Translations of recent severed letters

Bundle Date Translated severed letter Summaries under Summary descriptor
1999-12-24 4 November 1999 External T.I. 9920555 F - ATTRIBUTION REGLES Income Tax Act - Section 73 - Subsection 73(1) s. 73(1) rollover does not reduce the ACB of the note given by the transferee spouse for the full FMV of the transferred property
15 November 1999 External T.I. 9921275 F - GROUPE DE CONTRÔLE Income Tax Act - Section 251.2 - Subsection 251.2(2) - Paragraph 251.2(2)(a) unclear whether an acquisition of control where two of the three shareholders of Opco dispose of a portion of their shares to a purchaser
8 November 1999 External T.I. 9921935 F - SOCIÉTÉS EXONÉRÉES D'IMPÔT Income Tax Act - Section 149 - Subsection 149(1) - Paragraph 149(1)(d.3) (d.3) exemption applies for any combination within the 90% shareholding of (d.2) and (d) corps
4 November 1999 External T.I. 9921945 F - TRAVAIL DAN LA MAISON Income Tax Act - Section 18 - Subsection 18(12) s. 18(12) applies where a partnership of individuals carries on a bed and breakfast business and they live in a portion of the building
17 November 1999 External T.I. 9922485 F - RPAMS Income Tax Act - Section 248 - Subsection 248(1) - Private Health Services Plan health spending account carryforward provisions were too generous for it to qualify as a PHSP
7 December 1999 External T.I. 9924335 F - ACTIVITÉS DE FABRICATION ET TRANSFORMATION Income Tax Act - Section 125.1 - Subsection 125.1(3) - Canadian Manufacturing and Processing Profits each associated corporation in the production chain could treat its transformative activities for sale to the next entity as qualifying/ Crown Tire generally preferred to Stowe-Woodward
Income Tax Regulations - Regulation 5202 - Cost of Labour work normally done by contractors cannot qualify as cost of labour
9 November 1999 External T.I. 9926315 F - SENS DE "ADOPTION DE FAIT" Income Tax Act - Section 251 - Subsection 251(6) - Paragraph 251(6)(c) meaning of “adopted … in fact”
24 November 1999 External T.I. 9926555 F - DEDUCTION DES INTERETS Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) - Subparagraph 20(1)(c)(i) confirmation of IT-315, para. 2 re leveraged purchase and amalgamation
29 October 1999 External T.I. 9927185 F - REÉÉ - RÔLE DU TUTEUR Income Tax Act - Section 146.1 - Subsection 146.1(1) - Subscriber - Paragraph (a) Quebec tutor may be a subscriber
Income Tax Act - Section 146.1 - Subsection 146.1(1) - Education Savings Plan - Paragraph (a) - Subparagraph (a)(i) tutor is not a trustee, and may enter into plan contract
1 December 1999 External T.I. 9927575 F - RENONCIATION A UN DIVIDENDE Income Tax Act - Section 80 - Subsection 80(1) - Commercial Debt Obligation dividend waiver does not entail forgiveness of a commercial debt obligation
28 October 1999 External T.I. 9927855 F - PROJET LOTERIE-PAS RULING General Concepts - Audit, Filing and Assessment Procedure ruling request cannot include alternative courses of action
9 November 1999 External T.I. 9927865 F - OPTION D'ACHAT D'ACTIONS Income Tax Act - Section 7 - Subsection 7(1) - Paragraph 7(1)(a) overview
29 November 1999 External T.I. 9928805 F - BONI VERSE D'UN REER OUR UN FEER Income Tax Act - Section 146 - Subsection 146(8) bonus on stock-market linked debt would not be a benefit to the annuitant
Income Tax Act - Section 146 - Subsection 146(1) - Premium bonus on stock-market linked debt would not be a premium
Income Tax Act - Section 146.3 - Subsection 146.3(3) - Paragraph 146.3(3)(b) bonus on stock-market linked debt would not be a gift

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