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.
F.B. Fontaine (613) 957-2140
JAN 25 1988
Dear Sirs: XXXX
Re : Executive Benefit Program
This refers to your letter dated October 8, 1987 requesting our confirmation of the tax treatment with respect to an executive benefit program to be implemented by the XXXX
As this would appear to be a contemplated transaction or transactions, we are unable to provide you with a written opinion on the questions raised in your letter. Accordingly, it is our view that this is a matter which should be considered only by way of an advance income tax ruling.
Information Circular 70-6R entitled Advance Income Tax Rulings (a copy of which is enclosed along with the Special Release thereto) sets out the guidelines concerning a request for an advance income tax ruling in respect of a proposed transaction. Paragraphs 15 and 16 thereof outline the procedures to be followed for requesting an advance ruling. You will note that the request should include a detailed statement of all relevant facts and the specific provisions of the Income Tax Act with respect to which a ruling is sought.
We trust the Information Circular will be of assistance should you decide to proceed with an application for an advance ruling. We also enclose copies of Interpretation Bulletins, IT-502 and IT-428 entitled Employee Benefit Plans and Employee Trusts and Wage Loss Replacement Plans respectively, for your information.
Yours truly,
ORIGINAL SIGNED BY
for Director Small Business and General Division Specialty Rulings Directorate Legislative and Intergovernmental Affairs Branch
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© Her Majesty the Queen in Right of Canada, 1988
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© Sa Majesté la Reine du Chef du Canada, 1988
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