CRA Interpretations

List Of CRA Interpretations

IC70-6R8 Advance Income Tax Rulings and Technical Interpretations

Advance Income Tax Rulings and Technical Interpretations Application 1. The Income Tax Rulings Directorate (Directorate) is the Canada Revenue Agency’s (CRA’s) authority for the interpretation of the Income Tax Act (Act), the Income Tax Regulations and all related statutes. The Directorate provides income tax technical interpretations (Technical Interpretations) and advance income tax rulings (Rulings). In addition, as part of its

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IC71-14R3 The Tax Audit

The Tax Audit IC 71-14R3t This circular cancels and replaces Information Circular No. 71-14R2 dated February 5, 1979. 1. This circular describes the role, the policies and practices of the tax audit – the examination of taxpayers’ books and records to determine accurately the taxes, interest and penalties payable under the law. 2. While there

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IC71-17R5 Guidance on Competent Authority Assistance Under Canada’s Tax Conventions

Guidance on Competent Authority Assistance Under Canada’s Tax Conventions NO.: 71-17R5 SUBJECT: Guidance on Competent Authority Assistance Under Canada’s Tax Conventions This circular replaces and cancels Information Circular 71-17R4 dated May 12, 1995. It has been revised, and expanded to include guidance for certain types of competent authority requests. Introduction 1. The Canada Revenue Agency (CRA) provides competent authority assistance pursuant

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IC71-9R Unclaimed Dividends

Unclaimed Dividends IC 71-9R This circular cancels and replaces Information Circular 71-9. 1. Every broker and dealer in securities is required by Subsection 153(4) of the Income Tax Act and Part I of the Income Tax Regulations to remit to the Receiver General for Canada, within 60 days from the end of each taxation year,

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IC72-13R8 Employees’ Pension Plans

Employees’ Pension Plans NO.: 72-13R8 Subject: EMPLOYEES’ PENSION PLANS 1. This circular replaces and cancels Information Circular 72-13R7 dated December 31, 1981. Current revisions are designated by vertical lines. 2. The purpose of this circular is to incorporate changes made to the administrative rules for the registration of pension plans since the publication of IC72-13R7.

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IC72-17R6 Procedures Concerning the Disposition of Taxable Canadian Property by Non-Residents of Canada – Section 116

No. : IC72-17R6 Subject : Procedures concerning the disposition of taxable Canadian property by non‑residents of Canada – Section 116 This circular cancels and replaces Information Circular 72‑17R5, dated March 15,2005. Unless otherwise stated all references to a statute herein are to the Income Tax Act (the “Act”). General Information 1. Under section 116, non‑resident vendors (from now

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IC72-22R9 Registered Retirement Savings Plans

Registered Retirement Savings Plans IC 72-22R9 This circular cancels and replaces Information Circular 72-22R8 dated March 18, 1991. 1. This circular interprets certain provisions of the Income Tax Act (the Act) that apply to registered retirement savings plans (RRSPs) and outlines the Department’s rules for companies that issue RRSPs. Additional information is available in the

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IC72-5R2 Registered Supplementary Unemployment Benefit Plans

Registered Supplementary Unemployment Benefit Plans NO.: 72-5R2 Application This circular cancels and replaces Information Circular 72-5R, Registration of Supplementary Unemployment Benefit Plans, dated July 8, 1974. General ¶ 1. This circular informs employers, trustees, benefit consultants, and other interested parties about the provisions of the Income Tax Act (the Act) and the Canada Customs and Revenue Agency’s (CCRA) administrative rules

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IC73-13 Investment Clubs

Investment Clubs NO.: IC73-13 DATE: May 16, 1973 SUBJECT: Investment Clubs 1. This Circular applies to the ordinary investment club, whether in existence at December 31, 1971 or formed thereafter, where each member owns an undivided interest in each security or other asset held by the club. It has no application to clubs that are partnerships, trusts or

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IC73-21R9 Claims for Meals and Lodging Expenses of Transport Employees

Claims for Meals and Lodging Expenses of Transport Employees NO.: IC73-21R9 DATE: October 2006 SUBJECT: Claims for Meals and Lodging Expenses of Transport Employees Paragraphs 8(1)(e), 8(1)(g), 8(1)(h), Subsections 8(4), 8(10) and Section 67.1 of the Income Tax Act This circular cancels and replaces Information Circular 73-21R8, dated October 23, 2003. 1. The purpose of this Circular is to

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IC75-23 Tuition Fees and Charitable Donations Paid to Privately Supported Secular and Religious Schools

Tuition Fees and Charitable Donations Paid to Privately Supported Secular and Religious Schools NO.: IC75-23 DATE : September 29, 1975 SUBJECT: Tuition Fees and Charitable Donations Paid to Privately Supported Secular and Religious Schools 1. Tuition fees paid to an educational institution in Canada are deductible by the student in accordance with subsection 60(f) of the Income

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IC75-6R2 Required Withholding from Amounts Paid to Non-Residents Providing Services in Canada

NO.: IC75-6R2 DATE: February 23, 2005 SUBJECT: Required Withholding from Amounts Paid to Non-Residents Providing Services in Canada Application This information circular cancels and replaces Information Circular 75-6R, Required Withholding From Amounts Paid To Non-residents Performing Services In Canada, dated January 15, 1988. Exclusion of film industry This information circular does not address legislative provisions, policies, or

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IC75-7R3 Reassessment of a Return of Income

Reassessment of a Return of Income IC75-7R3 July 9, 1984 This circular cancels and replaces Information Circular 75-7R2 dated September 21, 1981. 1. Prior to April 20, 1983, the Department may reassess a return of income or make additional assessments, or assess tax, interest or penalties within four years from the day of mailing of

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IC76-19R3 Transfer of Property to a Corporation Under Section 85

Transfer of Property to a Corporation Under Section 85 NO.: IC 76-19R3 DATE : June 17, 1996 SUBJECT: Transfer of Property to a Corporation Under Section 85 This Circular cancels and replaces Information Circular 76-19R2 dated June 15, 1990. It provides information and guidance to help you make elections under subsections 85(1) and (2) of the Income

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IC77-16R4 Non-Resident Income Tax

Non-Resident Income Tax IC SUBJECT: NON-RESIDENT INCOME TAX No: 77-16R4 DATE: May 11, 1992 This circular cancels and replaces Information Circular 77-16R3 dated February 19, 1988. Changes are indicated by vertical lines. The comments that follow are based on the applicable provisions of the Income Tax Act, Income Tax Regulations, the Income Tax Application Rules,

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IC77-1R5 Deferred Profit Sharing Plans

Deferred Profit Sharing Plans This version is only available electronically. Application This circular cancels and replaces Information Circular 77-1R4, Deferred Profit Sharing Plans, dated December 30, 1992. General 1. This circular explains the provisions of the Income Tax Act (the Act) and the Canada Revenue Agency’s (CRA) administrative rules that apply when registering a deferred profit sharing plan

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IC77-6R Registered Charities: Designation as Associated Charities

Income Tax Information Circular No : IC77-6R Date : December 30, 2011 Subject : Designation as Associated Charities This circular cancels and replaces Information Circular 77‑6, dated April 18, 1977. 1. Subsection 149.1(6) of the Income Tax Act allows a charitable organization to disburse any amount of its income to associated charities. Associated charities can pass funds among themselves without being subject to

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