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Canada is currently the Chair of Working Party 6, which is responsible for maintaining and updating the OECD Model Tax Convention (MTC), so we will focus our update on that CFA sub-body. ...

Included in the draft legislation is a proposed amendment to section 4.3 of the Income Tax Conventions Interpretation Act, applicable after March 4, 2010. ...

En préparant son premier jeu d'états financiers IFRS, l'entité doit utiliser des conventions comptables conformes aux IFRS en vigueur à la fin de la première période annuelle où elle applique ces normes. ...

A taxable capital gain from the disposition of Canadian real property would not be treaty-protected property (since all of Canada's treaties, including the income tax convention with the United States protect Canada's right to tax the gain on the disposition of Canadian real property). ...

Michel Lambert 957-8962 Le 11 octobre 2002 2002-015670 ROUND-TABLE ON FEDERAL TAXATION APFF- 2002 CONVENTION Question 3 Disbursement quota (a) When property is received by a charitable foundation as a gift subject to a direction to the effect that the property given, or property substituted therefor, is to be held by the foundation for a period of not less than 10 years, will the loss in value of the property occurring during the period of direction be considered as an amount spent for the purposes of paragraph (a) of item A.1 of the definition of disbursement quota in subsection 149.1(1) I.T.A.? ...

Michel Lambert 957-8962 Le 11 octobre 2002 2002-015682 ROUND-TABLE ON FEDERAL TAXATION APFF- 2002 CONVENTION Question 12 Tax credit for Quebec motion picture production Section 1029.8.35 of the Taxation Act allows a tax credit for Quebec motion pictures. ...

Adèle St-Amour 998-0290 Le 11 octobre 2002 2002-015689 ROUND-TABLE ON FEDERAL TAXATION APFF- 2002 CONVENTION Question 19 Loan for buyback of shares and payment of dividends We have been informed that the federal Department of Justice and the CCRA are currently studying the case law and the position pertaining to the deductibility of interest in the context of a loan to buy back shares and pay dividends (Trans-Prairie, Ludco, Singleton, Penn Ventilator, etc.). ...

Nancy Deslandes 957-8961 Le 11 octobre 2002 2002-015708 ROUND-TABLE ON FEDERAL TAXATION APFF- 2002 CONVENTION Question 38 Medical expenses and dependant children Mr. ...

Par exemple, une décision favorable à l’égard de la déduction pour gains en capital en vertu du paragraphe 110.6(2.1) L.I.R. pourrait être émise sous réserve que l’exception prévue à l’alinéa 110.6(14)b) L.I.R. s’applique à un droit visé par l’alinéa 251(5)b) L.I.R. prévu dans une convention d’achat-vente. c) La DDI peut également accompagner les décisions anticipées rendues, de commentaires ou de mises en garde pour informer tout lecteur du document de la position de la DDI à l’égard, entre autres, des conséquences fiscales découlant des faits, des opérations projetées, des décisions rendues ou de dispositions de la Loi faisant ou non l’objet des décisions anticipées rendues. ...

The CRA in support of these OECD recommendations, and to the extent permitted by domestic law, adopted a policy to allow large corporations to provide acceptable security, in lieu of payment, when the Canadian based MNE sought the assistance of the Competent Authority for potential double taxation or taxation not in accordance to the Convention. ...