Search - convention

., 2021 SCC 49 under s. 245(4), Treaties – Income Tax Conventions, Art. 4, Statutory Interpretation- Treaties. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2021-11-24 2020 Ruling 2020-0840631R3 F- Purpose Test in Subsection 55(2) Income Tax Act- Section 55- Subsection 55(2.1)- Paragraph 55(2.1)(b) no application of s. 55(2) because ss. 88(2)(b) and 84(2) dividends did not significantly reduce capital gains Income Tax Act- Section 88- Subsection 88(2)- Paragraph 88(2)(b) deemed ss. 88(2)(b) and 84(2) dividends on winding-up into three Holdcos 2006-05-19 4 May 2006 Internal T.I. 2006-0183801I7 F- 152(3.1) Normal Reassessment Period Determination Income Tax Act- Section 152- Subsection 152(3.1) normal reassessment period excludes the day of initial assessment Statutory Interpretation- Interpretation Act- Section 27- Subsection 27(4) Brunette followed re computing normal reassessment period 2006-05-12 6 April 2006 Internal T.I. 2005-0157361I7 F- Pension alimentaire Income Tax Act- Section 60- Paragraph 60(b) normal rules not changed where non-resident recipient 24 April 2006 External T.I. 2006-0166041E5 F- Transfert de biens entre époux séparés Income Tax Act- Section 40- Subsection 40(4) s. 40(4) feeds principal residence claim of spouse after she acquires the co-ownership interest of her separated husband for $1 Income Tax Act- Section 74.5- Subsection 74.5(3) separation judgment unnecessary for s. 74.5(3) election to avoid attribution 7 April 2006 External T.I. 2005-0132981E5 F- Avantages imposables à des employés Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(b) measuring 3 hours of overtime to justify meal allowance Income Tax Act- Section 20- Subsection 20(10) meaning of convention 7 April 2006 External T.I. 2005-0152801E5 F- Remboursement de frais de scolarité Income Tax Act- Section 15- Subsection 15(1) paying costs for its sole shareholder to get an MBA was not a taxable benefit Income Tax Act- Section 18- Subsection 18(1)- Paragraph 18(1)(b)- Capital Expenditure v. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2005-04-01 23 March 2005 Internal T.I. 2005-0113931I7 F- Safe income on hand calculation: Life Insurance Income Tax Act- Section 55- Subsection 55(2.1)- Paragraph 55(2.1)(c) non-deductible life insurance premiums reduced SIOH 2005-03-25 22 March 2005 External T.I. 2005-0112081E5 F- Convention de retraite- lettre de crédit Income Tax Act- Section 207.7- Subsection 207.7(2) where LC used to secure RCA benefits and refundable tax generated on funding of LC fees, refundable tax not recoverable based on paying the benefits Income Tax Act- Section 207.5- Subsection 207.5(1)- Refundable Tax use of letter of credit to secure RCA benefits Income Tax Act- Section 207.5- Subsection 207.5(2) election not available to custodian holding an LC 22 March 2005 Internal T.I. 2005-0115451I7 F- Extinction d'une remise de dette Income Tax Act- Section 80- Subsection 80(1)- Forgiven Amount no deduction where forgiven debt is subsequently restored pursuant to improved fortunes clause Income Tax Act- Section 80.01- Subsection 80.01(10) repayment deduction under s. 80.01(10) General Concepts- Effective Date CRA assesses based on the state of affairs at year end 2005-03-18 1 February 2005 External T.I. 2004-0083921E5 F- Société mandataire, gain & CIÉ Income Tax Act- Section 126- Subsection 126(7)- Non-Business-Income Tax US taxes paid by a corporation based on falsely representing that the related gain was its gain could generate a FTC to the Canadian shareholder for which it in fact was agent 4 February 2005 External T.I. 2004-0085361E5 F- Changement de résidence: émigration Income Tax Act- Section 122.6- Eligible Individual- Paragraph (c) required repayment of CCB if received after departure from Canada 31 January 2005 External T.I. 2004-0091301E5 F- Déductions à la source-avantage autre qu'en argent Income Tax Act- Section 153- Subsection 153(1)- Paragraph 153(1)(a) no source deductions required where a non-cash benefit is the sole remuneration Income Tax Act- Section 153- Subsection 153(1.1) no source deductions required where free accommodation was the intern's only benefit 4 February 2005 External T.I. 2004-0093611E5 F- Don par testament d'un bien culturel Income Tax Act- Section 39- Subsection 39(1)- Paragraph 39(1)(a)- Subparagraph 39(1)(a)(i.1)- Clause 39(1)(a)(i.1)(B) s. 39(1)(a)(i.1) unavailable where capital gain realized under s. 104(4)follow-up in 2005-0131741E5 F 15 March 2005 Internal T.I. 2004-0108721I7 F- Don d'une licence Income Tax Act- Section 118.1- Subsection 118.1(1)- Total Charitable Gifts gift of a non-exclusive software licence was a gift of property Income Tax Act- Section 248- Subsection 248(1)- Property excepting WIP, definition of property is no broader than term’s ordinary meaning ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2022-11-09 18 May 2022 Internal T.I. 2018-0788761I7 F- Amortissement – Travaux sur un bien loué et F&T Income Tax Regulations- Regulation 1102- Subsection 1102(5)- Paragraph 1102(5)(a)- Subparagraph 1102(5)(a)(iii) rendering of an empty shell suitable for manufacturing constituted substantially changing its nature Income Tax Regulations- Schedules- Schedule II- Class 8- Paragraph 8(b) property does not satisfy the “solely” test in Class 8(b) where it was necessary for the proper functioning of the building Income Tax Act- Section 13- Subsection 13(21)- Undepreciated Capital Cost- A cost of installing property part of that property’s cost Income Tax Regulations- Regulation 1102- Subsection 1102(4) to be improvements or alterations to leasehold interest, property acquisitions must be assimilated to landlord’s property General Concepts- Ownership leasehold improvements are assimilated to the landlord’s property unless the lease specifies otherwise Income Tax Regulations- Regulation 1102- Subsection 1102(5) building shell was a building or structure/ addition refers to extension of structure 2021 Ruling 2021-0916821R3 F- Continuance corporation from CBCA to Co-operative Income Tax Act- Section 86- Subsection 86(1) application of s. 86 reorganization rule to a continuance from the CBCA to a Co-operatives Act Income Tax Act- Section 248- Subsection 248(1)- Disposition continuance from the CBCA to a Co-operatives Act did not entail disposition of assets, but s. 86 applied at the shareholder level 2004-04-30 28 April 2004 Internal T.I. 2004-0071331I7 F- Régime d'investissement coopératif du Québec Income Tax Act- Section 53- Subsection 53(2)- Paragraph 53(2)(k) listed assistance does not include a deduction from taxable income 2004-04-23 15 April 2004 Internal T.I. 2004-0062451I7 F- Résidence principale Income Tax Act- Section 54- Principal Residence- Paragraph (c) no need to file form for principal residence portion of disposed-of property if it was fully exempted 2004-01-23 14 January 2004 External T.I. 2003-0046131E5 F- Convention de retraite- dépositaire Income Tax Act- Section 207.6- Subsection 207.6(2) employer is deemed custodian under s. 207.6(2) Income Tax Act- Section 248- Subsection 248(1)- Retirement Compensation Arrangement life insurance company can be a custodian 2004-01-16 9 January 2004 External T.I. 2003-0049195 F- Winding Up or a Contractor Subco Income Tax Act- Section 88- Subsection 88(1)- Paragraph 88(1)(e.1) s. 88(1)(e.1) would permit parent to step into shoes of sub re s. 12(1)(a) inclusion and s. 20(1)(m) reserveIdentical to 2003-00491950 9 January 2004 External T.I. 2003-0047341E5 F- Coût indiqué- Biens étrangers Income Tax Act- Section 54- Adjusted Cost Base distribution of shares out of MFT and exchange for new MFT units would reset the ACB/ cost amount 9 January 2004 External T.I. 2003-00491950 F- Winding Up or a Contractor Subco Income Tax Act- Section 9- Timing exclusion of contract holdbacks and unapproved invoices from construction contractor’s income is unaffected on s. 88(1) wind-up and flows through to parent Income Tax Act- Section 20- Subsection 20(1)- Paragraph 20(1)(m) deferred revenue of construction contractor would not be triggered on its s. 88(1) wind-up and parent would be put to claiming any available new s. 20(1)(m) reserve ...

