Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2002-01-04 21 January 2002 External T.I. 2001-0078735 F - Droit de recevoir une somme Income Tax Act - Section 85 - Subsection 85(1) - Paragraph 85(1)(f) s. 85(1)(f) applicable to contingent right to receive deferred cash sales proceeds to the extent the share consideration received under s. 85(1) declined in value
21 January 2002 External T.I. 2001-0080325 F - FRAIS DE VOYAGE-BIENS LOCATIFS Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) notwithstanding s. 18(1)(h) jurisprudence, CCRA allows travel expenses incurred for collecting rent, supervising repair work or managing the multiple rental properties
9 January 2002 External T.I. 2001-0089655 F - AVANTAGE AUTOMOBILE Income Tax Act - Section 6 - Subsection 6(2) being on-call at home does not diminish the personal benefit from use
Income Tax Act - Section 248 - Subsection 248(1) - Automobile - Paragraph (e) - Subparagraph (e)(i) 6-seat pickup not excluded from 90% test
10 January 2002 External T.I. 2001-0090325 F - UTILISATION DES VEHICULES Income Tax Act - Section 6 - Subsection 6(2) commuting in connection with employer requirement to keep vehicle overnight at home was personal use – but not emergency use
18 January 2002 External T.I. 2001-0092665 F - AUTOMOBILE-VEHICULE PUBLICITAIRE Income Tax Act - Section 248 - Subsection 248(1) - Automobile automobile status turns on design, not use (here, only for advertising)
Income Tax Act - Section 248 - Subsection 248(1) - Automobile - Paragraph (e) - Subparagraph (e)(i) vehicle cosmetically altered for advertising purposes is not thereby used to transport goods or equipment
8 January 2002 External T.I. 2001-0094485 F - EMPLOI SUR UN CHANTIER PARTICULIER Income Tax Act - Section 6 - Subsection 6(6) - Paragraph 6(6)(a) s. 6(6) applicable to a non-citizen
2 January 2002 External T.I. 2001-0094555 F - Subsidies and Assistance Payments Income Tax Act - Section 13 - Subsection 13(7.1) government assistance to subsidize the interest costs on a loan applied for expansion purposes did not reduce UCC under s. 13(7.1)
2001-12-21 9 January 2002 External T.I. 2001-0075825 F - CII-LIQUIDATION Income Tax Act - Section 88 - Subsection 88(1) - Paragraph 88(1)(e.2) parent has an s. 12(1)(t) inclusion in its year beginning after the winding-up if the sub claimed winding-up year ITCs respecting depreciable property which it sold before wind-up
Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(t) application of s. 12(1)(t) to parent in the year following the s. 88(1) wind-up of sub
19 December 2001 External T.I. 2001-0077175 F - FRAIS ENCOURUS POUR UNE INVENTION Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Start-Up and Liquidation Costs business may have commenced with incurring costs to obtain a temporary patent
Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(cc) costs of patent agent, provisional patent application and consulting lawyers deductible under s. 20(1)(cc)
8 January 2002 External T.I. 2001-0084115 F - SOMMES RECUES D'UN SYNDICAT Income Tax Act - Section 3 - Paragraph 3(a) amounts received from union by members for making a referral of a non-employee leading to certification application, are not from a source
7 January 2002 External T.I. 2001-0089585 F - AUTOMOBILE DETENUE EN COPROPRIETE Income Tax Act - Section 6 - Subsection 6(2) standby based on corporation’s cost where it purchases a co-ownership interest in the automobile
Income Tax Act - Section 6 - Subsection 6(1) - Paragraph 6(1)(k) no s. 6(1)(k) benefit where timely expense reimbursement by employee
21 December 2001 External T.I. 2001-0091615 F - PART-SOCIETE DE PERSONNES AGRICOLE Income Tax Act - Section 110.6 - Subsection 110.6(1) - Qualified Farm or Fishing Property - Paragraph (a) farm acquired by a family partnership from a farmer was not held by it for 24 months so that interests in the partnership did not qualify as qualified farm property
3 January 2002 External T.I. 2001-0109425 F - REER TITE D'UNE SOCIETE EN FAILLITE Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(b) share of now-bankrupt corporation can continue to be held by RRSP
Income Tax Regulations - Regulation 4900 - Subsection 4900(14) Reg. 4900(12) share continues as qualified investment following bankruptcy
2001-12-07 7 November 2001 External T.I. 2001-0092105 F - Traitement fiscal - dommages-intérêts Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) damages that include an award of interest for the delay in paying the disputed amount constitutes interest income, even if paid out of after-tax income
