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5 September 1990 Administrative Letter 901136 F- Canadian Investment Income Unedited CRA Tags 20(1)(n), 12(1)(e)(ii), 125(7) specified investment business, 129(4) Canadian investment income, 129(4.1)   September 5, 1990 G. ... We understand this term to mean the funds of the taxpayer that do not constitute property that is: (a)     incident to or pertains to an active business carried on by the taxpayer, or (b)     used or held principally for the purpose of gaining or producing income from an active business carried on by it. ... Issue 4: 24(1)  You find support for your position in the following statement in paragraph 5 of Interpretation Bulletin IT-73R4:      "Where a corporation was incorporated to earn income by carrying on a business, there is a general presumption that profits arising from it's activities are derived from a business. ...

Lavigne, Director Benoit Mandeville  Acting Chief 957-8953 Specialized Audit Programs Attention:  Mara Praulins Specified Member of a Partnership This is in reply to your memorandum dated December 8, 1993, in which you asked our opinion whether XXXXXXXXXX The definition of the expression "specified member" in subsection 248(1) of the Income Tax Act (the "Act") provides, among other things, that any member of a partnership will be a "specified member" in a fiscal period or taxation year of the partnership, as the case may be, unless the member (i)      is actively engaged in those activities of the partnership business which are other than the financing of the partnership business, or (ii)      is carrying on similar business as that carried on by the partnership in its taxation year, otherwise than as a member of a partnership, on a regular, continuous and substantial basis throughout that part of the period or year during which the business of the partnership is ordinarily carried on and during which the member is a member of the partnership. ... 2)     Where the partnership engages others to carry out activities of the partnership (such as research), are the activities which relate to management, decision making, direction, promotion, etc., performed by the partner himself? ... 3)     Who makes the decisions related to the daily operation (other than financing) of the partnership? ...

The only assets owned by AB Co. are: (1) a building with a tax cost of $1 and a fair market value of $100,000; and (2) a business having shareholder's equity of $1 and a fair market value of $100,000 made up of goodwill with a value of $100,000 and no tax cost.     ... No other shares of Newco will be issued, except for preferred shares with a paid-up capital of $1 and a redemption value of $100,000 to be issued to AB Co.to complete the transfer of the building to Newco on a tax- deferred basis under section 85 of the Act.     ... Paragraph 55(3)(a) of the Act provides, in general terms, that subsection 55(2) will not apply to a dividend received by a corporation if the dividend was received as part of a series of transactions or events that did not result in     (i) a disposition of any property to a person with whom the corporation which received the dividend was dealing at arm's length,     or     (ii) a significant increase in the interest in any corporation of any person with whom the corporation which received the dividend was dealing at arm's length. ...

23 June 1989 Administrative Letter 58226 F- Refundable Divided Tax on Hand of a Canadian-controlled Private Corporation Unedited CRA Tags 84(3)(b), 89(1) paid-up capital, 89(1) private corporation, 125(7) Canadian-controlled private corporation, 129, 186 19(1) File No. 5-8226   S. Shinerock   (613) 957-2108 June 23, 1989 Dear Sirs: Re:  Subsection 129(1) and 186(1) of the Income Tax Act (the "Act") We refer to your letter of November 10, 1988 in which you requested a technical interpretation of the provisions of subsection 129(1) of the Act as it interacts with the provisions of subsection 186(1) of the Act in the situation described below. ... Paragraph 129(1)(a) of the Act states that:      Where a corporation was, at the end of any taxation year, a private corporation and a return of its income for the year has been made within 3 years from the end of the year, the Minister (a)     may, upon mailing the notice of assessment for the year, refund without application therefor an amount (in this Act referred to as its "dividend refund" for the year) equal to the lesser of (i)     1/4 of all taxable dividends paid by it in the year on shares of its capital stock; and (ii)     its refundable dividend tax on hand at the end of the year. ...

3 March 1992 Administrative Letter 9201626 F- Automobile Allowances Prescribed Amounts Unedited CRA Tags 6(1)(b)(vii.1), 18(1)(r), ITR 7305, ITR 7306   March 3, 1992 Audit Technical Support Division R.B. ... The employer pays the employee a per-kilometre allowance equal to the maximum amounts prescribed by Regulations 7305 and 7306.       ... DathDirectorBusiness and General DivisionRulings DirectorateLegislative and Intergovernmental  Affairs Branch c.c.       ...

24 August 1993 Administrative Letter 9323106 F- Withholding Liability Re Payment by Director to Employee Unedited CRA Tags 153, ITR 100, ITR 101   Source Deductions Division Personal and General A. ... Our understanding of the facts are as follows; 1.     XXXXXXXXXX 2.      ... XXXXXXXXXX 4.     Neither the directors nor the committee of employees is registered as an employer with Revenue Canada. ...

2 December 1993 Administrative Letter 9326906- Scientific Research- General Unedited CRA Tags 20(1)(e), 37(1), 37(7)(c), ITR 2902   December 2, 1993 Direction de la vérification Direction des décisions Division des programmes de Section des industries vérification manufacturières, des sociétés et des fiducies A l'attention de Mara D. ... Ces frais seront déductibles en vertu du paragraphe 37(1) de la Loi que dans la mesure où l'une des conditions suivantes est rencontrée: 1)     les frais d'émission représentent des dépenses engagées pour de la recherche scientifique et du développement expérimental («RS&DE») et y sont attribuables en totalité ou presque; ou 2)     les frais d'émission sont des dépenses courantes directement attribuables à de la RS&DE, i.e. des dépenses courantes qui répondent aux deux critères suivants: a)     ils sont directement liés à de la RS&DE; et b)     ils n'auraient pas été engagés si cette RS&DE n'avait pas été effectué. ...

24 November 1989 Administrative Letter 58996 F- Acquisition of Control Unedited CRA Tags 249(4), 256(7) 19(1) File No. 5-8996   P. ... Facts 1.     Mr. A is the sole shareholder of Company A, a taxable Canadian corporation. 2.      ... A transfers all of his shares of Company A to Company X and receives as consideration therefore, 55% of the voting shares of Company X, a taxable Canadian corporation. 3.      ...

8 January 1990 Administrative Letter HBW66046- Rachat de droits à pension pour services passés en vertu d'un régime de pension agréé- déductibilité des intérêts Unedited CRA Tags 8(1)m), 60j), 8(8) 19(1) HRW 6604-6   B. ... De plus, tout excédent non déductible en vertu de cet alinéa pourra être reporté prospectivement en vertu du paragraphe 8(8) de la Loi et déduit par les contribuables dans une ou des années suivantes, compte tenu des limites prévues à l'alinéa 8(1)m) de la Loi. 2.      ... Selon la législation envisagée relative à la réforme des pensions, les contribuables n'auront plus droit à cette déduction après 1989. 3.      ...

18 May 1990 Administrative Letter 74726 F- Distribution of Proceeds of Realization to Secured Creditor Unedited CRA Tags 159(2), 159(3), 150(3)   May 18, 1990 TORONTO DISTRICT OFFICE HEAD OFFICE P. ... Robb   (613) 957-2744   File No. 7-4726 SUBJECT:  24(1) Application of subsections 159(2) and (3) of the Income Tax Act (Canada) (the "Act") We are writing in response to your memorandum of February 15, 1990 concerning the application of subsection of subsections 159(2) and (3) in respect of certain transactions of the 24(1)  The facts as we understand them are as follows: Facts 24(1) Your Views In your view, 24(1) You have also requested our comments on Mr. ... ClarkChiefLeasing & Financing SectionFinancial Industries DivisionRulings Directorate   ...