Latest CRA Bulletins

The following Interpretation Bulletins, Information Circulars and CRA Views are updated as soon as they are released from Canada Revenue Agency.

Interpretation Bulletins

·         Nothing new within the past 6 months

Information Circulars

·     IC 84-3R6 Gifts to Certain Charitable Organizations Outside Canada (PDF: 91KB)

·     IC82-6R7 Clearance Certificate (PDF: 85KB)

·     IC97-2R11 Customized Forms (PDF: 200KB)

CRA Views

Period ending January 27, 2012

·         CRA Views 2011-0391781E5: Trust Distribution of Life Insurance Policy -- Section 148(7), 107(2), 107(4.1), 107(5), 107(2.1), 107(2.001), 182.1(4)(b)(iii), 128.1(10)(l), 138.1(1)(e),

·         CRA Views 2011-0408991R3: Split-up butterfly -- Section 55(3)(b); 80; 80.01; 84(3); 85(1); 112; 245(2); Part IV tax; Part IV.1 tax; Part VI.1 tax,

·         CRA Views 2011-0427461E5: Attribution Rules and Suspended Loss Rules -- Section 40(3.6), 73(1), 74.1(1) and 74.2(1),

Period ending January 13, 2012

·         CRA Views 2011-0403031R3: Post mortem planning - SECTION 84.1(1) and (2); 84(2); 245(2) – 2011

·         CRA Views 2011-0428021E5: Charitable Donation by Will -- Section 118.1(5); 118.1(3)

Period ending January 6, 2012

·         CRA Views 2011-0422441E5: Capital dividend paid to a Non-Resident SECTION 212(1)(c); 212(11)

·         CRA Views 2011-0427511R3: Deemed disposition SECTION 106(2), 107(1), 248(1)

Period ending December 30, 2011

·         CRA Views 2011-0422191E5: Price adjustment clause and redemption of shares -- Section 84(3)

Period ending December 2, 2011

·         CRA Views 2011-0405531E5: Liability of Issuers of TFSAs -- Section 104(1), 146.2(6), 159(1), 248(1) def. "legal representative"

·         CRA Views 2011-0420451E5: Canadian resource property -- Section 66.2(5); 66(15); 66(12.1)

Period ending November 4, 2011

·         CRA Views 2011-0399401C6: Butterfly, life insurance policies, grandfathering -- Section 55(1), 55(2), 55(3)(a)&(b), 55(4), 112(3) and 131(11)(a)&(b) and 131(12) of S.C. 1998, c. 19

Period ending September 23, 2011

·         CRA Views 2010-0376171E5: Spousal Trust -- Section 73(1.01)(c)(i), 104(13), 104(24)

Period ending September 9, 2011

·         CRA Views 2010-0376801R3: FIT Program (solar): revenue -- Section 122.1 - "non-portfolio property"; "qualified REIT property"; "real estate investment trust"; "rent from real or immovable properties"; 248(1) - "gross revenue"; Reg. 1100(24) -(27) "specified energy property"

·         CRA Views 2010-0385511E5: REIT - Income from Real or Immovable Properties -- Section subsection 122.1(1), proposed subsection 122.1(1.1), proposed subsection 122.1(1.2)

Period ending September 2, 2011

·         CRA Views 2010-0371031E5: Deemed Disposition of Trust Property on Death -- Section 104(4)(a.4), 104(6), 70(5), 70(6)

·         CRA Views 2010-0379431E5: Deemed Disposition of Trust Property on Death -- Section 104(a)(a)(ii.1), 108(1) Testamentary Trust

·         CRA Views 2011-0393401E5: Transfer of shares of a single-purpose corporation -- Section 15(1); definition of "disposition" in 248(1)

·         CRA Views 2011-0409961C6: 2011 CICA Roundtable follow-up question

Period ending August 12, 2011

·         CRA Views 2011-0415141E5: Tax status of a German Family Trust

Period ending August 5, 2011

·         CRA Views 2011-0408401E5: Gift to U.S. charity -- Section 118.1(5), 248(31)

Period ending July 22, 2011

·         CRA Views 2009-0350491R3: Alter Ego Trust Planning -- Section 88(1)(d), 118.1, 40(3.6), 88(1)(c.2)(ii)

Period ending July 8, 2011

·         CRA Views 2011-0398461C6: Charitable donation of life insurance policy -- Section 118.1; 110.1; 149.1(1); 248(31); 248(32)

·         CRA Views 2011-0401401C6: CICA Conference Question 20, Life Estates -- Section 70(5), 70(6), 70(9), 40(2)(g)(iii)

·         CRA Views 2011-0405811R11: Appeal by Trustee of a Trust -- Section s. 104(2), 225.1(1) & (7)

Period ending July 1, 2011

·         CRA Views 2009-0350481R3: Reorganization of a REIT -- Section 80(1), 107.4(1), 132.2(1), 132(6), 253.1, 122.1(1), 245(2)

Period ending June 17, 2011

·         CRA Views: 2011-0399501E5: Taxable Canadian property distributed by non-resident trust to non-resident beneficiary

Period ending June 10, 2011

·         CRA Views 2011-0394671R3: Charitable Donation of Publicly Listed Shares -- Section 110.1

·         CRA Views 2011-0394081E5: Capital Gains Reserve -- Section 40(1)(a); 248(1) "joint spousal or common-law partner trust" and "alter ego trust"; 40(1.1)

·         CRA Views 2011-0403891I7: Child Tax Credit in yr of birth-death -- Section 118(1)(b.1)(i); 118(4); 118(9.1)

Period ending June 3, 2011

·         CRA Views 2010-0368141E5: Principal Residence - Trust & 1/2 hectare rule -- Section 54 "principal residence", 40(2)(b), 70(5)

Period ending May 6, 2011

·         CRA Views 2010-0359311I7: Distribution of property by an estate -- Section 248(1)-"disposition"; 107(2.001), 107(2.1); 251.1(3); 40(3.3)

Period ending April 29, 2011

·         CRA Views 2010-0384371R3: Supplementary Ruling

·         CRA Views 2011-0398881E5: Capital Gains - beneficial ownership -- Section 38; 39

·         CRA Views 2010-0388591R3: Post Mortem Planning -- Section 84.1(1), 84(2), 245(2)