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Adèle St-Amour 998-0290 Le 11 octobre 2002 2002-015679 ROUND-TABLE ON FEDERAL TAXATION APFF- 2002 CONVENTION Question 9 Note on share buy-back According to the CCRA, the interest payable on a note issued in consideration of the redemption of shares is not deductible in the computation of income because the note does not constitute borrowed money for the purposes of paragraph 20(1)(c) I.T.A. ...

It is a question of fact as to whether the husband and wife would be considered to meet the excluded business test for a particular taxation year (or continue to meet such test in any subsequent taxation year) as consideration must be given to the ongoing nature, and labour requirements of the corporation’s business. ...

L’ARC indiquait que dans la décision Brelco, la Cour d’appel fédérale avait conclu qu’il n’était pas approprié de ne jamais prendre en considération les pertes d’une société étrangère affiliée dans le calcul du revenu protégé en main, et que la détermination du montant du revenu protégé en main était une question de fait qui ne pouvait être déterminée qu’en tenant compte de tous les faits et circonstances afférents à chaque situation. ...

L’ARC a toutefois indiqué récemment qu’elle ne prendra plus en considération de telles demandes de décisions anticipées (footnote 1). ...

The determination of whether these provisions could apply on the transfer of property from Trust to NewTrust would require consideration of all the relevant facts and circumstances, including the terms and conditions that apply in respect of Trust and NewTrust. ...

However, in CRA document 2014-0521301E5, dated June 25, 2014, the CRA stated that it would not allow such a plan because it “would not likely constitute a plan in the nature of insurance”: [A] cost-plus plan under which the administrator agrees to reimburse the sole employee/shareholder, his or her spouse, and members of his or her household for actual medical and hospital expenses and receives, as consideration, an amount equal to the amount reimbursed plus an administrative fee, does not qualify as a PHSP since it does not contain the necessary elements of insurance. ...

15 June 2022 STEP Roundtable Q. 12, 2022-0929321C6- Sale to Alter Ego Trust Unedited CRA Tags 73(1), 73(1.01), 73(1.02) Principal Issues: 1) In a situation where the settlor of an alter ego trust transfers property to the Trust for consideration, without electing out of the subsection 73(1) rollover, does CRA agree that the Transferred Property will be deemed to have been disposed of by the settlor for proceeds equal to their adjusted cost base to the settlor (absent an election to the contrary) even though the settlor received payment? ...

Broadcast Rights Payments are consideration for a right to which paragraph (f) of the definition of “copyright” in the Copyright Act applies, i.e. the right to communicate work to the public by telecommunication. ...

The same paragraph indicates that for a service business, the place where the services are performed should be given consideration. ...

The existence of a main purpose to obtain the benefits of Article 10 of the Treaty can only be answered in consideration of the specific situation. ...