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.
| 19(1) |
File No. 5-8887 |
| |
R.C. O'Byrne |
| |
(613) 957-2126 |
February 23, 1990
Dear Sirs:
Re: Subsection 126(2) of the Income Tax Act (the "Act") and Interpretation Bulletin IT-183 ("IT-183")
This is in reply to your letter of October 13, 1989 regarding the above-referenced subjects.
In our opinion a Canadian resident taxpayer who is a member of a partnership which carries on a business in a foreign country would be considered to be carrying on that business in that foreign country and would be entitled to claim his share of the partnership business-income tax paid as a foreign tax credit pursuant to subsection 126(2) of the Act.
We trust this will be of assistance to you.
Yours truly,
for DirectorReorganizations and Non-Resident DivisionSpecialty Rulings DirectorateLegislative and Intergovernmental Affairs Branch
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