We have translated 6 more CRA interpretations

26 February 2024 - 11:05pm
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We have translated 6 further CRA interpretations released during April of 2002. Their descriptors and links appear below.

These are additions to our set of 2,762 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 21 3/4 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
2002-04-12 26 April 2002 Internal T.I. 2002-0129707 F - FRAIS D'OUVERTURE DE COMPTE Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(bb) admin fee for shares that generate only capital gains cannot be deducted under s. 20(1)(bb)
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Oversight or Investment Management admin fee on becoming a holder of shares that were not a source of property income was a non-deductible capital expenditure and ACB addition
Income Tax Act - Section 54 - Adjusted Cost Base admin fee for shares that generate only capital gains is an ACB addition
7 March 2002 Internal T.I. 2001-0114957 F - Fiducie de nouveaux arrivants Income Tax Act - Section 94 - Subsection 94(1) - Non-Resident Time s. 94(1)(b)(i)(A)(III) allowed a newcomer to defer FAPI recognition from non-resident trusts for 60 months
4 February 2002 Internal T.I. 2002-0118937 F - Calcul du paragraphe 86.1(3) de la Loi Income Tax Act - Section 86.1 - Subsection 86.1(3) numerical example of operation of s. 86.1(3)
12 February 2002 Internal T.I. 2002-0119057 F - Perte du décédé et intérêt Income Tax Act - Section 161 - Subsection 161(7) - Paragraph 161(7)(b) - Subparagraph 161(7)(b)(ii) “subsequent taxation year” here and in s. 161(7)(a)(iv.2) refers to the first taxation year of the estate
25 April 2002 Internal T.I. 2002-0131937 F - FRAIS D'EMPRUNT-EVALUATION ARPENTAGE Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(e) - Subparagraph 20(1)(e)(ii) cost of appraisal fee required by mortgage lender was deductible
2 May 2002 Internal T.I. 2002-0132877 F - DÉDUCTIBILITÉ DES INTÉRÊTS Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) interest on borrowed money to acquire common shares generally deductible