- Category: CRA Interpretations
Sale of Tax Losses The Act contains many provisions that are designed to ensure that a corporation’s tax losses cannot be used by unrelated
- Topics: Sale of Tax Losses
ITA Section: 111
- Category: CRA Interpretations
Loss Consolidation – Unanimous Shareholder Agreements In the past, the CRA has repeatedly stated that loss consolidation transactions that are legally effective and otherwise
- Category: CRA Interpretations
NO: IT-373R2 SUBJECT: INCOME TAX ACT Woodlots REFERENCE: Section 9 (also subparagraph 40(2)(g)(iii); paragraphs 12(1)(g), 18(1)(a) and 18(1)(h); subsections 18(2), 28(1), 70(9), 70(9.1), 70(9.2), 70(9.3),
- Topics: Woodlots
- Category: CRA Interpretations
NO.: IT-206R DATE: October 29, 1979 SUBJECT: INCOME TAX ACT Separate businesses REFERENCE: Section 3 (also sections 14 and 128, subsection 111(5); and Regulations 1101(1) and 2605)
- Topics: Separate businesses
- Category: CRA Interpretations
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
- Category: CRA Income Tax Folio
Series 4: Businesses Folio 8: Losses Chapter 1: Business Investment Losses Summary A taxpayer’s business investment loss is basically a capital loss from a disposition of
- Topics: Business Investment Losses
- Category: CRA Interpretations
Income Tax Folio S3-F2-C1, Capital Dividends Series 3: Property, Investments and Savings Plans Folio 2: Dividends Chapter 1: Capital Dividends Summary This Chapter discusses
- ITA Sections: 104(20), 104(21.4), 104(21), 110.1(1), 111(4), 112, 112(1), 112(3), 125(7), 14(1.01), 14(1.02), 14(1)(b), 184, 185, 20(4.3), 212(2), 215, 248(1), 256(5.1), 34.2, 38(a.2), 38(a.3), 39(1)(a), 40(1)(a), 40(12), 40(3.1), 40(3.12), 52(3)(a)(ii)(A)(II), 53(1)(b)(ii), 53(1)(e), 54, 55(2), 80(1), 80(12), 83(2), 83(3), 83(4), 83(5), 84.1(1)(b), 87(1)(z.1), 88(2)(e.2), 89(1.1), 89(1.2), 89(1), Reg 2101, Reg 2106
- Topics: Capital Dividends
- Category: CRA Income Tax Folio, CRA Interpretations
Income Tax Folio S5-F2-C1, Foreign Tax Credit Series 5: International and Residency Folio 2: Foreign Tax Credits and Deductions Chapter 1: Foreign Tax Credit Summary Section
- Category: CRA Interpretations
NO: IT-262R2 DATE: November 28, 1996 SUBJECT: INCOME TAX ACT Losses of Non-Residents and Part-Year Residents REFERENCE: Section 114, subsection 111(9) and paragraphs 115(1)(c) and
- Category: CRA Interpretations
NO: IT-232R3 DATE: July 4, 1997 SUBJECT: INCOME TAX ACT Losses – Their Deductibility in the Loss Year or in Other Years REFERENCE: Subsection 111(1)