22 December 1995 - BULLETIN BOARD

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.

Welcome to the Income Tax Rulings & Interpretations Directorate Bulletin Board. The bulletin board contains commentary and announcements on current issues and information on the Directorate. You can scroll through the board or go directly to a topic by sub-searching on a keyword (eg DOCP) in the following index:

December 22, 1995

DOCJ 95/12/22 Friesen Decision Press Release
DOCI 95/12/12 Cruising and Learning
DOCH 95/12/12 Effect of an Election
DOCG 95/10/6 Tax-Free Disability Payments
DOCF 95/8/31 Part I.3 Tax - Deferred Revenue
DOCE 95/6/28 Medical expenses
Directorate Information
DOCM Mandate
DOCN Mailing Address & General Phone Numbers
DOCP Work Section Phone Numbers

DOCJ Friesen Decision Press Release

The Department of Finance issued a News Release on December 20, 1995 stating that they will amend the Income Tax Act relating to the valuation of inventory held as an "adventure in the nature of trade". The amendments will not allow a write-down prior to the sale of the property. They will also provide that in other cases where inventory is written-down because market is less than cost any increase in market value will require a write-up.

This amendment is in response to the decision by the Supreme Court of Canada in the Jake Friesen case.

The amendments will apply to taxation years ending after December 20, 1995.

As a result of the News Release we have been asked whether a notice of objection or appeal can be filed after December 20,
1995 to claim an inventory write-down pursuant to the Friesen decision. The answer is NO.

The following are some potential questions and suggested answers for your use:

Q#2

After December 20, 1995, will Revenue Canada accept a taxpayer's requested adjustment to create a refund for an inventory write-down pursuant to the Friesen decision with respect to an assessed income tax return?

A#2

No. As indicated in paragraph 4.(e) of Information Circular No. 75-7R3, a reassessment will not be made where the application for a refund is based solely upon a successful appeal to the courts by another taxpayer.

Q#3

After December 20, 1995, will Revenue Canada accept a claim for an inventory write-down pursuant to the Friesen decision where a corporation is late in filing its 1995 return?

A#3

No. Inventory write-downs pursuant to the Freisen decision claimed in income tax returns that are late filed after December 20, 1995, will be denied based on the new rules.

Q#4

Assume Mr. X was not taxable in 1993 and did not file a 1993 income tax return. Can Mr. X claim an inventory write-down pursuant to the Friesen decision when filing his 1993 income tax return after December 20, 1995?

A#4

No. Same answer as for Q#2.

ANYONE WHO HAS NOT CLAIMED SUCH A WRITE-DOWN BEFORE DECEMBER 20, 1995 WILL BE SUBJECT TO THE NEW RULES ANNOUNCED IN THE NEWS RELEASE.

DOCI Cruising and Learning

XXXXXXXXXX

Dear XXXXXXXXXX:

I am writing in reply to your letter of September 13, 1995, concerning the deductibility of the costs of cruises by realtors and investors when there is an educational component of the cruise. This topic was the subject of an article in a recent real estate weekly.

I note that the authority for a tax deduction for this type of cruise has been attributed to an unnamed accounting firm and not to Revenue Canada.

In the Department's view, expenses relating to the cost of the cruise itself would be personal and, therefore, not deductible.

For real estate investors, the overall cost of the cruise including any seminars would not be deductible. For self-employed realtors, that portion of the cost that could be directly attributed to the seminar itself could be deductible.

As a rule, expenses of attending a training course outside a taxpayer's general geographic locale are considered unreasonable
to the extent that they exceed what they would have been had a similar course been attended locally, if available. The majority of the cost of the cruise would not be deductible under any circumstance.

I wish to thank you for bringing your concerns to my attention.

Yours sincerely,

David Anderson, P.C., M.P.

DOCH Effect of an Election

At the Revenue Canada Round Table Canadian Tax Foundation Conference November, 1995 the following question and answer was given concerning the impact of a capital gains election.

THE CAPITAL GAINS ELECTION AND LAND IN EXCESS OF ONE-HALF HECTARE

Prior to February 1992, an individual acquired a house situated on land of more than one-half hectare, in which the individual
has resided since that date. The land adjacent to the house is not used for any income-earning purposes. Since the acquisition date, the property has increased in value.

