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.
XXXX G.D. Dixon (613) 995-1178
XXXX
February 16, 1984
Dear Sirs:
This is in reply to your letter of December 7, 1983 wherein you have requested our views with respect to subsections 70(6) and (9.5) of the Income Tax Act.
You have asked whether a trust created as a consequence of a death prior to 1972 would be a spousal trust as described in paragraph 70(6)(b) of the Act for the purposes of subsection 70(9.5) of the Act. We are of the view that if a particular trust meets the description of a spousal trust as contained in paragraph 70(6)(b), such a trust would be the type of trust referred to in the preamble to subsection 70(9.5) of the Act.
Providing all the requirements of subsection 70(9.5) would otherwise be met, the provisions of paragraphs 70(9.5)(c) through (f). as well as the provisions of subsections 70(9.1) and 70(9.3) would apply to trust meeting the description of a spousal trust as contained in paragraph 70(6)(b).
We trust our comments will be of assistance.
Yours truly,
for Director Corporate Rulings Division Legislation Branch
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