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.
Principal Issues: Minor changes to Ruling 2003-004728
Position: Amended
Reasons: minor changes
XXXXXXXXXX 2004-006446
XXXXXXXXXX, 2004
Dear XXXXXXXXXX:
Re: Supplementary Advance Income Tax Ruling
XXXXXXXXXX
XXXXXXXXXX
Further to your electronic message of XXXXXXXXXX, the following amendments are made to our advance income tax ruling number 2003-004728 (the "Ruling") issued XXXXXXXXXX, 2004 on behalf of the above named corporations.
1. Paragraph 11 is amended by adding the words "or Amalco (as defined in paragraph 13)" directly after the word Target.
2. The penultimate sentence in paragraph 12 is amended by deleting the words "equal to the fair market value" and replacing them with "no greater than the cost amount" after the words "...The principal amount of Loan C will be...".
We confirm that the Ruling, as amended herein, remains binding on the Canada Revenue Agency subject to the same limitations and qualifications set out in the Ruling.
Yours truly,
XXXXXXXXXX
For Director
Financial Industries Division
Income Tax Rulings Directorate
Policy and Planning Branch
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© Her Majesty the Queen in Right of Canada, 2004
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© Sa Majesté la Reine du Chef du Canada, 2004
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