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: Whether inclusion of Brother as beneficiary of the Trust will affect the 55(3)(b) ruling given in 2013-049895?
Position: No.
Reasons: It will not result in a transaction or event described in paragraph 55(3.1)(b).
XXXXXXXXXX
2014-052097
XXXXXXXXXX, 2014
Dear XXXXXXXXXX:
Re: XXXXXXXXXX
Supplementary Advance Income Tax Ruling
This is in reply to your email message of XXXXXXXXXX in which you requested that paragraph 9 of the proposed transactions described in advance income tax ruling 2013-049895 dated XXXXXXXXXX, 2014 (the "Ruling Letter") be amended to include Brother as a beneficiary of the Trust.
The first sentence of Paragraph 9 of the Ruling Letter is deleted and replaced by the following:
A trust (the "Trust") will be established for the benefit of Brother, Brother's Wife, Child1, Child2, any unborn issue of Brother and Brother's Wife and, for greater certainty, the estate of any deceased beneficiary.
We hereby confirm that, subject to the conditions, limitations, qualifications and comments set out in the Ruling Letter, the rulings given in the Ruling Letter will continue to be binding on the Canada Revenue Agency provided that the proposed transactions described therein, as amended by this letter, are completed by XXXXXXXXXX.
Yours truly,
XXXXXXXXXX
for Division Director
Reorganizations Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs Branch
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