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Bundle Date Translated severed letter Summaries under Summary descriptor 2005-05-20 25 April 2005 Internal T.I. 2004-0108301I7 F- Coût d'une automobile Income Tax Act- Section 6- Subsection 6(2)- Element C cost of automobile acquired pursuant to exercise of bargain purchase option increased under s. 49(3) by portion of each preceding lease payment treated as an option premium Income Tax Act- Section 49- Subsection 49(3) each car lease payment contained an embedded premium referable to the bargain purchase option, which was added under s. 49(3) 2005-05-13 18 April 2005 External T.I. 2004-0093821E5 F- Fiducie créée par testament Income Tax Act- Section 70- Subsection 70(6)- Paragraph 70(6)(b) spouse electing not to receive income, so that it is added to corpus, does not taint spouse trust status Income Tax Act- 101-110- Section 108- Subsection 108(1)- Testamentary Trust- Paragraph (c)- Subparagraph (c)(i) beneficiary electing not to receive income before it becomes payable does not taint the trust (cf. renouncing income already payable) 13 April 2005 Internal T.I. 2004-0109071I7 F- Partie XIII et revenus locatifs Income Tax Act- Section 216- Subsection 216(4) services provided by property manager to tenant were sufficiently limited to permit making the s. 216(4) election Income Tax Act- Section 215- Subsection 215(3) property manager required to withhold on the gross rents collected absent a s. 216(4) election 18 April 2005 External T.I. 2004-0096231E5 F- Déduction de l'impôt payable- emploi à l'étranger Income Tax Act- Section 122.3- Subsection 122.3(1)- Paragraph 122.3(1)(a) severance allowance not employment income until year of receipt 3 May 2005 Internal T.I. 2005-0120021I7 F- Pension de retraite provenant de la France Treaties- Income Tax Conventions- Article 18 pension exemption under French Treaty continues to apply in the hands of surviving spouse 4 May 2005 External T.I. 2005-0120271E5 F- Change of Control- CDA & RDTOH Income Tax Act- Section 256- Subsection 256(7)- Paragraph 256(7)(a)- Subparagraph 256(7)(a)(i)- Clause 256(7)(a)(i)(A) s. 256(7)(a)(i)(A) applied where taxpayer acquired shares of CCPC from his sister 22 March 2005 External T.I. 2004-0098591E5 F- Application de l'alinéa 212(9)d) proposé Income Tax Act- Section 212- Subsection 212(9)- Paragraph 212(9)(d) extension to provincial regulatory authority under review 11 April 2005 External T.I. 2004-0091721E5 F- Usufruit d'un bien immeuble situé en France Income Tax Act- Section 248- Subsection 248(3)- Paragraph 248(3)(a) usufructuary of rental property received the rental income under s. 108(5)(a) as deemed trust income beneficiary ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2005-02-18 16 February 2005 External T.I. 2004-0097161E5 F- Fin d'exercice d'une société de personnes Income Tax Act- Section 249.1- Subsection 249.1(4)- Paragraph 249.1(4)(b) requirement that there not be a multi-tier partnership must be satisfied each fiscal period 8 February 2005 Internal T.I. 2004-0099681I7 F- Remboursement de frais de déménagement Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(a) reimbursement of reasonable living expenses incurred until the employee permanently occupies new home in employer’s area is not a benefit 16 February 2005 Internal T.I. 2004-0105401I7 F- Frais de publicité Income Tax Act- Section 18- Subsection 18(1)- Paragraph 18(1)(a)- Income-Producing Purpose costs of commenting on an issue unrelated to the business were non-deductible 17 September 1998 External T.I. 98222950 F- Régime d'accession à la propriété- habitation admissible Income Tax Act- Section 146.01- Subsection 146.01(1)- Qualifying Home qualifying home can be part of a larger commercial buildingAlso referred to as 9822295 17 February 2005 External T.I. 2004-0090411E5 F- Bien de remplacement-dispos. involontaire Income Tax Act- Section 44- Subsection 44(5)- Paragraph 44(5)(a.1) replacement property potentially can be held through a partnership if the partnership property is physically similar Income Tax Act- Section 13- Subsection 13(4) rollover not available where building replaced by interest in partnership carrying on a similar business because the partnership interest is not depreciable property 2005-02-11 2 February 2005 External T.I. 2004-0104671E5 F- Convention de retraite- Fonds mis de côté Income Tax Act- Section 248- Subsection 248(1)- Salary Deferral Arrangement amounts agreed to be paid post-retirement do not create an SDA if they are not reasonably regarded as deferred salary Income Tax Act- Section 248- Subsection 248(1)- Retirement Compensation Arrangement no requirement that payment to the other be in trust 3 February 2005 External T.I. 2005-0111871E5 F- Intérêts / mise à part de l'argent Income Tax Act- Section 20- Subsection 20(1)- Paragraph 20(1)(c)- Subparagraph 20(1)(c)(i) cash damming to pay current deductible business expenses is an eligible use which continues with the business 3 February 2005 External T.I. 2005-0112141E5 F- Safe income Income Tax Act- Section 55- Subsection 55(2.1)- Paragraph 55(2.1)(c) safe income prorated on a partial crystallization of an accrued gain ...