There are arguments for and against a claim that the land in excess of one-half hectare is necessary for the use and enjoyment
of the housing unit. If it is necessary, it forms part of the individual's "principal residence" as defined in section 54 of the Income Tax Act (the "Act"). On balance, the individual believes that it does so qualify.

Nevertheless, the individual made an election under subsection 110.6(19) of the Act in respect of the house and the land as a
protective mechanism, so that if the Department determines that the excess land does not form part of the principal residence, at
least a portion of the gain on any later disposition will be sheltered from tax.

When the property is subsequently disposed of, would the filing of the election prejudice a claim by the individual that all of
the land was part of the principal residence? In addition, if the Department agrees with the claim, meaning that the election
was not necessary, would it reassess the individual's 1994 return to eliminate any adverse effects of the election?

Response

As regards the first question, one must look at all the facts to determine whether excess land in any particular situation is included in the definition of principal residence. The Department's position in this respect is explained in Interpretation Bulletin IT-120R4.

Filing a protective capital gains election will not in and of itself prejudice a claim that the entire property qualifies as a principal residence, if, on the facts of a particular case, excess land is part of a principal residence. In the Department's view, the presence or the absence of a capital gains election in respect of a property that includes excess land is significant only in that it may indicate the individual's own opinion as to the land's status, particularly if electing on the property involved a tax cost of some kind.

For instance, an individual might elect on the property, including the excess land, instead of on shares of public companies that had significant unrealized gains. In that case, one could reasonably assume that in the opinion of that individual, the land was not likely to qualify as part of the principal residence. The Department would see this use of the election as quite a significant indicator.

Also, if the election had other immediate adverse tax consequences (grinding of credits based on net income, for example), it would be an indication that the individual had considered the election necessary.

On the other hand, if an individual had no other capital assets that were eligible for the capital gains deduction, and suffered
no immediate adverse tax consequences from making the election, its presence would not be significant evidence of the individual's opinion.

With respect to the second question, subsection 110.6(25) of the Act specifically provides for the revocation of a capital gains
election before 1998. After that time, the Department would not normally accede to a request to reassess an individual's 1994 return to delete the adverse consequences of an election.

DOCG Tax-Free Disability Payments

Tax treatment of amounts paid to employees pursuant to recently enacted work-related illness and injury provision of the Canada Labour Code (CLC).

Principal Issues:

Generally, where an employer has contributed amounts to a group sickness or accident insurance plan (wage loss replacement plan), benefits received out of the plan are included in income pursuant to paragraph 6(1)(f) of the Act.

1) Whether or not payments made to an employee pursuant to an employer's obligation under newly enacted CLC provisions for
work-related illness and injury (paragraph 239.1(2)) would be considered compensation received under an employees' or workers'
compensation law of Canada and thus taxable pursuant to paragraph 56(1)(v), (as opposed to paragraph 6(1)(f) of the Act), and
therefore deductible in computing taxable income pursuant to subparagraph 110(1)(f)(ii).

2) The tax consequences of four possible methods of payment by the employer to the employee in order to meet the obligation under the CLC were reviewed.

a) direct payment of compensation benefits by employer to employee

b) payment of compensation benefits through the use of an "administrative services only arrangement"(ASO)

c) payment of compensation benefits through an insured arrangemend) payment of compensation benefits through a trust

Position TAKEN:

1) That portion of the payment received by an employee pursuant to the employer's obligation to provide such compensation, would be considered to be "compensation received under an employee's ... compensation law of Canada ... in respect of an injury ..." for purposes of the application of paragraph 56(1)(v) and subparagraph 110(1)(f)(ii) of the Act. The amount of the payment to an employee who is absent from work due to work-related illness or injury which would qualify as compensation pursuant to paragraph 56(1)(v) and subparagraph 110(1)(f)(ii) of the Act is the amount the employer would be obligated to pay as stipulated in paragraph 239.1(2) of the CLC. The CLC provides for payment of wage replacement payable at an equivalent rate to that provided for under the applicable workers' compensation legislation in the employees' province of permanent residence.

