16(1)

Income Tax Folio S3-F6-C1, Interest Deductibility

Income Tax Folio S3-F6-C1, Interest Deductibility Series 3: Property, Investments, and Savings Plans Folio 6: Interest Chapter 1: Interest Deductibility Summary The purpose of this Chapter is to explain the Canada Revenue Agency’s (CRA) position on the deductibility of interest expense under paragraph 20(1)(c). The Chapter also discusses various other provisions of the Act relating to interest deductibility. An amount […]

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IT396R- Interest Income

NO: IT-396R DATE: May 29, 1984 SUBJECT: INCOME TAX ACT Interest Income REFERENCE: Paragraph 12(1)(c) (also subsections 12(3) to (11), 16(1), 20(14) 20(21) and 70(1) and subsection 201(4) and Part LXX of the Income Tax Regulations) This bulletin replaces and cancels IT-396 dated October 17, 1977, IT-284R dated January 30, 1978 and Special Release to IT-284R

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IT365R2- Damages, settlements, and similar receipts

NO: IT-365R2 DATE: May 8, 1987 SUBJECT: INCOME TAX ACT Damages, Settlements and Similar Receipts REFERENCE: Section 3 (also section 6, subsections 5(1), 12.2(1) and (3), 14(1), 16(1), 56(1), and 248(1), paragraphs 81(1)(g.1) and (g.2) and subparagraphs 14(5)(a)(iv) and 56(1)(a)(ii)). This bulletin replaces and cancels IT-365R dated March 9, 1981 and the Special Release to IT-365R

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