After noting that, like Art. 9 of the OECD Model Convention, such legislation focused on the “two” enterprises to the transaction, rather than third parties, the Tribunal stated: [T]he main concern of an independent lender of $4 billion to a company like LLC5 would be the risks around the fact that the borrower in the position of LLC5 had no control over the dividend flow to it and so its ability to repay the loan. ...

Bundle Date Translated severed letter Summaries under Summary descriptor 2004-03-12 4 March 2004 External T.I. 2003-0049831E5 F- Allocation pour l'achat d'ordinateur Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(a) reimbursement of internet and modem charges not taxable where internet access is essential to performing employment duties Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(b) monthly home computer allowance was taxable 5 March 2004 External T.I. 2004-0060831E5 F- Congé à traitement différé Income Tax Act- Section 6- Subsection 6(1)- Paragraph 6(1)(i) no SDA impact if, after taking leave, an employee responds to early retirement incentives 2004-03-05 10 February 2004 Income Tax Severed Letter 2003-0052621A11 F- Régime de pension étranger Treaties- Income Tax Conventions- Article 18 French social security payments based on years of service in self-employment were not exempted a having been “paid in respect of past employment” 1 March 2004 External T.I. 2003-0017861E5 F- Bien agricole admissible Income Tax Act- 101-110- Section 110.6- Subsection 110.6(1)- Qualified Farm or Fishing Property- Paragraph (a)- Subparagraph (a)(iii) farm satisfied the qualified farm property definition on the death of an individual who, with his father, had used it in farming Income Tax Act- Section 159- Subsection 159(5) general overview/ election unavailable where s. 70(9) applies 1 March 2004 External T.I. 2003-0060381E5 F- Police d'assurance exonérée Income Tax Act- Section 148- Subsection 148(9)- Proceeds of the Disposition proceeds must be recognized on termination of policy irrespective of whether an exempt policy 2 March 2004 External T.I. 2003-0042631E5 F- Déductibilité de dépenses Income Tax Act- Section 18- Subsection 18(1)- Paragraph 18(1)(a)- Income-Producing Purpose life interest in condo to surviving spouse precluded deductibility of condo expenses 1 March 2004 External T.I. 2004-0059151E5 F- Déduction des intérêts Income Tax Act- Section 20- Subsection 20(1)- Paragraph 20(1)(c)- Subparagraph 20(1)(c)(i) interest generally deductible on money borrowed to acquire preferred shares with a dividend entitlement 26 February 2004 External T.I. 2003-0045471E5 F- Prêt à un actionnaire Income Tax Act- Section 15- Subsection 15(2.4)- Paragraph 15(2.4)(e) housing loan not excluded if comparable employees would not have received it Income Tax Act- Section 15- Subsection 15(1.21) inclusion of home-acquisition loan under s. 15(2) precluded a further inclusion under s. 15(1.21) Income Tax Act- Section 18- Subsection 18(1)- Paragraph 18(1)(a)- Incurring of Expense forgiven amount not deductible in computing income ...

Income Tax Act- Section 86.1- Subsection 86.1(2)- Paragraph 86.1(2)(b) distribution did not qualify because distributed shares were not pre-owned by Mexican distributor Income Tax Act- Section 52- Subsection 52(2) distributed shares had ACB equal to the s. 90 inclusion of their FMV 28 November 2003 External T.I. 2003-0046025 F- CONVENTION DE RETRAITE DEDUCTIONS Also released under document number 2003-00460250. ...

Treaties- Income Tax Conventions- Article 18 Belgian National Pensions Office was a Belgian government instrumentality for purposes of the former Art. 18(2) exemption 2003-11-28 19 November 2003 Internal T.I. 2003-0047687 F- Interest Calculation T/P Adjustment RQST Also released under document number 2003-00476870. ...

Treaties- Income Tax Conventions- Article 18 degree of exemption for social security pension payments from Germany, Belgium or France 2 October 2003 External T.I. 2003-0033415 F- FRAIS D'ACCES INTERNET Also released under document number 2003-00334150. ...

Income Tax Act- Section 74.1- Subsection 74.1(2) s. 74.1(2) applies irrespective of child’s physical or mental condition 15 September 2003 External T.I. 2003-0033405 F- CONVENTION DE RETRAITE INTERETS COURUS Also released under document number 2003-00334050. ...

Summary of 17 May 2023 IFA Roundtable, Q.6 under Treaties – Income Tax Conventions – Art. 4. ...

Treaties- Income Tax Conventions- Article 15 exemption in Art. 15 of US Treaty unavailable where Canadian employee seconded to US affiliate, which reimburses for his payroll 24 March 2003 Internal T.I. 2002-0177587 F- XXXXXXXXXX EN CONSIGNATION PERTE Also released under document number 2002-01775870. ...