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Bundle Date Translated severed letter Summaries under Summary descriptor 2017-02-08 19 January 2017 External T.I. 2015-0576751E5 F- Trust, Disposition of depreciable property, Assumption Income Tax Act- Section 248- Subsection 248(1)- Personal Trust non-commital as to whether assumption of debt could constitute tainting consideration Income Tax Act- 101-110- Section 107- Subsection 107(2.1) s. 13(7)(e) applicable to depreciable property distribution Income Tax Act- Section 251- Subsection 251(1)- Paragraph 251(1)(c) trust cannot have a NAL relationship with itself Income Tax Act- Section 13- Subsection 13(7)- Paragraph 13(7)(e) s. 13(7)(e) applicable to s. 107(2.1) distribution but not s. 104(5) deemed disposition Income Tax Act- 101-110- Section 107- Subsection 107(2) s. 107(2) generally available where beneficiary assumes trust debt 2015-12-02 18 February 2015 External T.I. 2012-0471731E5 F- Déductibilité du droit d’usage pour automobile Income Tax Act- Section 8- Subsection 8(1)- Paragraph 8(1)(f) reduced auto enjoyment not an expenditure Income Tax Act- Section 6- Subsection 6(2) no reduction in benefit amount for benefits provided by employee to employer 2 November 2015 External T.I. 2014-0558991E5 F- Loan from an Amateur Athlete Trust Income Tax Act- Section 143.1- Subsection 143.1(1.2)- Paragraph 143.1(1.2)(d) genuine loan to athlete with adequate prospect of repayment not a transfer of property 18 February 2015 External T.I. 2012-0466691E5 F- Revenu d’un Indien hors réserve Other Legislation- Federal- Indian Act- Section 87 fact that work performed by non-reserve Indian was for benefit of reserve Indians was insufficient connecting factor 15 December 2014 Internal T.I. 2014-0547191I7 F- Chantier particulier 15 December 2014 Internal T.I. 2012-0445361I7 F- Remboursement de frais de déménagement Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(a) reimbursement of moving expenses not a taxable benefit if such moving expenses otherwise deductible under s. 62 which, in the case of multiple moves, can turn on whether there is ordinary residence at each location Income Tax Act- Section 2- Subsection 2(1) criteria for determining “ordinarily resides” under s. 62 (coterminous with “ordinarily resident” under s. 250(3)) Income Tax Act- Section 248- Subsection 248(1)- Eligible Relocation expenses re selling a Canadian home after a 2nd relocation abroad are non-deductible if no ordinary residence at 1st location abroad 15 December 2014 Internal T.I. 2014-0544121I7 F- Chantier particulier Income Tax Act- Section 6- Subsection 6(6) work engagement ceased to be temporary based on a change in circumstances 4 March 2015 Internal T.I. 2014-0527751I7 F- Soutien de revenu accordé aux individus Income Tax Act- Section 56- Subsection 56(1)- Paragraph 56(1)(r) includes amounts received under the active employment measures of Emploi-Québec 2015-11-25 3 November 2015 External T.I. 2015-0584261E5 F- Blood relationship- step brother Income Tax Act- Section 252- Subsection 252(1)- Paragraph 252(1)(c) step brothers are related 2015-11-11 2 October 2015 External T.I. 2015-0595111E5 F- Amount paid pursuant to 104(24) Income Tax Act- 101-110- Section 104- Subsection 104(24) amount payable can include a payment in kind if authorized by trust deed 30 September 2015 External T.I. 2015-0590501E5 F- Spousal sharing Income Tax Act- Section 118.1- Subsection 118.1(1)- Total Charitable Gifts gift allocation between spouses still permitted after 2015 15 September 2015 External T.I. 2015-0583221E5 F- Redemption by a cooperative of its own shares Income Tax Act- Section 40- Subsection 40(1)- Paragraph 40(1)(a)- Subparagraph 40(1)(a)(i) no gain to cooperative corporation from redemption of its own preferred shares 2015-10-07 20 August 2015 External T.I. 2015-0581681E5 F- Non-resident trust rules Income Tax Act- Section 248- Subsection 248(1)- Corporation Liechtenstein Foundation a trust Income Tax Act- Section 94- new- Connected Contributor Liechtenstein Foundation with Canadian-resident beneficiary not subject to s. 94(3) 2015-09-30 9 September 2015 External T.I. 2014-0563611E5 F- Call Centre- Location of the services performed Income Tax Regulations- Regulation 105- Subsection 105(1) non-resident call centre not rendering services in Canada ...

