CRA clarifies what's in a letter granting exemption from s. 116 withholding on real estate inventory sales

In IC72-17R6, para. 36, CRA states that it will provide a certificate of compliance to a non-resident vendor of land inventory for purposes of s. 116 stating that there is a "qualified business exemption" if it is satisfied that specified conditions are met.  In a recent Technical Interpretation, CRA describes what this certificate (a letter) typically will state, including a direction to the purchaser not to withhold under s. 116.

Neal Armstrong.  Summary of 29 January 2013 T.I. 2012-0470331E5 under s. 116(5.3).