Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
DRAFT
Revenue Canada Round Table
Canadian Petroleum Tax Society
June, 1995
Question No. 11
AMALGAMATIONS
Does the Department agree that according to the decision of the Federal Court of Appeal in Pan Ocean Oil, 94 DTC 6412, Canadian resource property is considered to be "acquired" in a long-form amalgamation for section 66.7 purposes?
Department's Position
Provided that all of the other requirements for paragraph 66.7(7)(c) of the Act to apply are satisfied, the Department would consider Canadian resource property to be acquired by the amalgamated corporation in a long-form amalgamation for purposes of paragraph 66.7(7)(7)(c) of the Act.
Author: Bruce Rankin
File: 951158
Date: May 10, 1995
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1995
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1995
Email this Content