Income Tax Act- Section 40- Subsection 40(3.4) non-application of s. 40(3.4) where taxpayer acquires then immediately disposes of an additional block/ application of formula where it partially dips into existing block 4 November 2003 External T.I. 2003-0042295 F- CONVENTION DE RETRAITE REVENU D'INTERET Also released under document number 2003-00422950. ...

Income Tax Act- Section 6- Subsection 6(16)- Paragraph 6(16)(a) per-kilometre rates published by Finance could be used for reasonableness purposes 16 October 2003 External T.I. 2003-0038315 F- CONVENTION DE RETRAITE Also released under document number 2003-00383150. ...

Income Tax Act- Section 118- Subsection 118(1)- Paragraph 118(1)(b) young child could not claim credit for mother 10 October 2003 External T.I. 2003-0037145 F- CONVENTION DE RETRAITE Also released under document number 2003-00371450. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2023-09-06 10 February 2022 External T.I. 2019-0819651E5 F- Pension from China Treaties- Income Tax Conventions- Article 19 pension from China paid to former civil servant now resident in Canada was not exempted under Art. 18 of the Canada-China Treaty 2003-10-03 30 September 2003 External T.I. 2003-0035725 F- MONTANT RELATIF AUX ETUDES Also released under document number 2003-00357250. ...

The King, 2023 TCC 167 under s. 212(2), Treaties – Income Tax Conventions – Art. 10, s. 245(1) – tax benefit, s. 245(4). ...

I tax 27 February 2002 External T.I. 2001-0109675 F- Période admissible et vacance Income Tax Act- Section 122.3- Subsection 122.3(1) period of employment abroad does not include vacation days that could have been taken abroad, but were not 18 March 2002 External T.I. 2002-0120065 F- Avoir fiscal français- 20(11) Income Tax Act- Section 90- Subsection 90(1) French avoir fiscal did not reduce the dividend from a French company required to be included in the resident individual shareholder’s income Treaties- Income Tax Conventions- Article 10 subsequent refund to Canadian shareholder of French avoir fiscal treated as a dividend payment for dividend withholding purposes 2 May 2002 Internal T.I. 2002-0122607 F- BIENS A USAGE PERSONNEL Income Tax Regulations- Regulation 1102- Regulation 1102(2) effective severance for ITA purposes of land and building by Reg. 1102(2) does not apply to personal-use property Income Tax Act- Section 248- Subsection 248(1)- Property where Reg. 1102(2) does not apply, land and building are a single property generating a single gain ...