2) a) The amount paid to the employee which is equivalent to the amount he would be entitled to under the applicable provincial
worker's compensation would be compensation for the purposes of paragraph 56(1)(v) and subparagraph 110(1)(f)(ii). This amount should be reported on form T5007 by the employer. Any excess amount ("top-up") is taxable as salary or wages and is to be reported on the T4.

b&c) The amount paid to the employee by an insurance company under an ASO or insured arrangement which is equivalent to the
applicable workers' compensation benefit should be reported as compensation on form T5007 by the insurance company. If the insurance company pays the employee a top-up amount, the insurance company should issue a T4A to the employee for this amount. If the employer pays a top-up amount to the employee directly, the amount should be reported as salary and wages on
the T4.

d) If an employer has an existing group sickness or accident insurance plan administered through a health and welfare trust
which is already providing the coverage legislated by the CLC, the compensation can be paid out of the existing plan and would
not put the health and welfare trust offside. However, if the employer now establishes a trust to administer a group sickness
or accident insurance plan out of which the compensation will be paid, or amends an existing plan within a health and welfare
trust which does not currently provide the work-related compensation coverage, the basic criteria outlined in IT-85R2 would not be met.

A trust, that does not qualify as a health and welfare trust, which is established for the sole purpose of providing these compensation payments would not be considered an employee benefit plan pursuant to proposed Regulation 6800(b) of the Regulations.

The trust arrangement would also not be considered an "employee trust" as defined in subsection 248(1) of the Act given that the
payment would not meet the criteria contained in paragraph (a) of the definition.

DOCF Part I.3 Tax - Deferred Revenue

July 20, 1995

MEMORANDUM TO FILE Financial Institutions
Section
951794

PART 1.3 - TAX ON LARGE CORPORATIONS & DEFERRED REVENUE - NON FINANCIAL INSTITUTIONS

The following sets out the Department's position for purposes of Part 1.3 tax with respect to deferred revenue recorded on the balance sheet of a corporation. Such deferred revenue may be recorded to reflect cash advances received in respect of either
earned or unearned revenue, unrealized foreign exchange gains and losses, advance billings, or other accounting adjustments.

DEFERRED REVENUE REPRESENTED BY CASH

Where the deferred revenue is represented by cash we are of the view that it is an advance which is included in capital pursuant to paragraph 181.2(3)(c) of the Income Tax Act ("Act").

DEFERRED REVENUE NOT REPRESENTED BY CASH

We note that deferred revenue not represented by cash may or may not be included in the capital of a corporation either as an "other surplus" or as a "reserve" pursuant to paragraph 181.2(3)(a) or (b) of the Act respectively. This determination can only be made upon review of the particular facts of a specific situation.

We are also of the view that when dealing with unearned income which is reflected in the balance sheet as a deferred revenue
account, such as income that is required to be reported in the balance sheet for regulatory purposes in advance of being earned
or billed, the deferred revenue amount would not be included in the capital of the corporation. In our view as such amounts have not been earned at balance sheet date there is no basis to treat them as either "reserves" or "other surpluses".

UNREALIZED FOREIGN EXCHANGE GAINS OR LOSSES

We note that new measures were introduced in the April 1995 technical bill to deal with the issue of the unrealized foreign exchange gains or losses and Part 1.3 tax. Such gains and losses may be required to be deferred under generally accepted accounting principles. The deferred unrealized foreign exchange gains will be specifically included in the capital of the
corporation pursuant to proposed paragraph 181.2(3)(b.1) of the Act and the deferred unrealized foreign exchange losses will be
specifically deducted from a corporation's capital pursuant to proposed paragraph 181.2(3)(k) of the Act. An amendment to paragraph 181.2(3)(g) of the Act will provide a similar treatment of a corporation's share of any deferred unrealized foreign
exchange gains and losses of a partnership of which it is a member. These proposed measures are to be applicable with respect to 1995 and subsequent taxation years.

