ITA Interpreter

Quickly and confidently apply the Income Tax Act to real-life tax situations.

Even the most experienced tax advisor will tell you there are times when the Income Tax Act seems to be written in a foreign language. That’s when it’s time to switch on the ITA Interpreter.

Simplify answers to complex tax questions with just one click!

ITA Interpreter breaks down each provision of the Act into short, meaningful sections – in the same way you might think it through when reading – to help you quickly determine if it applies to your client’s situation.

Each statement in the legislation is isolated for easy viewing. Simply answer true or false to each applicable phrase and let ITA Interpreter’s logic engine do the rest.

This extraordinary feature is exclusive to Wolters Kluwer and will allow you to quickly apply the Income Tax Act to real-life tax situations. It’s the fastest, easiest way to analyze the nuances of the Act, and confirm your thinking.

ITA Interpreter maintains the language integrity of the Act while helping you quickly scan and interpret sections on a case-by-case basis

  • Interpret complex legislation and rapidly understand the implications
  • Keep track of your progression in the text, and the decisions made on-screen,
  • Drill down even further with suggested related matter linked for instant access
  • See the consequences of various case scenarios with the click of a button
  • Switch ITA Interpreter on when you need it and off when you don’t

ITA Interpreter is unlike any other tool on the market and only available with your Wolters Kluwer tax subscription.

ITA Interpreter is available on 100 of the most commonly referenced sections of the Act:

  • 2(3) – Tax payable by non-resident persons
  • 6(1)(a) – Value of benefits
  • 6(1)(b) – Personal or living expenses
  • 6(1)(k) – Automobile operating expense benefit
  • 6(6) – Employment at special work site or remote location
  • 7(1) – Agreement to issue securitires to employees
  • 7(1.1) – Employee stock options
  • 8(1)(c) – Clergy residence
  • 8(1)(e) – Expense of railway employees
  • 8(1)(g) – Transport employee’s expenses
  • 8(1)(h) – Travel expenses
  • 8(1)(i) – Dues and other expenses of performing duties
  • 12(1)(a) – Services, etc., to be rendered
  • 12(1)(b) – Amounts receivable
  • 12(1)(c) – Interest
  • 12(1)(x) – Inducement, reimbursement, etc.
  • 14(1.01) – Election re capital gain
  • 15(1) – Benefit on conferred on shareholder
  • 15(2) – Shareholder debt
  • 15(2.4) – When s. 15(2) not to apply—certain employees
  • 18(2) – Limit on certain interest and property tax
  • 18(4) – Limitation on deduction of interest
  • 20(1)(c) – Interest
  • 20(1)(m) – Reserve in respect of certain goods and services
  • 38 – Taxable capital gain and allowable capital loss
  • 39(1) – Meaning of capital gain and capital loss
  • 39(2) – Foreign exchange capital gains and losses
  • 39(6) –  Definition of “Canadian security”
  • 40(1) – General rules
  • 40(2) – Limitations
  • 40(3.3) – When subsection (3.4) applies
  • 40(3.6) – Loss on shares
  • 40(6) – Special rule concerning principal residence
  • 44(1) – Exchanges of property
  • 45(2) – Election where change of use
  • 50(1) – Debts established to be bad debts and shares of bankrupt corporation
  • 51(1) – Convertible property
  • 55(2) – Deemed proceeds or capital gains
  • 56(2) – Indirect payments
  • 56(4) – Transfer of rights to income
  • 60(o) – Legal expenses
  • 62(1) – Moving expenses
  • 69(1) – Inadequate considerations
  • 69(11) – Deemed proceeds of disposition
  • 70(6) – Where transfer or distribution to spouse or spouse trust
  • 73(1) – Inter vivos transfers by individuals
  • 73(1.01) – Qualifying transfers
  • 74.1(1) – Transfers and loans to spouse or common-law partner
  • 74.4(2) – Transfers and loans to corporations
  • 74.5(1) – Transfers for fair market consideration
  • 75(2) – Trusts
  • 78(4) – Unpaid remuneration and other amounts
  • 83(2) – Capital dividend
  • 84(2) – Distribution on winding-up, etc
  • 84(3) – Redemption, etc
  • 84.1(1) – Non-arm’s length sale of shares
  • 85(1.1) – Definition of “eligible property”
  • 85(2) – Transfer of property to corporation from partnership
  • 85.1(1) – Share for share exchange
  • 86(1) – Exchange of shares by a shareholder in course of reorganization of capital
  • 87(1) – Amalgamations
  • 88(1) – Winding-up
  • 95(2)(a) – [Determination of FAPI—Property income deemed active business income]
  • 96(1) – General rules
  • 104(4) – Deemed disposition by trust
  • 104(21) – Designation in respect of taxable capital gains
  • 107(2) – Distribution by personal trust
  • 110(1)(d) – Employee options
  • 110.6(1.3) – Farming or fishing property—conditions
  • 112(1) – Deduction of taxable dividends received by corporation resident in Canada
  • 112(3) – Loss on share that is capital property
  • 115(1) – Non-resident’s taxable income in Canada
  • 125(1) – Small business deduction
  • 127(10.22) – Deemed non-association of corporations
  • 127(10.23) – Application of subsection (10.22)
  • 146(8) – Benefits taxable
  • 152(4) – Assessment and reassessment
  • 153(1) – Withholding
  • 164(6) – Disposition by legal representative of deceased
  • 169(1) – Appeal
  • 186(1) – Tax on assessable dividends
  • 186(2) – When corporation controlled
  • 186(4) – Corporations connected with particular corporation
  • 227.1(1) – Liability of directors for failure to deduct
  • 227.1(2) – Limitations on liability
  • 227.1(3) – Idem
  • 233.3(3) – Returns respecting foreign property
  • 245(2) – General anti-avoidance provision
  • 245(4) – Application of subsection(2)
  • 247(2) – Transfer pricing adjustement
  • 249(4) – Loss restriction event—year end
  • 249.1(1) – Definition of “fiscal period”
  • 251(1) – Arm’s length
  • 251(2) – Definition of “related persons”
  • 251(3) – Corporations related through a third corporation
  • 251(3.2) – Amalgamation of related corporations
  • 251(5) – Control by related groups, options, etc
  • 251(6) – Blood relationship, etc
  • 251.1(2) – Affiliation where amalgamation or merger
  • 251.2(2) – Loss restriction event
  • 256(1) – Associated corporations
  • 256(2) – Corporations associated through a third corporation
  • 256(5) – Idem
  • 256(5.1) – Control in fact
  • 256(8) – Deemed exercise of right