Profit- Shares capital v. income character determined at trust level Income Tax Act- 101-110- Section 104- Subsection 104(21) flow-through to unitholder of capital gain designated by MFT Income Tax Act- Section 132- Subsection 132(6) day trading included in investment undertaking Income Tax Act- Section 18- Subsection 18(1)- Paragraph 18(1)(a)- Income-Producing Purpose s. 39(4) presumption establishing expense non-deductibility 24 March 2015 External T.I. 2012-0432951E5 F- Application of section 7 Income Tax Act- Section 7- Subsection 7(1)- Paragraph 7(1)(a) agreement to sell for nil monetary consideration is included 3 March 2015 External T.I. 2014-0540051E5 F- Indiens – Intérêts d'une institution hors réserve Other Legislation/Constitution- Federal- Indian Act- Section 87 life annuity purchased off reserve did not qualify 10 February 2015 External T.I. 2014-0549331E5 F- Borne de recharge – catégorie d'amortissement Income Tax Regulations- Schedules- Schedule II- Class 43.2 vehicle charging stations included in Class 8, not 43.1 or 43.2 19 January 2015 External T.I. 2014-0549061E5 F- logement des employés Income Tax Act- Section 6- Subsection 6(6)- Paragra;h 6(6)(a) permanent duties in a precarious field are not temporary duties/"remote" means over 80 km. ...

Before so concluding, the majority made numerous observations on transfer pricing principles, as they bore on the determination of an arm’s length price, including: “one should include all of the objective circumstances of the actual... mine” and the “objective circumstances of the copper concentrate market as at February 2007” however, “it would be appropriate to exclude any considerations that are the product of C.M.P.L.’s non-arm’s length relationship with G.I.A.G. and the broader Glencore Group” which “would include whatever attitude or policy C.M.P.L. had formed about the issue of risk when selling to G.I.A.G” “C.M.P.L. … could legitimately adopt a more conservative approach to risk so long as it was commercially rational to do so, and it is what an independent party dealing at arm’s length might reasonably be expected to have done” “the possibility of a range of arm’s length outcomes, each of which would be sufficient to answer the statutory test, is supported by authority” Neal Armstrong. ...

Reg. 5907(2.01) to some extent accommodates “pack and sale” transactions (respecting a drop down of a business unit to a foreign Newco followed by an arm’s length sale of the Newco) by rendering Reg. 5907(5.1) inoperative to transactions occurring on a rollover basis under the foreign tax law (so that exempt surplus may be generated) if certain conditions are met, one of which is that the only consideration received in respect of the particular drop-down disposition is shares of the capital stock of another FA of the taxpayer. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2009-02-13 14 January 2009 External T.I. 2008-0274271E5 F- Rente de la Suisse Income Tax Act- Section 56- Subsection 56(1)- Paragraph 56(1)(a)- Subparagraph 56(1)(a)(i)- Clause 56(1)(a)(i)(C.1) does not extend to pension from Switzerland Treaties- Income Tax Conventions- Article 18 exemption under Art. 18(2) of the Canada-Switzerland treaty 12 January 2009 External T.I. 2008-0293901E5 F- Article 80 Income Tax Act- Section 20- Subsection 20(1)- Paragraph 20(1)(c)- Subparagraph 20(1)(c)(ii) indirect use test also applies to the extent of eligible capital attributable to shares repurchased in consideration for debt issuance Income Tax Act- Section 80- Subsection 80(1)- Commercial Debt Obligation de minimis interest deductibility on a debt could cause it to be a commercial debt obligation 19 January 2009 Internal T.I. 2008-0305241I7 F- Impôt de la partie I.3 et PCGR Income Tax Act- Section 181- Subsection 181(3) CRA can challenge taxpayer’s application of GAAP 2009-02-06 22 January 2009 External T.I. 2008-0290971E5 F- Bénéfices de fabrication et de transformation Income Tax Act- Section 125.1- Subsection 125.1(3)- Canadian Manufacturing and Processing Profits operation of breaking bulk packages into smaller lots for repackaging and sale was not “processing” Income Tax Regulations- Schedules- Schedule II- Class 29 equipment used in dividing and repackaging bulk goods was not “processing” equipment 2009-01-30 21 January 2009 External T.I. 2008-0266191E5 F- Part IV & Capital Gain Strip Income Tax Act- Section 186- Subsection 186(1)- Paragraph 186(1)(b) 943963 Ontario followed Income Tax Act- Section 55- Subsection 55(2.1)- Paragraph 55(2.1)(c) portion of the dividend received by the recipient corporation that is subject to Pt. