| 2007-07-06 |
29 May 2007 Internal T.I. 2007-0223381I7 F - Capital Dividend Account |
Income Tax Act - Section 87 - Subsection 87(2) - Paragraph 87(2)(z.1) |
s. 87(2)(z.1) causes subsidiary CDA balances to flow through to the parent |
| 2007-06-29 |
21 June 2007 External T.I. 2005-0157861E5 F - Cotisation professionnelle |
Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(i) - Subparagraph 8(1)(i)(i) |
membership in a municipal employees’ association was not necessary for the maintenance of a professional status |
| 18 June 2007 Internal T.I. 2007-0231861I7 F - Principale place d'affaires |
Income Tax Act - Section 8 - Subsection 8(13) - Paragraph 8(13)(a) - Subparagraph 8(13)(a)(i) |
“principally performed” test references the proportion of time spent at the home office |
| 13 June 2007 External T.I. 2007-0226261E5 F - Convention Émirats Arabes Unis |
Treaties - Income Tax Conventions - Article 4 |
meaning of “substantially all” in UAE Convention informed by its meaning under ITA |
| Treaties - Income Tax Conventions - Article 3 |
undefined term in Convention informed by its domestic interpretation by CRA |
| Income Tax Regulations - Regulation 5907 - Subsection 5907(11.2) - Paragraph 5907(11.2)(a) |
FA required to have its central management and control in the Treaty country in addition to satisfying the Treaty residence test |
| 21 June 2007 Internal T.I. 2007-0239681I7 F - perte sur prêts irrécouvrables |
Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(g) - Subparagraph 40(2)(g)(ii) |
acquisition of shares through an RRSP can establish an income-producing purpose re a non-interest loan made directly to the corp |
| 2007-06-22 |
14 June 2007 External T.I. 2006-0209341E5 F - Utilisation d'un bien d'une société de personnes |
Income Tax Act - Section 246 - Subsection 246(1) |
conferral-of-benefit provisions do not apply to a partner’s personal use of partnership property other than car |
| Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose |
partner’s use of partnership property is addressed by denying partnership income deductions and under s. 103, rather than through benefit-conferral provisions |
| Income Tax Act - 101-110 - Section 103 - Subsection 103(1) |
personal use of property is a factor going to the reasonableness of the profit-sharing arrangements |
| Income Tax Act - Section 96 - Subsection 96(2.2) - Paragraph 96(2.2)(d) |
personal use of property could engage s. 96(2.2)(d) |
| 13 June 2007 External T.I. 2006-0178031E5 F - Biens détenus par des fiducies testamentaires |
Income Tax Act - 101-110 - Section 104 - Subsection 104(2) |
property settled on a spousal trust that, on the spouse/s death, passes to testamentary trusts for the testator’s children, originates from him for s. 104(2)(a) purposes |
| 14 June 2007 External T.I. 2006-0198341E5 F - L'EXPRESSION "VIT DANS UNE RELATION CONJUGALE" |
Income Tax Act - Section 248 - Subsection 248(1) - Common-Law Partner |
meaning of "cohabits… in a conjugal relationship |
| 2007-06-15 |
5 June 2007 External T.I. 2006-0174521E5 F - Avantages imposables - Ordinateur et Internet |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(a) |
85% personal use of employer-funded home computer does not generate taxable benefit if computer is essential to performance of employment duties |
| 7 June 2007 External T.I. 2007-0228831E5 F - Pénalité au rachat d'une obligation |
Income Tax Act - Section 40 - Subsection 40(1) - Paragraph 40(1)(a) - Subparagraph 40(1)(a)(i) |
bond redemption premium entered into computation of capital gain or loss of bondholder notwithstanding withholding of premium from accrued interest |
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