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.
March 13, 1989
Provincial & International Relations Division
Financial Industries Division M.M. Trotier 957-8953
SUBJECT: Canada-United Kingdom Income Tax Convention (1978) ("Treaty")
We recently received a request for Competent Authority pursuant to Article 23 of the Treaty from XXXX which we are forwarding to you for your responsej.
XXX
While the second situation also appears to be similar it would seem appropriate to obtain information concerning the nature of the businesses carried on by the other subsidiaries including the source of funds.
Finally we are somewhat concerned as to the reason why XXXX is not satisfied that our January 19 response covers the above situations and more particularly why they are concerned that the above may constitute taking undue advantage of the position stated therein.
We would appreciate if you could provide us with a copy of your reply to the Bank.
Chief Financial Institution Section Financial Industries Division Rulings Directorate
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© Her Majesty the Queen in Right of Canada, 1989
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© Sa Majesté la Reine du Chef du Canada, 1989
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