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.
Principal Issues:
Amend the proposed transactions presented in ruling 2001-006488 and in supplemental 2001-007039.
Position: N/A
Reasons: Amendment is not material and it will not affect the rulings given.
XXXXXXXXXX 2001-007183
XXXXXXXXXX, 2001
Dear XXXXXXXXXX:
Re: XXXXXXXXXX
Advance Income Tax Ruling 2001-006488, dated XXXXXXXXXX, 2001
Ruling Supplemental 2001-007039, dated XXXXXXXXXX, 2001
This is in reply to your letter of XXXXXXXXXX, wherein you advised us of an amendment to the proposed transactions described in the above-referenced Advance Income Tax Ruling, as amended by the Ruling Supplemental, (the “Ruling Letter”).
Any reference herein to paragraphs are references to those contained in the Ruling Letter and any defined terms used in this letter have the meanings assigned to them in the Ruling Letter.
The Ruling Letter is hereby amended as follows:
1. The reference to “XXXXXXXXXX” in the last sentence in paragraph 5 of the Ruling Letter is hereby deleted and replaced by “Property”.
2. The references to “XXXXXXXXXX” in paragraph 10 of the Ruling Letter are hereby deleted and replaced by “Property”.
3. The last three sentences of paragraph 10 of the Ruling Letter, which were added by the Ruling Supplemental, are hereby deleted and replaced by the following sentences:
“The Trust will also acquire a leasehold interest in lands XXXXXXXXXX
Notwithstanding the above changes, we confirm that, subject to the conditions set out therein, the rulings given in the Ruling Letters will continue to be binding on the Canada Customs and Revenue Agency in accordance with the practice outlined in Information Circular 70-6R4 dated January 29, 2001, provided that the proposed transactions are completed by XXXXXXXXXX.
Yours truly,
XXXXXXXXXX
for Director
Financial Industries Division
Income Tax Rulings Directorate
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