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2021-06-02 14 April 2021 External T.I. 2018-0785921E5 F- alinéa 87(1)a) Income Tax Act- Section 87- Subsection 87(1)- Paragraph 87(1)(a) a statutory amalgamation satisfied s. 87(1)(a) notwithstanding a distribution of cash on the amalgamation 2008-02-15 6 February 2008 Internal T.I. 2007-0249001I7 F- Crédit d'impôt-frais médicaux-Fourgonnette adaptée Income Tax Act- Section 118.2- Subsection 118.2(2)- Paragraph 118.2(2)(l.7) costs of adapted toilet, a supplementary heating system, a solar panel and a battery in large van used by spouse with special needs were not covered 6 February 2008 Internal T.I. 2008-0265661I7 F- ajustements salariaux rétroactifs Income Tax Act- 101-110- Section 110.2- Subsection 110.2(1)- Qualifying Amount voluntary pay equity adjustments were not qualifying amounts 2008-02-08 8 November 2004 Internal T.I. 2004-0076271I7 F- Émission d'options d'achat d'actions Income Tax Act- Section 9- Computation of Profit unclear whether the FMV of options issues in consideration for purchases of property or services is the cost thereof 31 January 2008 External T.I. 2007-0230111E5 F- Déclaration des remboursements de dépenses Income Tax Regulations- Regulation 200- Subsection 200(1) expense reimbursements, including GST, are included on T4A 2008-02-01 23 January 2008 External T.I. 2006-0206351E5 F- Subsection 69(11) Income Tax Act- Section 69- Subsection 69(11) no application to transfer of interests in family farm partnership to farming son 21 January 2008 External T.I. 2007-0227531E5 F- GRIP / GRIP Addition for 2006 Income Tax Act- Section 89- Subsection 89(14) for 2006 only, CRA accepted designating a portion of a dividend as an eligible dividend 16 January 2008 External T.I. 2007-0232751E5 F- Éléments "A" et "B" du paragraphe 127(10.2) Income Tax Act- Section 125- Subsection 125(5.1) no inclusion of taxable capital regarding associated non-resident with no Canadian PE Income Tax Act- Section 127- Subsection 127(10.2) expenditure limit does not take into account income of associated non-resident that has no Canadian PE or other Canadian nexus 28 January 2008 External T.I. 2007-0250831E5 F- Part IV.1 and VI.1 Taxes- Subsection 55(2) Income Tax Act- Section 191- Subsection 191(4) s. 191(4) unavailable where redemption occurred subsequently to reduction in redemption amount pursuant to a price adjustment clause Income Tax Act- Section 55- Subsection 55(3)- Paragraph 55(3)(a)- Subparagraph 55(3)(a)(i) s. 55(3)(a)(i) exception does not apply to a redemption of a preferred share giving rise to a deemed dividend irrespective of conversion of that dividend to capital gain Income Tax Act- Section 191.1- Subsection 191.1(1)- Paragraph 191.1(1)(a) dividend subject to s. 55(2) can also be subject to Pt. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2007-09-28 12 September 2007 External T.I. 2006-0211121E5 F- Fiducie non-résidente Income Tax Act- Section 94- Subsection 94(1)- Resident Contributor must generally consider whether the mooted resident contributor was resident in Canada at the trust’s year end and had made a contribution thereto then or prior thereto Income Tax Act- Section 233.3- Subsection 233.3(1)- Specified Foreign Property generally no reporting obligations on T1135 where interest in non-resident trust acquired for not consideration 2007-09-21 13 September 2007 External T.I. 2007-0251081E5 F- Transactions d'options d'achat d'actions Income Tax Act- Section 49- Subsection 49(1) before any GAAR application, an expiring non-capital loss can be converted to a net capital loss by selling a covered option at year end and purchasing an offsetting position a few days later 11 September 2007 External T.I. 2007-0227421E5 F- Investment tax Credit- Production of Slate Income Tax Act- Section 248- Subsection 248(1)- Mineral Resource extracting slate from quarry would be producing industrial minerals rather than extracting minerals from a mineral resource 2007-09-14 29 August 2007 Internal T.I. 2007-0219931I7 F- Perte sur taux de change- société de personnes Income Tax Act- Section 39- Subsection 39(2) s. 39(2) gain to partnership when USD advance owing by it is converted to units Income Tax Act- Section 53- Subsection 53(2)- Paragraph 53(2)(c)- Subparagraph 53(2)(c)(i) no basis increase where partner converts its USD advance with accrued FX gain into additional units 24 July 2007 External T.I. 2007-0227261E5 F- Remise de certificats cadeaux à des employés Income Tax Act- Section 5- Subsection 5(1) gift certificates given out to employees on a draw are cash equivalent taxable gifts 4 September 2007 Internal T.I. 2007-0237791I7 F- Gain et perte