| 2006-10-20 |
28 September 2006 Internal T.I. 2006-0202901I7 F - Subsection 80(4) - Impact on the CDA |
Income Tax Act - Section 89 - Subsection 89(1) - Capital Dividend Account - Paragraph (a) - Subparagraph (a)(ii) |
application of net capital losses against a forgiven amount does not reduce the reduction for the related capital losses under s. (a)(ii) of the CDA computation |
| 2006-10-13 |
14 September 2006 External T.I. 2006-0167861E5 F - Frais de représentation |
Income Tax Act - Section 67.1 - Subsection 67.1(2) - Paragraph 67.1(2)(a) |
taxpayer is not considered to receive compensation for restaurant bills where they are included in its estimates but not explicitly in its invoices |
| Income Tax Act - Section 67.1 - Subsection 67.1(2) - Paragraph 67.1(2)(c) |
"specifically notified in writing" requirement is not satisfied where restaurant bills are included in fee estimates to clients but not explicitly in the ultimate invoices |
| 3 October 2006 Internal T.I. 2006-0208161I7 F - Projet pilote - Alternative jeunesse |
Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(u) |
Quebec youth alternative payments are social assistance |
| 2 October 2006 Internal T.I. 2006-0168081I7 F - Actions d'une société en faillite |
Income Tax Act - Section 50 - Subsection 50(1) - Paragraph 50(1)(b) - Subparagraph 50(1)(b)(i) |
s. 50(1)(b)(i) satisfied if notice of intention under BIA does not lead to timely filing of proposal – but election must be filed for that rather than subsequent year |
| Income Tax Act - Section 50 - Subsection 50(1) - Paragraph 50(1)(b) - Subparagraph 50(1)(b)(iii) |
if s. 50(1)(b)(iii) conditions are satisfied in a year, the election can be made in a subsequent year – but not if the corporation was a bankrupt in the first year |
| 25 September 2006 External T.I. 2006-0169371E5 F - Résidence principale -Détermination du PBR |
Income Tax Act - 101-110 - Section 107 - Subsection 107(1) - Paragraph 107(1)(a) |
relinquishing to their father by the children of the bare ownership in a residence subject to a usufruct of their father resulted in a deemed trust interest disposition with a gain equal to the residence’s appreciation |
| 3 October 2006 External T.I. 2006-0203911E5 F - Allocations pour l'usage d'un véhicule à moteur |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(b) - Subparagraph 6(1)(b)(vii.1) |
travel from home to attend service calls not in the course of employment |
| 21 September 2006 External T.I. 2005-0147821E5 F - Utilisation d'un véhicule |
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(e) |
standby benefit where vans available to foremen during after hours |
| 2006-09-29 |
1 August 2006 External T.I. 2005-0125431E5 F - Donation rémunératoire et vente à rabais |
Income Tax Act - Section 248 - Subsection 248(31) |
must be a donative intent for there to be a remunerative gift |
| 20 September 2006 External T.I. 2006-0166541E5 F - Revenu d'emploi hors réserve gagné par un Indien |
Other Legislation/Constitution - Federal - Indian Act - Section 87 |
employer is a connecting factor if all its members are on the reserve |
| 19 September 2006 External T.I. 2006-0170861E5 F - Contrat de rente différé et perte courue |
Income Tax Act - Section 148 - Subsection 148(9) - Adjusted Cost Basis |
ACB does not reflect the income for the anniversary year if disposition of interest occurs immediately after the anniversary day |
| Income Tax Regulations - Regulation 307 - Subsection 307(1) - Paragraph 307(1)(b) |
overview of Reg. 307(1)(b) |
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