19 November 2001 External T.I. 2001-0096455 F - Bien agricole admissible Income Tax Act - Section 70 - Subsection 70(10) - Child application of extended definition of “child” to qualified farm property determination
19 November 2001 External T.I. 2001-0098455 F - Employés à l'étranger - production de T4 Income Tax Regulations - Regulation 200 - Subsection 200(1) any payer of salaries must prepare T4s even if not the employer and employees are non-resident
30 November 2001 External T.I. 2001-0100125 F - Traitement fiscal fiducies-sûreté Income Tax Act - Section 248 - Subsection 248(1) - Disposition - Paragraph (j) exclusions from a disposition under para. (c) on a transfer to a trust do not extend to para. (j) exclusion
Income Tax Act - Section 212 - Subsection 212(1) - Paragraph 212(1)(c) a disposition on the transfer of Canada bonds by a non-resident to a security trust signified that interest distributions by the trust were subject to withholding under s. 212(1)(c)
6 December 2001 External T.I. 2001-0101505 F - Impôt des non-résidents sur Unités de Fiducie Income Tax Act - Section 227 - Subsection 227(6) overview of procedure for applying for refund of over-withholding
17 December 2001 External T.I. 2001-0101675 F - T5008 NON-RESIDENT Income Tax Regulations - Regulation 230 - Subsection 230(6) requirement to prepare Reg. 230(6) return may apply to a non-resident
10 December 2001 External T.I. 2001-0109195 F - Test d'objet à 55(2) Income Tax Act - Section 55 - Subsection 55(3) - Paragraph 55(3)(a) s. 55(3)(a) applicable to creditor-proofing transactions
11 December 2001 Internal T.I. 2001-0109357 F - DEBENTURES CONVERTIBLES Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(f) no s. 20(1)(f) deduction for the FMV of shares issued on debenture conversion since conversion price is equal to the face value of debenture
18 December 2001 External T.I. 2001-0110315 F - ACTIONS SEPE PLACEMENTS ADMISSIBLES Income Tax Regulations - Regulation 4901 - Subsection 4901(2) - Connected Shareholder overview of connected person and exempt person definitions
18 December 2001 External T.I. 2001-0114435 F - Capacité de gain - Earn Out Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(g) it must be possible to compute all the payments within the 5-year period
19 December 2001 External T.I. 2001-0115095 F - DISPOSITION D'UNE ASSURANCE-VIE Income Tax Act - Section 148 - Subsection 148(1) application to maturity (other than on death) of pre-1982 policy
2001-11-23 6 November 2001 External T.I. 2000-0029615 F - revenu protégé en main Income Tax Act - Section 55 - Subsection 55(2.1) - Paragraph 55(2.1)(c) safe income shortly before a stub year end reduced by s. 111(5.1) write-down at the end of that stub year
15 November 2001 External T.I. 2001-0088285 F - deferral of gain on involuntary dispositions Income Tax Act - Section 44 - Subsection 44(1) s. 44(1) rollover might be saved where the insurance proceeds for the 1st replaced building are not deemed as received until after receipt of insurance proceeds for the 2nd replaced building
21 November 2001 Internal T.I. 2001-0094527 F - PERTE REPUTEE NULLE-BRYAN Income Tax Act - Section 40 - Subsection 40(2) - Paragraph 40(2)(g) - Subparagraph 40(2)(g)(ii) Byram now followed re loss on non-interest-bearing shareholder loan to corporation
Income Tax Act - Section 50 - Subsection 50(1) - Paragraph 50(1)(a) no partial bad debt recognition under s. 50(1)(a)
Income Tax Act - Section 248 - Subsection 248(27) s. 248(27) does not permit partial debt write-off under s. 50(1)(a)
Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(c) - Subparagraph 39(1)(c)(ii) settlement of corporate debt under a bankruptcy proposal did not entail disposition of the debt to the corporation
Income Tax Act - Section 251 - Subsection 251(2) - Paragraph 251(2)(b) - Subparagraph 251(2)(b)(i) shareholder continued to control “his” corporation while it was being administered by a bankruptcy trustee pending approval of a proposal
Income Tax Act - Section 116 - Subsection 116(5) settlement under bankruptcy proposal of debt did not entail a disposition of that debt to the corporation
16 November 2001 Internal T.I. 2001-0095617 F - ACCORD ECRIT RETROACTIF GARDE D'ENFANTS Income Tax Act - Section 118 - Subsection 118(5) subsequent letter was not an agreement eliminating a support obligation in respect of one of the two children

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