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.
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24(1) |
| 24(1) |
5-9478 |
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O. Laurikainen |
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(613) 957-2129 |
Attention: 19(1)
August 24, 1990
Dear Sirs:
Re: Subparagraph 95(2)(a)(ii) of the Income Tax Act (the "Act")
This is in response to your letter of January 24, 1990.
Provided an amount paid or payable to a foreign affiliate ("FA1") of a taxpayer by another foreign affiliate ("FA2") of a taxpayer is deductible in computing the amount prescribed to be FA2's earnings or loss from an active business other than a business carried on in Canada, it is our view such an amount would be included in the computation of FA1's income from an active business pursuant to subparagraph 95(2)(a)(ii) of the Act.
We trust this is the information you require.
Yours truly,
for DirectorReorganizations and Non-Resident DivisionRulings DirectorateLegislative and IntergovernmentalAffairs Branch
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© Her Majesty the Queen in Right of Canada, 1990
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1990
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