18(1)

Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime

Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime Series 3: Property, Investments and Savings Plans Folio 9: Miscellaneous Payments/Receipts Chapter  1:  Lottery Winnings, Miscellaneous Receipts, and Income (and Losses) from Crime Summary This Chapter discusses the tax treatment of various receipts, such as strike pay, gambling winnings, and forfeited […]

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TN-44-Exchangeable Debentures

Exchangeable Debentures: Paragraph 20(1)(f) Question 1 At the Canadian Tax Foundation’s 2008 annual conference,[Footnote 18] the CRA was asked to provide its views in respect of the application of paragraph 20(1)(f) to exchangeable debentures in light of the Federal Court of Appeal decision in Tembec Inc. et al. v. The Queen.[Footnote 19] The CRA was not prepared to comment at that

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IT99R5- Legal and Accounting Fees

NO.: IT-99R5 (Consolidated)  DATE: See Bulletin Revisions section SUBJECT: INCOME TAX ACT  Legal and Accounting Fees REFERENCE: Paragraph 18(1)(a) (also sections 9 and 239; subsections 13(12), 20(9), and 40(1); paragraphs 6(1)(f), 6(1)(j), 8(1)(b) and (c), 20(1)(b), (e) and (cc), 56(1)(b), (l) and ( l.1), 60(o) and (o.1) and the definitions of “cumulative eligible capital” and “eligible capital expenditure” in subsection

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IT357R2- Expenses of training

NO: IT-357R2 DATE: November 6, 1989 SUBJECT: INCOME TAX ACT Expenses of Training REFERENCE: Subsection 18(1) (also section 67, subsections 15(1) and 20(10), and paragraph 6(1)(a)) Application This bulletin replaces and cancels Interpretation Bulletin IT-357R dated May 21, 1980. Current revisions are indicated by vertical lines. Summary This bulletin deals with the deductibility of costs and

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IT487- General limitation on deduction of outlays or expenses

NO: IT-487 DATE: April 26, 1982 SUBJECT: INCOME TAX ACT General Limitation on Deduction of Outlays or Expenses REFERENCE: Paragraph 18(1)(a) 1. Paragraph 18(1)(a) provides a general restraint on the deductions permitted in the computation of income of a taxpayer from a business or property by prohibiting the deduction of an outlay or expense except to

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IT475- Expenditures on research and for business expansion

NO: IT-475 DATE: March 31, 1981 SUBJECT: INCOME TAX ACT Expenditures on Research and for Business Expansion REFERENCE: Paragraphs 18(1)(a) and (b) 1. The purpose of this bulletin is to discuss the treatment of expenditures on research and expenditures made for business expansion. These expenditures include the cost of market research, applied research, feasibility studies and

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IT285R2 Capital Cost Allowance – General Comments

Capital Cost Allowance – General Comments NO: IT-285R2 DATE: March 31, 1994 SUBJECT: INCOME TAX ACT Capital Cost Allowance – General Comments REFERENCE: Paragraph 20(1)(a) (also paragraph 18(1)(b) and Part XI of the Income Tax Regulations) Application This bulletin cancels and replaces Interpretation Bulletin IT-285R dated October 11, 1985 and the Special Release to IT-285R dated

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IT261R- Prepayment of rents

NO: IT-261R DATE: May 20, 1980 SUBJECT: INCOME TAX ACT Prepayments of rents REFERENCE: Reference: 9(1), 18(1)(a) (also paragraph 18(1)(b) and subparagraph 20(1)(m)(iii)) This bulletin cancels and replaces Interpretation Bulletin IT-261 dated November 3, 1975 and Special Release dated December 5, 1977. 1. This bulletin deals with prepayments of rent and the treatment of the prepayments

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IT148R3 ARCHIVED – Recreational Properties and Club Dues

NO: IT-148R3 DATE: July 21, 1997 SUBJECT: INCOME TAX ACT Recreational Properties and Club Dues REFERENCE: Paragraph 18(1)(l) (also subsection 13(7) of the Income Tax Act and subsection 1102(17) and paragraph 1102(1)(f) of the Income Tax Regulations) Application This bulletin cancels and replaces IT-148R2 dated June 2, 1981. Summary The Income Tax Act provides several restrictions and limits on the deductibility of outlays and expenses in computing income from

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