It has been the Department's position, prior to these proposed amendments, to consider that the unrealized foreign exchange
gains were included in the capital of a corporation either as "other surpluses" or as "reserves" but that there was no provision in the Act permitting an adjustment to take into account unrealized deferred foreign exchange losses for purposes of Part 1.3 tax since they do not represent a deficit deducted in computing the shareholders' equity pursuant to paragraph 181.2(3)(i) of the Act. We were of the view that a technical amendment to the Act was required to correct this anomaly and the above proposed measures will correct the anomaly with respect to the unrealized foreign exchange losses.

XXXXXXXXXX

ADVANCE BILLINGS

A corporation may bill its customers in advance of services to be rendered in the coming year and the bills may remain unpaid at year-end. The question usually raised in respect of such billings is whether or not the deferred revenue account has to be taken into account in computing the capital of a corporation. A review of the specific facts including the basis on which an amount in respect of advance billings is reflected in the balance sheet would be necessary to determine whether this amount would be included in capital by virtue of paragraph 181.2(3)(a) and/or (b) of the Act as an "other surplus" or as a "reserve". Unless it can be argued that the deferred revenue account represents earned revenue we are of the view that it would generally not be included in the capital of the corporation.

UNFUNDED PENSION LIABILITIES & UNFUNDED HEALTH & WELFARE PLANS

We refer to document 951517 for a discussion on this issue.

RATIONALE

Department's Rationale for including a deferred revenue amount in the capital of a corporation either as a "reserve" or as an "other surplus" is as follows:

The definition of "reserves" in subsection 181(1) of the Act certainly allows us to take a broad view as to what could be included therein. The broad definition of "reserves" in subsection 181(1) of the Act extends the concept of reserve beyond the accounting meaning. In our view the deferral for accounting purposes of earned income, realized amounts or amounts that have accrued but are unrealized constitutes a provision or allowance that is required to be included in the capital of a corporation except to the extent such reserves were deducted in computing its income under Part I.

We are also of the view that a reasonable argument can be made that such amounts could be included in the capital of a
corporation as "other surpluses" pursuant to paragraph 181.2(3)(a) of the Act. Where the deferred revenue amount represents earned revenue, realized amounts or amounts that have accrued but are unrealized we are of the view that it may constitute an "other surplus" referred to in that paragraph. The basis for this position is generally that the deferred revenue or gains even if unrealized represent part of the capital and assets of the corporation at balance sheet date and as such constitute "other surpluses" of the corporation.

DOCE Medical Expenses - House Renovations

Principal Issues:

Whether the reasonable costs of constructing an addition to the house to accommodate the needs of a wheelchair bound spouse are deductible as a medical expense under paragraph 118.2(2)(l.2) of the Act.

Position TAKEN:

Yes.

Reasons FOR POSITION TAKEN:

The expense was laid out to allow the patient to be functional within the dwelling.

June 8, 1995

XXXXXXXXXX Tax Services HEADQUARTERS
Attention: XXXXXXXXXX J.A. Szeszycki
Audit Services (613) 957-8953

950228

Home Renovations and Additions
As Medical Expenses

This is in reply to your memorandum of January 20, 1995 in which you requested our views on the acceptability, as a medical
expense under the provisions of subsection 118.2(2) of the Income Tax Act (the Act), of costs incurred by a taxpayer in building an
addition to his home to accommodate the special needs resulting from confinement to a wheelchair. We apologize for the delay in providing you with a response.

Our understanding of the circumstances, as represented in the taxpayer's letter of November 15, 1994, are that the taxpayer's
wife became paralysed in 1992 resulting from a condition known as osteo mylitis. The taxpayer himself is suffering from the ongoing effects of multiple sclerosis that have occasionally confined him to a wheelchair as well. As a consequence of his wife's special needs, it became clear to the taxpayer that in order to continue to reside in their home modifications would have to be made to accommodate those needs.

In addition to the expected renovations that permit persons in wheelchairs to be functional within their homes, such as the
widening of doorways or the installation of ramps, it was concluded that the space within the rooms of the house was
inadequate to accommodate the special equipment needs of the patient. The taxpayer opted to build an addition to his house that would add 800 square feet (20 ft. X 40 ft.) of space to the house, providing his wife with a larger bedroom and kitchen.

