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Regarding the resulting disposition, the Directorate stated: [Here] there was a disposition of the seized equipment … at the time the court confiscated the property pursuant to section 16 of the Controlled Drugs and Substances Act. … [T]ax treatment of such equipment dispositions should be in accordance with the Act regardless of whether they are derived from illegal activity. ...

6 January 2005 Internal T.I. 2004-0100241I7 F- Imposition des rentes au décès-- summary under Paragraph 148(2)(b) Summary Under Tax Topics- Income Tax Act- Section 148- Subsection 148(2)- Paragraph 148(2)(b) no disposition of PAC under s. 148(2)(b) – but disposition if estate elects to commute Regarding the taxation of prescribed and non-prescribed annuity contracts on the death of the holder and annuitant (the "Annuitant"), the Directorate referred to ss. 148(2)(b) and (c), and then stated: [O]n the death of a prescribed annuity contract holder, the deemed disposition rule in paragraph 148(2)(b) does not apply. … If the annuity contract provides that on the death of the Annuitant, the Estate continues to receive the annuity amounts but also has the option to terminate the annuity contract and receive a lump sum, there will be a disposition of the prescribed annuity contract by the Estate when it makes the election. ...

Before concluding that this annual amount also qualified as a support amount, the Directorate stated: … Robert Monette v. ... The Queen (T.C.C.) 94 DTC 1356 … concluded that the amount paid to reimburse the income tax on the taxable support received was related to the monthly support payments and represented a periodic allowance deductible pursuant to paragraph 60(b) and taxable pursuant to paragraph 56(1)(b). ...

. … ACo has no gain on the disposition of the FA2 shares, in which case ACo’s elected amount would become $ nil. ...

19 May 2020 Internal T.I. 2020-0841791I7- Application of paragraph 111(4)(e)-- summary under Paragraph 13(34)(a) Summary Under Tax Topics- Income Tax Act- Section 13- Subsection 13(34)- Paragraph 13(34)(a) goodwill and customer relationship constituted single goodwill property In connection with an acquisition of its control, Canco used a s. 111(4)(c) and(d) write-down of debt owing by a controlled foreign affiliate to designate the s. 111(4)(e) write-up of the capital cost of goodwill (Class 14.1), customer relationships (Class 14.1) and intellectual property (Class 12 – e.g., software or video copyright?). ... CRA also indicated after referring to the mening under the jurisprudence of "goodwill" and s. 13(34)(a) that “the goodwill and the customer relationship … constitute a single property, being the goodwill in respect of the Taxpayer’s business.” ...

CRA noted that s. 161(7) – which contemplates that where there is a carryback of a loss to eliminate a tax payable balance for a taxation year, interest generally will accrue on that balance until a specified effective date of the carryback – does not apply to a low carryforward. ...

. … [If] the expenses [were] incurred voluntarily or with the intention of discharging a legal obligation made to restore a site or repair environmental damage that was caused directly by the company's operations … [then] those expenses would generally be considered a cost of doing business. ...

31 July 2000 Internal T.I. 2000-0017597 F- COMMISSION-POLICES D'ASSURANCE-VIE-- summary under Business Source/Reasonable Expectation of Profit Summary Under Tax Topics- Income Tax Act- Section 3- Paragraph 3(a)- Business Source/Reasonable Expectation of Profit commissions of a life insurance salesperson on acquiring an annuity contract or segregated fund policy are not exempted under IT-470R, para. 27 Regarding a life insurance salesman who acquired a segregated fund policy or an annuity contract and received commissions that he did not include in his income in reliance on IT-470R, para. 27, the Directorate stated: The tax treatment of commissions received on the purchase of segregated fund policies or annuity contracts should … be the same as that accorded to commissions received by securities brokers who purchase shares on the stock exchange or mutual funds as a personal investment. … Consequently, the commissions received by a life insurance salesperson as a result of the acquisition of an annuity contract or a segregated fund policy as an investment are taxable to the salesperson. ...

As the exchange rate was $1US = $1 Canadian, the shares had a cost of $200M. ... (footnote 1: If such deemed gain arose in a taxation year of Canco that began on or before August 19, 2011, and was wholly attributable to fluctuation in the value of the US currency relative to Canadian currency it would be a subsection 39(2) capital gain. …) Alternatively…subsection 40(1) provides for the computation of a gain or loss based on the ACB to Canco of the shares of Foreignco...when the shares are disposed of by Canco. ... An argument could be made that for the purposes of subsection 39(2), Canco "made a gain" because of a fluctuation in the value of US currency relative to Canadian currency in the same way that a lender might make a gain on the repayment of a portion of a foreign currency denominated loan. … If subsection 39(2) were also applicable, the accretion in the value of the share investment attributable to foreign currency fluctuation would be duplicated in the gain computed under subsection 39(2) and any potential gain calculated in respect of the shares under section 40. ...

After noting that the Mining Properties appeared to be property described in (f) of the Canadian resource property definition, that their disposition date was “the effective date and the date on which the conditions … were satisfied,” that the sale agreement did not specify a sale price, and that in F of the CCDE definition the “the expression ‘became receivable’ should have the same meaning as for the purposes of paragraph 12(1)(b),” the Directorate first turned to the cash component of the deferred consideration and stated that, having regard to jurisprudence indicating that where proceeds included note receivable, the value of such notes was not to be discounted: this is even more the case when it comes to monetary consideration. ... Turning to the deferred share issuance consideration portion of the sale consideration, the Directorate noted that over the four-year deferred payment period, the shares’ market price could “fluctuate greatly,” and stated that the TSO accordingly might: conclude that such portion of the proceeds of disposition for the Mining Properties by the Vendor is not determinable prior to the date of issuance of the shares by the Purchaser and that such portion of the proceeds of disposition would be recognized for tax purposes at the times of their issuance …. The Directorate also stated that it was prepared to extend the position in IT-125R4, para. 14 respecting farmouts to this situation, so that: an amount equal to the exploration expenses [required to be incurred by the Purchaser] would not result in proceeds of disposition to the Vendor for purposes of element F …. ...