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 CCRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ADRC.
Principal Issues:
Change in Make Whole amount from US treasury securities to Government of Canada Bonds
Position TAKEN: Not a relevant change.
Reasons FOR POSITION TAKEN:
Not contrived - commercial reality - beyond control of lender.
XXXXXXXXXX 2002-017938
XXXXXXXXXX, 2002
Dear XXXXXXXXXX,
Re: XXXXXXXXXX
Advance Income Tax Ruling 2002-016727( the "Ruling")
This is in reply to your letter of XXXXXXXXXX, and is supplemental to the Ruling.
Paragraph 21 of the Ruling is amended as follows:
In the last sentence delete the words "U.S. treasury securities" and replace with the words "Government of Canada bonds "
We confirm that the Ruling remains binding on the Canada Customs and Revenue Agency subject to the same limitations and qualifications set out therein.
Yours truly,
XXXXXXXXXX
for Director
Financial Industries Division
Income Tax Rulings Directorate
Policy and Legislation Branch
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© Her Majesty the Queen in Right of Canada, 2002
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© Sa Majesté la Reine du Chef du Canada, 2002
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