sur taux de change Income Tax Act- Section 40- Subsection 40(1)- Paragraph 40(1)(a)- Subparagraph 40(1)(a)(i) USD loan to parent no longer represented money on deposit, so that funds movement generated FX gain or loss Income Tax Act- Section 40- Subsection 40(2)- Paragraph 40(2)(g)- Subparagraph 40(2)(g)(ii) s. 40(2)(g)(ii) extended to FX losses on non-interest-bearing loan to parent 2007-09-07 24 August 2007 External T.I. 2006-0215691E5 F- Ristourne d'un régime d'assurance collective Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(f) application of rebate by employer-policyholder to reduce premiums payable by employees would render their disability benefits partly taxable 17 July 2007 Internal T.I. 2007-0241701I7 F- Remboursement de primes versées à un RPAM Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(a) refund of premiums when coverage denied did not generate a taxable benefit 2007-08-31 13 August 2007 External T.I. 2007-0224151E5 F- Surplus Stripping Income Tax Act- Section 84- Subsection 84(2) proposed transactions that converted the proceeds of sale of a business into proceeds of share sale were surplus-stripping transactions 22 August 2007 External T.I. 2007-0242721E5 F- Frais de déménagement engagés par un étudiant Income Tax Act- Section 62- Subsection 62(1)- Paragraph 62(1)(c) student cannot deduct moving expenses against future employment income ...

Similar considerations indicated that s. 227(4.1) did not create a trust that accorded with common law concepts. ...

(a) exclusion does not apply to substituted property Income Tax Act- Section 248- Subsection 248(5) phrase “substituted property” must be used to engage s. 248(5) 1 February 2006 External T.I. 2005-0142411E5 F- Don entre vifs- bien agricole admissible Income Tax Act- Section 69- Subsection 69(1)- Paragraph 69(1)(c) words of transfer not determinative as to whether there is a gift or sale for nominal consideration 17 February 2006 External T.I. 2005-0153931E5 F- Primes d'installation médecins Income Tax Act- Section 12- Subsection 12(1)- Paragraph 12(1)(x) signing bonuses to medical practitioners to establish in remote areas are taxable Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(a) signing bonuses to medical practitioners to locate in remote areas are a taxable benefit 2006-02-17 2 February 2006 External T.I. 2005-0152871E5 F- Crédit d'impôt pour emploi à l'étranger Income Tax Act- Section 122.3- Subsection 122.3(1)- Paragraph 122.3(1)(a) partial funding under Reg. 3400 international development assistance program precludes credit 7 February 2006 External T.I. 2005-0122381E5 F- Consequential assessment Income Tax Act- Section 152- Subsection 152(4.3) taxpayer following a redetermination to allow a loss for Year 1 can carry that loss forward to a statute-barred year pursuant to s. 152(4.3) 2 February 2006 External T.I. 2005-0127351E5 F- Fiducie révocable-Prêt authentique Income Tax Act- Section 75- Subsection 75(2) exception for bona fide loans/trustee may guarantee a loan 2006-02-10 2 February 2006 External T.I. 2005-0111911E5 F- Participation indivise dans un immeuble-fiducie Income Tax Act- Section 70- Subsection 70(5) grant under will of usufruct and bare ownership to surviving spouse and children, respectively, resulted in a deemed s. 70(5) disposition to a testamentary trust Income Tax Act- Section 54- Principal Residence- Paragraph (c.1) grant under will of usufruct in 2-unit property to surviving spouse constituted a disposition to a testamentary trust which could make the (c.1) designation for the home unit 2 February 2006 External T.I. 2005-0152431E5 F- Utilization of non-capital losses Income Tax Act- Section 69- Subsection 69(11) s. 69(11) would not apply where losses are applied against services income of Amalco Income Tax Act- Section 256- Subsection 256(7)- Paragraph 256(7)(a)- Subparagraph 256(7)(a)(i) s. 256(7)(a)(i) applicable where sister transfers Lossco to Profitco owned equally by her and three siblings ...

20 January 2022- 11:13pm Singapore Telecom – Federal Court of Australia finds that arm’s length parties would not have agreed to a loan having a significant participation feature Email this Content A Singapore-resident company (“SAI”) transferred the shares of a recently-acquired Australian telecom company (“SOPL”) to an Australian subsidiary (“STAI”) in consideration for common shares and $5.2B in unsecured notes which had a term of approximately 10 years and bore interest at a floating rate equal to the 1 year bank bill swap rate (“BBSR”) plus 1%, but multiplied by a gross-up factor of 10/9 to reflect that the interest was subject to withholding tax. ...