You have made reference to an opinion that was issued by this Directorate in 1991 with respect to a case that has many similarities to the case at hand. In that opinion we had stated our view that the word "modifications", as found in subparagraph
118.2(2)(l.2) of the Act prior to its amendment in 1994, did not include additions to a home, nor was it intended to include such
additions. As you noted, we had indicated within that opinion that had the words in the provision been "alterations" or "renovations" we would have to recognize a strong argument in favour of accepting the claim of a house addition as a medical
expense where all the other basic criteria of section 118.2 of the Act are met. The 1994 amendment to the medical expense credit provision did in fact incorporate the phrase "alterations and renovations" in place of "modifications", an amendment which
has effect with respect to expenses incurred after 1990.

For your information, the case which was the subject of the 1991 opinion was eventually appealed and, with the support of a legal
opinion on the interpretation of the use of the word "modification" in this context, the claim in respect of the cost of the addition to the house was (re)considered to be acceptable as a medical expense. In this case, therefore, to the extent that the addition to the house was considered necessary in order for the patient to be mobile and functional within the dwelling, reasonable costs incurred to construct the addition would be eligible for the medical expense tax credit.

P.D. Fuoco
Section Chief
Personal and General Section
Business and General Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch

June 7, 1995

VANCOUVER TAX SERVICES HEADQUARTERS
Audit Division A. Humenuk
957-8953
Attention: George Press
941301

Emergency Homes and Bed Reservation Fees
XXXXXXXXXX

We are replying to the memorandum from J.E. Thatcher of your Division dated May 12, 1994 concerning the issue of whether the
payment from the British Columbia Ministry of Social Services (the Ministry) to the above noted taxpayer is exempt from income by reason of paragraph 81(1)(h) of the Act. We apologize for the delay in our response.

XXXXXXXXXX operates an emergency home in her principal of residence. She is under a contract with the Ministry to provide emergency care for up to four children in her home for an annual fee ($XXXXXXXXXX in 1992). The children typically stay in her home for one to three days and in 1992 there were 170 days during which no children were placed in her home.

You have asked whether such payments are to be excluded from income by reason of paragraph 81(1)(h) of the Act and whether XXXXXXXXXX could be considered a foster parent. You also ask for clarification on the taxation of payments made by XXXXXXXXXX to individuals assisting her in her home with the care of the children.

As the term "foster parent" or "foster child" is not found in the legislation, it is our view that the second issue raised is not
necessarily relevant for the purpose of determining whether the amount should be excluded from income. As indicated in your submission, the explanatory notes released by the Department of Finance in July 1990 concerning the introduction of paragraph
81(1)(h) of the Act clearly state that bed reservation fees for foster children are to be excluded from income by reason of this provision. This is accomplished by the use of the word "ordinarily" and subparagraph 81(1)(h)(ii) of the Act. Paragraph 81(1)(h) of the Act excludes from income, social assistance payments which are received by a person other than the individual in need where such payment is

(i) ordinarily made on the basis of a means, needs or income test under a program provided for by an Act of Parliament or a law of a province, to the extent that it is received directly or indirectly by the taxpayer for the benefit of another individual (other than the taxpayer's spouse or a person who is related to the taxpayer or to the taxpayer's spouse), if ...

(ii) the other individual resides in the taxpayer's principal place of residence, or the taxpayer's principal place of residence is maintained for use as the residence of that other individual, throughout the period ..." (underlining added)

While the fees paid to XXXXXXXXXX do not, at first glance, have the appearance of "social assistance payments", payments by the
Ministry for the care of foster children or severely disabled adults who cannot care for themselves can be considered social
assistance payments as they are paid under the authority of the relevant Provincial Act (in British Columbia, the Guaranteed
Available Income for Need Act). The basis upon which the Ministry makes payments to a foster parent or caregiver of a disabled adult is that the foster child or disabled adult qualifies for social assistance under the criteria set up in the relevant provincial legislation. In the case of an emergency home, the purpose of the fee (to provide social assistance to a foster child in need) is the same even though the payment is made regardless of whether or not a child is placed in the home.

Thus, a bed reservation fee can be seen as an amount which would ordinarily be made on the basis of a means, needs or income test if the child were present in the home. We have confirmed with the Department of Finance that it is within tax policy to exempt the type of payment received by XXXXXXXXXX for the operation of her emergency home from income.

