We have translated 9 more CRA interpretations

16 May 2022 - 11:17pm
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We have published a translation of a CRA ruling released last week and a further 8 translations of CRA interpretation released in December of 2004. Their descriptors and links appear below.

These are additions to our set of 2,039 full-text translations of French-language Technical Interpretation and Roundtable items (plus some ruling letters) of the Income Tax Rulings Directorate, which covers all of the last 17 1/3 years of releases of such items by the Directorate. These translations are subject to our paywall (applicable after the 5th of each month).

Bundle Date Translated severed letter Summaries under Summary descriptor
2022-05-11 2021 Ruling 2020-0865901R3 F - Post-mortem Hybrid Pipeline Income Tax Act - Section 84 - Subsection 84(2) pipeline involving a deferred distribution of portfolio assets from the corporation held on death
2004-12-31 17 December 2004 External T.I. 2004-0095331E5 F - Déductibilité des intérêts Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) where 1/3 of property, that had appreciated after being acquired with borrowed money, is sold and used for personal purposes, 1/3 of the interest ceases to have an eligible current use
20 December 2004 External T.I. 2004-0092871E5 F - Arm's Length: de facto control Income Tax Act - Section 256 - Subsection 256(5.1) Silicon Graphics has not changed the CRA view that the holder of a large demand note can have de facto control
2004-12-17 16 December 2004 External T.I. 2004-0070341E5 F - Déduction des intérêts sur un deuxième emprunt Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) interest on money borrowed to pay interest on an interest-deductible loan is deductible
10 December 2004 External T.I. 2004-0080141E5 F - Remboursement de cotisations syndicales Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(j) refunds in excess of current year’s paid dues are income
15 December 2004 External T.I. 2004-0081411E5 F - Société étrangère Income Tax Act - Section 91 - Subsection 91(1) overview of FAPI rules/ rules in ss. 15(1), 56(2) or 246(1) apply in addition
Income Tax Act - Section 128.1 - Subsection 128.1(4) - Paragraph 128.1(4)(b) deemed disposition on emigration of individual’s shares of CFA
13 December 2004 External T.I. 2004-0088971E5 F - Change étranger Income Tax Act - Section 9 - Computation of Profit transactions can be recorded at the average exchange rate provided that a year end adjustment is made
16 December 2004 External T.I. 2004-0093221E5 F - Résidence des membres du clergé Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(c) RC lay pastoral workers not authorized to exercise most functions of a minister are not regular ministers/ position must be of some permanence
13 December 2004 External T.I. 2004-0094991E5 F - Look-Back Rule: Flow-Through Shares Income Tax Act - Section 66 - Subsection 66(12.66) issuance of shares pursuant to flow-through warrant starts a fresh 24-month period and fresh application of s. 66(12.66) look-back rule