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: Change of facts.
XXXXXXXXXX 2008-026528
Attention: XXXXXXXXXX
XXXXXXXXXX , 2008
Dear Sirs or Madams:
Re: XXXXXXXXXX
XXXXXXXXXX
Request for Supplementary Advance Income Tax Ruling
We are writing in reply to your email of XXXXXXXXXX in which you requested certain changes to the advance income tax ruling 2007-023158 issued on
XXXXXXXXXX , 2008 (the "Original Ruling") on behalf of the above-referenced taxpayers. Capitalized terms used in this letter have the meanings given to them in the Original Ruling.
The Original Ruling is amended as follows:
1. Paragraph (f) of the Definitions is replaced by the following:
"Fonds commun de placement" ("FCP") means, pursuant to Article 5 of the Law of 2002, for the purpose of the application of Part I of the Law of 2002, an undivided collection of transferable securities and other liquid assets enumerated in Article 41 of the Law of 2002, made up and managed according to the principle of risk-spreading on behalf of joint owners whose rights are represented by units intended for placement with the public by means of a public or private offer".
2. The words "under the law of contract" in paragraph 1 under the heading "Facts" are deleted.
We confirm that the rulings given in the Original Ruling, as amended by this letter, will continue to be binding on the Canada Revenue Agency ("CRA") subject to the same limitations and qualification set out therein provided that new investments made by the Fund, including investments in Canadian securities, have commenced before XXXXXXXXXX
Yours truly,
XXXXXXXXXX
Section Manager
for Division Director
International and Trusts Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs Branch
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© Her Majesty the Queen in Right of Canada, 2008
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© Sa Majesté la Reine du Chef du Canada, 2008
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