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.
Agriculture Canada
Market and Industry Services Branch
Horticulture and Special Crops Division 952948
2200 Walkley Road A.M. Brake
Ottawa, Ontario
K1A 0C5
Attention: Murray Pearson, Director
January 3, 1996
Dear Sirs:
Re: XXXXXXXXXX Out of Court Settlement
This is in reply to your letter of November 6, 1995 concerning the views expressed in our letter (file #951486) of July 6, 1995 that the payments in question should be reported on AGR-1 Slips. You point out that this form is headed "Statement of Farm Support Payments" whereas the payments were in fact a settlement of an action before the courts for damages in respect of losses that resulted from errors in testing of the XXXXXXXXXX.
After further consideration of your comments, we agree with your view that the payments in settlement for damages, while they constitute income from farming, are not "subsidy or support" payments required to be reported on AGR-1 Slips.
We apologize for any inconvenience that may have been caused in relation to this matter.
Yours truly,
R. Albert
for Director
Business and General Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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© Her Majesty the Queen in Right of Canada, 1996
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© Sa Majesté la Reine du Chef du Canada, 1996
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