With respect to the issue of payments by an emergency home operator to an assistant, it is our view that such payment would
ordinarily be considered employment income to the assistant and would not be excluded from the assistant's income by reason of paragraph 81(1)(h) of the Act. For further clarification as to whether a particular assistant is under a "contract of service" or a "contract for services", we refer you to the CPP-UI rulings section of your office.

As requested, we are returning the binder of information submitted with your request.

P.D. Fuoco
Section Chief
Personal and General Section
Business and General Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch

c.c. Legislative Policy Division

DOCM

INCOME TAX RULINGS AND INTERPRETATIONS DIRECTORATE

MANDATE

The primary role of the Income Tax Rulings and Interpretations Directorate is to interpret the provisions of the Income Tax Act
and related statutes, to establish Revenue Canada's interpretative policy relating to this statute and to ensure that this policy is
both applied throughout Revenue Canada and provided to external clients in a consistent manner. In this regard, the Directorate is
mandated to provide:

Major Lines of Business

October 31, 2018 advance income tax rulings directly to clients in the private sector (for a fee) in respect of proposed business
transactions;

October 31, 2018 written and verbal technical interpretations to tax practitioners and the public on income tax matters;

October 31, 2018 technical advice and support to field offices, headquarters areas, and other departments and governments; and

October 31, 2018 specialized technical assistance, when requested, to the Department of Finance with respect to the formulation of new income tax legislation.

These activities will, through the provision of accurate and consistent interpretations, foster a high degree of public confidence and encourage self-assessment compliance.

DOCN

INCOME TAX RULINGS AND

INTERPRETATIONS DIRECTORATE

MAILING ADDRESS

AND COURIER SERVICE:

25 NICHOLAS STREET

15TH FLOOR, ALBION TOWER

OTTAWA, ONTARIO

K1A 0L8

TAX SERVICES OFFICES HOTLINE: (613)957-8964

GENERAL ENQUIRY: (613)957-8953

FAX NUMBER: (613) 957-2088

SECURE FAX NUMBER: (613) 957-8946

DOCP

INCOME TAX RULINGS & INTERPRETATIONS DIRECTORATE
REVISED December 12, 1995

TECHNOLOGY SECTION

Roy C. Shultis Peggy O'Reilley
A/Director General 957-2132 ITS Man. 952-9832
Lyne Charlebois, Terry Mallory
Adm Sup.Officer 957-2131 P. Leader 957-2110

Micheline Régimbald, Diane Lefebvre
Adm Officer 952-8108 Admin. 954-0649
James Kingsley Nguyen CAO
Receptionist 957-8953 Analysist 957-2109
Maxine Bell
(10th Mac) 952-5804
INVENTORY UNIT Debbie Couture 957-2142
Céline Garneau 952-5398
Sylvie Daoust 957-8958

ACCESS TO INFORMATION

Shirley Sarrazin 957-2137
Jackie Page 957-0682

FINANCIAL INDUSTRIES DIVISION BUSINESS AND GENERAL DIVISION

Brian Darling, Bryan Dath,
Director 957-9767 Director 957-2089
C. Lebel, D. Hooley,

A/Div Sup.Clerk 957-8586 Div. Sup. Clerk 957-2090

FINANCIAL INSTITUTIONS SECTION SECTION DES PARTICULIERS
ET DES ENTREPRISES DE
SERVICE

Lee Workman, Chief 957-3497 Maurice Bisson,
Jenie Leigh 952-1505 Chief 957-2099
Gary Donell 957-3496 Sylvie Labarre 957-2121
Michèle Trotier 957-3494 Phil Diguer 957-2130
Michael Cooke 957-3498 D. Bouffard

LEASING & FINANCING SECTION BUSINESS & PROPERTY INCOME
AND EXEMPT ORGANIZATIONS
SECTION

Wayne Douglas, Chief 957-8957 Roberta Albert,
A/Chief 957-2100
Fiona Francis 957-8971 Murray Brake 957-2133
Peter Dunn 957-2747 John Brooks 957-2103
Steve Tevlin 957-2746 Bill Guglich 957-2102
Claude Tremblay 957-2744 Carole Chouinard 957-2098
Mary Pat Baldwin 957-2745 Bill Kerr 957-2139
Les Barrows 952-1361
Milled Azzi 957-8972

