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: Supplementary Ruling to file # 2006-021732-Minor change to the "Proposed Trust Declaration
Position: Accept minor change
Reasons: No issues raised as a result of the change.
XXXXXXXXXX 2008-030034
XXXXXXXXXX , 2008
Dear Sir
Re: XXXXXXXXXX
Supplementary Advance Income Tax Ruling
This is in reply to your e-mail of XXXXXXXXXX in which you requested a change to the Proposed Transactions set out in our Advance Tax Ruling dated XXXXXXXXXX , 2008 for the above-noted taxpayers (our file 2006-021732) ("the Ruling"). Consequently, the Ruling is amended as follows.
1. Paragraph 10(d)(i) of the Ruling is replaced with the following:
"Obligations: Under the Existing Trust Declaration, the Manager recommends investments and the Trustee has no liability when acting on the Manager's instructions. Under the Proposed Trust Declaration, the Manager or the Investment Advisor recommends investments and the Trustee has no liability when acting on instructions from the Manager or the Investment Advisor."
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
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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