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: What is the status of the draft Income Tax Technical News on paragraph 95(6)(b)?
Position: On hold
Reasons: Waiting for outcome of appeals before the Tax Court of Canada
TEI / CRA Liaison Meeting
December 6, 2005
Q. 11 - Subsection 95(6) and Tax Avoidance
What is the status of the Draft Technical News on subsection 95(6)?
CRA Response
The CRA continues to view subsection 95(6) as having broad application. Since the 2004 Canadian Tax Foundation Conference, the CRA has been preparing some examples of certain structures where it considers that paragraph 95(6)(b) will apply, and of structures where it considers that paragraph 95(6)(b) will not apply. The CRA intends to publish the examples in an Income Tax Technical News at some future date. Completion of the ITTN has been postponed while we consider the recent Tax Court of Canada decision in Univar Canada Ltd. v. The Queen, and pending the outcome of several other appeals involving foreign financing structures that are before the court.
Sherry Thomson
957-2122
November 23, 2005
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