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.
July 28th 1989
TO Review Committee FROM Bilingual Services (Specialty) Sean Finn 957-8953
Income Tax Rulings 3-23618
SUBJECT: Income Tax Ruling 24(1) Partition of Property held in undivided ownership under Quebec Civil Law
Following the receipt of a Request for advance Income Tax Rulings in the above-mentioned matter, a memorandum was submitted to the Review Committee on May 19, 1989 dealing with the application of paragraph 54(c) of the Income Tax Act (Canada) (the "Act") to a partition of property between persons holding the property in undivided ownership.
24(1)
In view of our stated position on this matter, it was decided at the meeting of the Review Committee of May 23rd 1989 that a legal opinion should be requested from the Legal Services Branch on the application of paragraph 54(c) of the Act to a partition of property between taxpayers holding property in undivided ownership under Quebec Civil Law, as well as in tenancy-in-common under the Common Law.
I. LEGAL OPINION
23
(2) Trudel, TRAITÉ DE DROIT CIVIL DU QUEBEC, Vol. 12, p. 488; Mignault, DROIT CIVIL CANADIEN, Vol. 8, p. 275-276;
GIRARD v. ROUSSEAU 31 L.C.J. 112.
(3) SURA v. M.N.R. (1961) S.C.R. 65 (S.C.C.); M.N.R. v. ESTATE OF FRANCOIS FAURE 77 DTC 5228 (FCA); GARANT v. THE QUEEN 85 DTC 5408 (F.C.T.D.)
II. RECOMMENDATION
21(1)(a)
As stated in the memorandum to the Review Committee dated May 19, 1989, the taxpayer has requested the following rulings.
24(1)
21(1)(a)
D.Bruffardfor the DirectorBilingual Services & ServicesIndustries DivisionRulings Directorate
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