DEFERRED INCOME PLANS SECTION PERSONAL & GENERAL SECTION

Paul Fuoco, Chief 957-2141
Wayne Harding 957-9769 Danielle Zion 957-2140
David Duff 957-8968 Marv Eisner 957-2138
Patricia Spice 952-8984 Annemarie Humenuk 957-2134
Mickey Sarazin 957-3499 Jack Szeszycki 957-2135
Frank Gillman 952-9853 Sandra Short 957-2136

SECTION DE FINANCEMENT,
LOCATION ET DES RÉGIMES

Jean-Guy Aubé, Chief 957-8963
Ghislain Martineau 957-8962
Maureen-Shea-
DesRosiers 957-8961
Adèle St-Amour 952-1764
Louise Roy 957-2092

MANUFACTURING INDUSTRIES, REORGANIZATIONS AND
PARTNERSHIPS AND TRUSTS DIVISION FOREIGN DIVISION

R. Biscaro, Mike Hiltz,
Director 957-8970 Director 957-2113
Celine Charbonneau Nicole Murdock,

A/Div.Sup.Clerk 957-8969 Div.Sup.Clerk 957-2112

MERCHANDISING, MANUFACTURING CORPORATE REORGANIZATIONS
PARTNERSHIPS SECTION SECTION 1

Dave Holtz, Chief 957-3493 Mark Symes, Chief 957-2091
Cal Brown 957-8980 Marc Ton-That 957-2093
Frank Fontaine 957-4364 Jorge Teixeira 957-2095
Allan Nelson 957-9768 Dave Palamar 957-2127
James Thompson 957-8954 Dan Yuen 957-8967

SECTION DES INDUSTRIES FOREIGN SECTION
MANUFACTURIERES,SOCIÉTÉS
ET FIDUCIES

Marc Vanasse, A/Chief 957-8978 Ken Major, Chief 957-2124
Alain Marchand 957-8981 Olli Laurikainen 957-2116
Johanne Desparois 957-8982 Greg Middleton 957-2122
Michel Lambert 957-2097 Simon Leung 957-2115
David Senécal 957-9796
Jane Stalker 957-2118

RESOURCE INDUSTRIES SECTION SECTION II DES RÉORGANISATION
DES CORPORATIONS

John Chan, A/Chief 957-8976 Alain Godin, Chief 957-2128
Al Cameron 957-8975 Marc Séguin 957-2129
Peter Lee 957-8977 Carole Pronovost 957-2126
Art Seidel 957-8974 Robert Gagnon 957-2108
Denise Dalphy 957-9231

TRUSTS SECTION CORPORATE REORGANIZATIONS
111 SECTION

Theresa Murphy, A/Chief 957-8283 Ted Harris, Chief 957-2114
Catherine Bowen 957-8585 Jim Wilson 957-2123
Gord Kauppinen 957-4363 Tim Kuss 957-2117
Lena Holloway 957-2104 V. Plant 957-2119

TECHNICAL PUBLICATIONS DIVISION - 1373
DIVISION DES PUBLICATIONS TECHNIQUES - 1373

Acting Director Secretary
John Oulton 957-2049 Suzanne Ethier 957-2050

SECTION 56 SECTION 57

A/Chief A/Chief
Tim Bryant 957-2052 Paul Lynch 957-8973
Fay Bisaillon 952-1361 Bruce Rankin 952-3606
Gwen Moore 952-1506 George Keable 957-2046
Rick Primeau 957-2060 Roxanne Brazeau
Jim McFarlane 957-2087 -Leblond 957-2058
Ron Lefebvre 957-2057

SECTION 58

Bill McCcColm 957-9226
Chief
Ed Campbell 957-2053
Martine Filiatrault 952-5803
Sandy Parnanzone 957-9232
Kevin Donnelly 957-2082
Jacques Grisé 957-2059
Ghislaine Landry 957-9229