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.
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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 adjustment
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