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Income Tax Folio S4-F7-C1, Amalgamations of Canadian Corporations

Income Tax Folio S4-F7-C1, Amalgamations of Canadian Corporations Series 4:  Businesses Folio 7:  Wind-ups, Dissolutions and Amalgamations Chapter 1:  Amalgamations of Canadian Corporations Summary This Chapter outlines the Canada Revenue Agency’s (CRA) views on a number of issues relating to the amalgamation of two or more taxable Canadian corporations as described in subsection 87(1) (referred to in this […]

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IT473R- Inventory Valuation

NO: IT-473R DATE: December 21, 1998 SUBJECT: INCOME TAX ACT Inventory Valuation REFERENCE: Section 10 (also the definition of “inventory” in subsection 248(1) of the Income Tax Act and section 1801 of the Income Tax Regulations) Application This bulletin cancels and replaces Interpretation Bulletin IT-473 dated March 17, 1981, and the related Special Release dated April 30, 1993. Summary In computing a taxpayer’s income from a

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IT-504R2- Visual Artists and Writers

NO.: IT-504R2 (Consolidated)   DATE: See Bulletin Revisions section SUBJECT: INCOME TAX ACT  Visual Artists and Writers REFERENCE: Section 9 (also sections 67.1, 110.4, and 110.6, subsections 10(1), (6), (7), and (8), 18(12), 70(5), and 118.1(1), (6), (7), (7.1), and (10); paragraphs 8(1)(j), 8(1)(q), and 69(1)(b) of the Income Tax Act and Parts XVIII and XXXV of the Income Tax Regulations) Visual

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IT-504R2(C)-Visual Artists and Writers

  NO.: IT-504R2 (Consolidated)   DATE: See Bulletin Revisions section SUBJECT: INCOME TAX ACT  Visual Artists and Writers REFERENCE: Section 9 (also sections 67.1, 110.4, and 110.6, subsections 10(1), (6), (7), and (8), 18(12), 70(5), and 118.1(1), (6), (7), (7.1), and (10); paragraphs 8(1)(j), 8(1)(q), and 69(1)(b) of the Income Tax Act and Parts XVIII and XXXV of the Income Tax Regulations)

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IT153R3-Land Developers-Subdivision and Development Costs and Carrying Charges on Land

NO: IT-153R3 DATE: October 7, 1991 SUBJECT: INCOME TAX ACT Land developers – Subdivision and development costs and carrying charges on land REFERENCE: Subsections 18(2), (2.2), (2.3), (2.4), (2.5), (3), (also subsections 10(1), (1.1) and the definition of “specified shareholder” and “business” in subsection 248(1), paragraphs 18(1)(a), 20(1)(c), 53(1)(d.3) and subparagraph 53(1)(e)(xi) of the Income Tax

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IT142R3- Settlement of debts on the winding-up of a corporation

NO: IT-142R3 DATE: January 11, 1988 SUBJECT: INCOME TAX ACT Settlement of debts on the winding-up of a corporation REFERENCE: Subsection 80(3) (also section 21 , subsections 10(1), 12(3), 12(6), 18(2), 18(3.1), 80(1), 80(4), 88(1) and 248(1)). Application This bulletin replaces and cancels Interpretation Bulletin IT-142R2 dated May 22, 1984. Current revisions are designated by vertical

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IT212R3- Income of Deceased Persons – Rights or Things

NO: IT-212R3 DATE: March 21, 1990 SUBJECT: INCOME TAX ACT Income of Deceased Persons – Rights or Things REFERENCE: Subsection 70(2) (also subsections 10(6), 61.1(2), 69(1.1), 70(1), 70(3), 70(3.1), 70(4), 70(5.2), 96(1.5), 110.4(5), 159(5) and 159(5.1) and paragraphs 34(a) and 69(1)(c) of the Act and section 23 of the Income Tax Application Rules, 1971 (ITAR)) Application

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IT189R2- Corporations used by practicing members of professions

NO: IT-189R2 DATE: May 24, 1991 SUBJECT: INCOME TAX ACT Corporations Used by Practising Members of Professions REFERENCE: Sections 9 and 125 (also sections 10 and 34 and paragraph 18(1)(p)) Application This bulletin cancels and replaces Interpretation Bulletin IT-189R dated February 27, 1984. Current revisions are indicated by vertical lines. Summary This bulletin deals with corporations

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