Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
2001-09-14 18 September 2001 External T.I. 2001-0100485 F - PARTAGE D'ACTION DETENUE EN INDIVISION Income Tax Act - Section 248 - Subsection 248(21) no need to issue fractional share certificates on partition of shares held in co-ownership for s. 248(21) to apply/ no disposition on subsequent global certificate issuance
Income Tax Act - Section 248 - Subsection 248(20) s. 248(20) produced the same results as s. 248(21)
2001-08-17 11 July 2001 External T.I. 2001-0078365 F - APPLICATION DE 75(2) ET 104(4) Income Tax Act - Section 75 - Subsection 75(2) - Paragraph 75(2)(a) - Subparagraph 75(2)(a)(i) s. 75(2) applies where transferor can receive taxable capital gains distributions
Income Tax Act - Section 104 - Subsection 104(4) - Paragraph 104(4)(a) deemed disposition date for "joint spousal or common-law partner trust" is the later of date of death of settlor and settlor's spouse/ common-law partner, irrespective of being "spousal trust"
10 August 2001 External T.I. 2001-0084945 F - application des para. 73(1.01) et (1.02) Income Tax Act - Section 73 - Subsection 73(1.02) - Paragraph 73(1.02)(b) - Subparagraph 73(1.02)(b)(ii) application of s. s. 73(1.02)(b)(ii) to Quebec trust under review
12 July 2001 Internal T.I. 2001-0089347 F - PRESTATION DE DÉCES Income Tax Act - Section 56 - Subsection 56(1) - Paragraph 56(1)(a.1) QPP death benefit paid directly to an individual was not taxable
2001-07-20 17 April 2001 Internal T.I. 2001-0064567 F - SPCC-PARTHENON Income Tax Act - Section 256 - Subsection 256(6.1) Parthenon followed re intermediate public corp prior to effective date of s. 256(6.1)
2 May 2001 Internal T.I. 2001-0065497 F - COMMANDITAIRE-RS&DE Income Tax Act - Section 96 - Subsection 96(1) - Paragraph 96(1)(g) - Subparagraph 96(1)(g)(ii) limited partner not entitled to deduct loss from LP’s SR&ED expenditures
Income Tax Act - Section 127 - Subsection 127(8) - Paragraph 127(8)(b) limited partner not entitled to ITC re LP’s SR&ED expenditures
29 May 2001 Internal T.I. 2000-0053257 F - COOPERATIVE Income Tax Act - Section 136 - Subsection 136(2) - Paragraph 136(2)(c) non-member individual cannot look through a farming member partnership
Income Tax Act - Section 136 - Subsection 136(2) - Paragraph 136(2)(d) shares need not be fully paid
19 June 2001 Internal T.I. 2000-0062787 F - FRAIS JURIDIQUES-GARANTIE Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Legal and other Professional Fees promissory notes to bank were given to preserve an investment, so that legal fees incurred to avoid paying on the notes were capital expenditures
16 May 2001 Internal T.I. 2001-0065277 F - FRAIS DE DÉPLACEMENT D'UN EMPLOYÉ Income Tax Act - Section 8 - Subsection 8(1) - Paragraph 8(1)(h.1) earning income for the employer is the requisite purpose
Income Tax Act - Section 8 - Subsection 8(10) employee can sign the T2200 form where authorized to sign on employer’ s behalf
4 July 2001 External T.I. 2001-0068885 F - Entreprise Exploitée Activement Income Tax Act - Section 125 - Subsection 125(7) - Active Business Carried On by a Corporation auto-leasing corporation had an active business
6 July 2001 External T.I. 2001-0086775 F - SOCIETE A CAPITAL DE RISQUE Income Tax Act - Section 204.81 - Subsection 204.81(1) - Paragraph 204.81(1)(c) - Subparagraph 204.81(1)(c)(vii) - Clause 204.81(1)(c)(vii)(C) transfer of LSVCC Class A share to the RRSP of transferor’s spouse would not result in recapture of the tax credit
5 July 2001 External T.I. 2001-0089105 F - ECHANGE D"OPTIONS - COUT INDIQUE Income Tax Act - Section 85 - Subsection 85(1) RRSP may make a s. 85(1) election
2001-07-06 14 June 2001 External T.I. 2000-0044935 F - Coût des actions Income Tax Act - Section 54 - Adjusted Cost Base cost to Pubco of CCPC shares acquired by it in exchange for treasury shares equal to the addition to its stated capital account, rather than the Pubco shares’ FMV
28 June 2001 External T.I. 2000-0060465 F - déductibilité - frais d'internet Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(bb) internet costs incurred for investment research purposes were not deductible under s. 20(1)(bb)
Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Know-How and Training internet costs incurred for investment research purposes were capital expenditures
28 June 2001 External T.I. 2000-0061365 F - Frais de déplacement - athlètes Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(h) travel and accommodation expenses satisfying s. 18(1)(h) must also satisfy s. 18(1)(a)
Income Tax Act - Section 3 - Paragraph 3(a) receipts under Athlete Assistance Program are non-taxable
10 May 2001 External T.I. 2001-0066095 F - CREDIT-BAIL Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - A following Shell, CCRA will only recharacterize a lease where the true legal relationship is not of a lease
Income Tax Act - Section 248 - Subsection 248(3) Construction Bérou did not comment on the CCRA’s current position on what is a lease
20 June 2001 External T.I. 2001-0066825 F - REGLES D'ATTRIBUTIONS Income Tax Act - Section 74.1 - Subsection 74.1(1) ss. 74(1) and (2) applied to dividends and taxable capital property received from the spouse before May 23, 1985
5 June 2001 External T.I. 2001-0067675 F - TRANSFERT D'ALLOCATIONS DE RETRAITE Income Tax Act - Section 60 - Paragraph 60(j.1) - Subparagraph 60(j.1)(v) years of service with former employer taken into account even if recognized solely for the purpose of limiting the reduction in the retirement benefit for early retirement
26 June 2001 External T.I. 2001-0068285 F - DATE DE DISPOSITION ACTIONS EN BOURSE Income Tax Act - Section 248 - Subsection 248(1) - Disposition - Paragraph (a) disposition date on a stock exchange is the settlement date, being the due date for the proceeds
28 June 2001 External T.I. 2001-0069865 F - CRÉDIT-BAIL Income Tax Act - Section 248 - Subsection 248(3) Construction Bérou interpretation of s. 248(3) was erroneous
Income Tax Act - Section 13 - Subsection 13(21) - Undepreciated Capital Cost - A Construction Bérou should not be followed in finding that a lessee can be the tax owner of the leased property
22 June 2001 External T.I. 2001-0075275 F - Dommages-intérêts Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(c) damages pursuant to Article 1617 of the CCQ, being damages resulting from delay in the performance of an obligation to pay a legacy, were taxable as interest
3 July 2001 Internal T.I. 2001-0076867 F - frais de garde-inscription Income Tax Act - Section 63 - Subsection 63(3) - Child Care Expense childcare centre annual registration fee is included
22 June 2001 Internal T.I. 2001-0078457 F - Décret remise d'impôt revenu gagné au Québec Income Tax Act - Section 248 - Subsection 248(1) - Taxable Canadian Property - Paragraph (a) gold royalty was neither TCP nor real property
28 June 2001 External T.I. 2001-0078935 F - waiving of dividend Income Tax Act - Section 15 - Subsection 15(1) CCRA will rule on whether s. 245(2) applies to a dividend waiver
14 June 2001 External T.I. 2001-0080085 F - Intérêt payé pour honorer une caution Income Tax Act - Section 20.1 - Subsection 20.1(1) s. 20.1(1) inapplicable where money borrowed to honour guarantee for wholly-owned insolvent corporation
14 June 2001 External T.I. 2001-0081885 F - Congé à traitement différé Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(a)(i) a sabbatical leave, following a deferral period, can be taken before the date initially scheduled
29 May 2001 External T.I. 2001-0082675 F - CONGE A TRAITEMENT DIFFERE ET RETRAITE Income Tax Regulations - Regulation 6801 - Paragraph 6801(a) - Subparagraph 6801(a)(v) employee may withdraw from the plan in special circumstances stipulated in the plan such as lay-off
7 June 2001 External T.I. 2001-0086165 F - REGLES DE ROULEMENT ET REER Income Tax Act - Section 85 - Subsection 85(1) ss. 85, 85.1, 86 and 87 apply to RRSPs and RRIFs
Income Tax Act - Section 87 - Subsection 87(4) s. 87(4) applies to RRSPs
Income Tax Act - Section 248 - Subsection 248(1) - Taxpayer RRSP is a taxpayer
20 June 2001 External T.I. 2001-0086505 F - RPEB - MONTANTS PERDUS Income Tax Act - Section 144 - Subsection 144(9) s.144(9) inapplicable until employee ceases to be a beneficiary

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