| 2025-03-12 |
30 December 2024 Internal T.I. 2024-1031721I7 F - Notion de déclarant et statut d’Indien |
Income Tax Act - Section 233.3 - Subsection 233.3(1) - Specified Canadian Entity - Paragraph (a) - Subparagraph (a)(iii) |
exemption of income under the Indian Act does not render the individual as exempt from Part I tax, so that T1135/ T1134 reporting is required |
| Other Legislation/Constitution - Federal - Indian Act - Section 87 |
individuals whose income is exempted under the Indian Act nonetheless are subject to the general T1135 and T1134 reporting obligations |
| Income Tax Act - Section 231.4 - Subsection 231.4(1) |
Indians whose income happens to be exempted under the Indian Act nonetheless are subject to the general T1135 and T1134 reporting obligations |
| 30 December 2024 Internal T.I. 2024-1032121I7 F - Pénalité pour omissions répétées |
Income Tax Act - Section 163 - Subsection 163(1) |
per Whissell, where simultaneously filed returns for sequential taxation years, each return can be penalized for income omitted from the preceding (but simultaneously filed) return |
| 31 October 2024 External T.I. 2024-1038061E5 F - Dedicated Carbon Storage |
Income Tax Act - Section 127.44 - Subsection 127.44(1) - Dedicated Geological Storage |
an underground rock deposit used for carbon capture can qualify for refundable tax credit purposes |
| 2025-03-05 |
2022 Ruling 2021-0911791R3 F - Single-wing butterfly - Investment company |
Income Tax Act - Section 55 - Subsection 55(1) - Distribution |
single-wing butterfly of a DC held by two families’ Holdcos, with DC then amalgamated with one of the Holdcos |
| 2000-12-08 |
16 November 2000 External T.I. 1999-0009895 F - Revenu protégé - voiture de tourisme |
Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) |
computing safe income on hand where ECE realized, scrapped depreciable property, borrowing cost incurred or disposition of passenger vehicle |
| Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees |
reorganization expenses are eligible capital expenditures (now Class 14.1) |
| Income Tax Act - Section 13 - Subsection 13(2) |
overview of ss. 13(2) and 20(16.1) |
| 28 November 2000 External T.I. 2000-0027835 F - regime prive d'assur.-maladie |
Income Tax Act - Section 118.2 - Subsection 118.2(2) - Paragraph 118.2(2)(q) |
supplementary medical coverage purchased by individuals as part of other coverage could qualify under s. 118.2(2)(q) |
| Income Tax Act - Section 20.01 - Subsection 20.01(1) |
component of life insurance policy purchased by self-employed individuals that provided supplementary medical coverage could qualify under s. 20.01(1) |
| 15 November 2000 External T.I. 2000-0048015 F - Revenu imposable gagné dans une province |
Income Tax Regulations - Regulation 402 - Subsection 402(3) - Paragraph 402(3)(a) |
where Aco continues as employer for the balance of the year following the business transfer to Bco, it rather than Bco must reflect their payroll under Reg. 402(3), cf. if employs as agent |
| 27 November 2000 Internal T.I. 2000-0054447 F - Interprétation installation - emploi |
Income Tax Act - Section 122.3 - Subsection 122.3(1) - Paragraph 122.3(1)(b) - Subparagraph 122.3(1)(b)(i) - Clause 122.3(1)(b)(i)(B) |
installation” can include software coordination and implementation |
| 1 December 2000 Internal T.I. 2000-0055167 F - fiscal year |
Income Tax Act - Section 249.1 - Subsection 249.1(7) |
year end change not granted to extend period of CCPC status |
| 10 November 2000 External T.I. 1999-0008375 F - Associates corporations |
Income Tax Act - Section 186 - Subsection 186(2) |
example of s. 186(2) also encompassing de jure control |
Email this Content