Section 104 - Subsection 104(1) |
securities depositary and custodian did not hold assets under a trust |
| Income Tax Act - Section 2 - Subsection 2(1) |
holding of assets by Canadian securities depositary and custodian would not be relevant to trust residence |
| 17 September 2008 External T.I. 2008-0279101E5 F - Pension alimentaire - enfant majeur |
Income Tax Act - Section 56.1 - Subsection 56.1(1) |
s. 56.1(1) deemed amounts paid directly to adult child pursuant to court-ordered support obligation to have been received by the other spouse |
| Income Tax Act - Section 60.1 - Subsection 60.1(1) |
s. 60.1(1) deemed amounts paid directly to adult child pursuant to court-ordered support obligation to have been paid to the other spouse |
| 2008-09-05 |
29 August 2008 External T.I. 2007-0257661E5 F - Allocation pour frais de déplacement |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(vii.1) |
travel between the employer’s place of business (even where a home office) and another business location is not personal |
| 21 August 2008 External T.I. 2008-0272241E5 F - Régime compl. d'assurance de soins médicaux |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) - Subparagraph 6(1)(a)(i) |
a decrease in salary and increase in HCSA flex credits on renegotiation of employment contract does not result in an income inclusion |
| 2008-08-29 |
25 August 2008 External T.I. 2005-0139191E5 F - Paiement forfaitaire - pension alimentaire |
Income Tax Act - Section 60 - Paragraph 60(b) |
Tsiaprailis does not affect CRA position that lump-sum settlement of support obligations are not deductible and taxable |
| 21 August 2008 External T.I. 2008-0286051E5 F - Revenu de location |
Income Tax Act - Section 3 - Paragraph 3(a) |
where one of the two co-owners of a duplex occupies and pays rent for one of the units, she is a source of income to the other co-owner, but not herself |
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