Subsection 1101(1)
Cases
Dupont Canada Inc. v. Canada, 2001 DTC 5269, 2001 FCA 114
A sale by the taxpayer of most of the assets of its explosives manufacturing operation in Nipissing was found not to be a sale of a separate...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 4 - Subsection 4(1) - Paragraph 4(1)(a) | centralized operation | 170 |
MNR v. Pevato, 65 DTC 5183, [1965] CTC 300, 65 DTC 5183 (Ex Ct), briefly aff'd 67 DTC 5058 (SCC)
In finding that the taxpayer did not realize recapture of depreciation when it sold its interest in a hotel and constructed a motel, because they...
See Also
Dupont Canada Inc. v. The Queen, 99 DTC 1132 (TCC)
Lamarre Proulx TCJ. applied (at p. 1139) the principle that "there will be one business when there is interlacing and interdependence to such a...
Subsection 1101(1ac)
Administrative Policy
30 June 2000 External T.I. 1999-0013945
Where a taxpayer owns buildings that are used in an active business and subsequently leases one of those buildings, that building will be...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 13 - Subsection 13(5) | building transferred to separate class when becomes rental property | 189 |
10 April 1997 External T.I. 9704225 - RENTAL PROPERTY
On the facts in 15 August 1990 T.I. 900372 (where a building was transferred to a new subsidiary (Company B), which thereupon commenced to use the...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 13 - Subsection 13(5) | transfer to separate class occurs immediately upon rental and following Reg. 1102(14)(d) transfer | 91 |
29 March 1996 T.I. 960671
Separate classes are not required for each unit when an apartment building is converted into a condominium building, as there would be no...
15 August 1990 T.I. 900372
Company A owns several properties, comprising buildings acquired after 1971 for more than $50,000 and all included in Class 3, and land, which are...
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|---|---|---|
| Tax Topics - Income Tax Act - Section 13 - Subsection 13(5) | 13(5) transfer where business-use buildings become rental properties | 62 |
89 C.R. - Q.6
RC regards a taxpayer's entire holdings in respect of a condominium building to be a single property with a single capital cost.
84 C.R. - Q.53
Pre-1972 rental properties of two corporations will be included in the same class following an amalgamation, or following the winding-up of one...
Subsection 1101(5b.1)
Administrative Policy
9 November 2012 CTF Atlantic Roundtable, 2012-0465981C6 - CTF Atlantic - Filing Electronically
When a tax return is filed electronically, how can the taxpayer satisfy a requirement to "elect in the return" (see s. 50(1)) or "by letter...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 220 - Subsection 220(3.5) | 166 | |
| Tax Topics - Income Tax Act - Section 50 - Subsection 50(1) | 166 |
10 June 2013 External T.I. 2013-0489101E5 F - Ajout à un édifice - choix en vertu de 1101(5b.1)
In Year 1 (and after March 18, 2007), the taxpayer constructed an "eligible non-residential building" (per Reg. 1104(1)), but did not elect under...
7 October 2011 Roundtable, 2011-0411811C6 F - Règlement 1101(5b.1)
given that CCA is claimed at the partnership level, where a partnership produces the T5013 return for its fiscal year, it has to attach a letter...