CRA Interpretations

List Of CRA Interpretations

IC78-10R5 Books and Records Retention/Destruction

Income Tax Information Circular NO.: IC78-10R5 DATE: June 2010 SUBJECT: Books and Records Retention/Destruction This circular cancels and replaces Information Circular 78-10R4 dated June 2005. Introduction 1. This circular gives information and guidance to persons who are required by law to keep books and records according to sections 230 and 230.1 of the Income Tax Act, section 87 of the Employment

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IC78-14R4 Guidelines for trust companies and other persons responsible for filing T3GR, T3D, T3P, T3S, T3RI, and T3F returns

Guidelines for trust companies and other persons responsible for filing T3GR, T3D, T3P, T3S, T3RI, and T3F returns NO.: 78-14R4 DATE: July 1, 2006 SUBJECT: Guidelines for trust companies and other persons responsible for filing T3GR, T3D, T3P, T3S, T3RI, and T3F returns Application This circular cancels and replaces Information Circular 78-14R3 dated April 2, 2001. General information

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IC78-18R6 Registered Retirement Income Funds

Registered Retirement Income Funds IC 78-18R6 March 6, 2002 This circular cancels and replaces Information Circular 78-18R5 dated June 17, 1996. Introduction 1. If you are the carrier of a retirement income fund (RIF), this circular will help you administer the fund. It explains certain provisions of the Income Tax Act (the Act) and outlines the registration requirements of the

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IC78-4R3 Investment Tax Credit Rates

Investment Tax Credit Rates IC INVESTMENT TAX CREDIT RATES 78-4R3 November 14, 1986 This circular cancels and replaces Information Circular 78-4R2 dated February 11, 1983. 1. The circular is intended to inform taxpayers of the Investment Tax Credit rates applicable to certain localities. The information contained in this circular does not include the changes proposed

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IC78-5R3 Communal Organizations

Income Tax Information Circulars INFORMATION CIRCULAR (REVISED AND PAGED) SUBJECT: COMMUNAL ORGANIZATIONS NO.: IC78-5R3 DATE: SEPTEMBER 11, 1998 This circular cancels and replaces Information Circular 78-5R2 dated October 2, 1987. INTRODUCTION The purpose of this publication is to provide information regarding the application of Section 143 of the Income Tax Act – Communal Organizations. Generally,

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IC82-6R12 Clearance Certificate

Income Tax Information Circular Clearance Certificate This circular cancels and replaces Information Circular IC82-6R11 dated March 2016. 1. This circular explains the need for a clearance certificate issued under the Income Tax Act. To ask for a clearance certificate, complete Form TX19, Asking for a Clearance Certificate and provide the required documents listed on Form TX19. This will help us to issue

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IC84-6 Canada – United States Social Security Agreement

Canada – United States Social Security Agreement CANADA – UNITED STATES SOCIAL SECURITY AGREEMENT 84-6 December 28, 1984 1. This Circular is for the information and guidance of people who are working or will work in both Canada and the United States. It outlines the provisions of the Agreement which eliminate dual coverage situations under

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IC87-2R International Transfer Pricing

International Transfer Pricing NO.: 87-2R  DATE: September 27, 1999 SUBJECT: International Transfer Pricing REFERENCE: On November 1, 1999, Revenue Canada will begin operations as the Canada Customs and Revenue Agency. This circular replaces and cancels Information Circular 87-2, dated February 27, 1987. Introduction 1. The purpose of this circular is to provide guidance with respect to the application of the transfer pricing rules

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IC87-3 Alberta Stock Savings Plan

Alberta Stock Savings Plan IC ALBERTA STOCK SAVINGS PLAN 87-3 May 8, 1987 1. The Alberta Stock Savings Plan (ASSP) Program became effective February 1, 1986. Individual investors may claim ASSP tax credits on their personal income tax returns for 1986 and subsequent years. Definition of the Alberta Stock Savings Plan 2. The Alberta Stock

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IC89-2R3 Directors’ Liability

Income Tax Information Circular Director’s Liability This version is only available electronically. This circular cancels and replaces Information Circular IC89-2R2, dated March 24, 2006. 1. This circular outlines the consequences that corporate directors may face when the corporation that they are a director of fails to deduct, withhold, remit, or pay certain amounts of money

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IC89-3 Policy Statement on Business Equity Valuations

Policy Statement on Business Equity Valuations NO.: 89-3 DATE: August 25, 1989 SUBJECT: Policy Statement on Business Equity Valuations 1. This Information Circular outlines the valuation principles, practices and policies that the Department generally considers and follows in the valuation of securities and intangible property of closely-held corporations for income tax purposes. Law 2. All valuations should be

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IC89-4 Tax Shelter Reporting

Tax Shelter Reporting NO.: 89-4 DATE: August 14, 1989 SUBJECT: Tax Shelter Reporting 1. The purpose of this circular is to set out guidelines to assist the promoter of a tax shelter to prepare and file: (a) the application form necessary to obtain a tax shelter identification number; and (b) the tax shelter information return and supporting supplementaries.

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IC93-3R2 Registered Education Savings Plans

IC93-3R2 – Registered Education Savings Plans This version is only available electronically. This circular cancels and replaces Information Circular 93-3R1 dated November 18, 2010 and helps promoters manage registered education savings plans (RESPs). 1. Specifically it: provides an overview of RESPs; outlines the types of payments that are allowed into and out of an RESP; provides

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IC94-4R International Transfer Pricing: Advance Pricing Arrangements (APAs)

International Transfer Pricing: Advance Pricing Arrangements (APAs) NO.: 94-4R DATE: March 16, 2001 SUBJECT: International Transfer Pricing: Advance Pricing Arrangements (APAs) This circular cancels and replaces Information Circular 94-4, dated December 30, 1994. This Information Circular provides comprehensive guidance on Advance Pricing Arrangements (APAs). Any taxpayer subject to transfer pricing rules in section 247 of the Canadian

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IC94-4R International Transfer Pricing: Advance Pricing Arrangements (APAs)

International Transfer Pricing: Advance Pricing Arrangements (APAs) NO.: 94-4R DATE: March 16, 2001 SUBJECT: International Transfer Pricing: Advance Pricing Arrangements (APAs) This circular cancels and replaces Information Circular 94-4, dated December 30, 1994. This Information Circular provides comprehensive guidance on Advance Pricing Arrangements (APAs). Any taxpayer subject to transfer pricing rules in section 247 of the Canadian

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IC97-2R18 Customized Forms

Income Tax Information Circular Customized Forms This circular replaces and cancels Information Circular 97-2R17. What’s new? 1. Over the last several years, the Canada Revenue Agency (CRA) has noted instances where taxpayers are not reporting all their T5008 dispositions because they were not aware that the statement sent to them by the Financial Institutions was their

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IC98-2 Prescribed Compensation for Registered Pension Plans

Prescribed Compensation for Registered Pension Plans NO.: IC98-2 DATE: September 1, 1998 1. In this circular we at Revenue Canada explain our administrative requirements which apply to prescribed amounts of compensation. Prescribing compensation enables defined benefits to be provided, or money purchase contributions to be made, for periods of reduced services under a registered pension

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