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.
We are writing in response to your memo dated January 26, 1988 on the above-referenced matter.
In a meeting with XXX and his client on February 2, 1988 we discussed the interaction of the above provisions of the Act. In our opinion the interaction of the provisions could result in part XIII tax being assessed at the partnership level with no relief available under subsection 227(6) at either the partnership or partner level. We agreed this was not an equitable or satisfactory result.
In our opinion the administrative position your Division has taken in these matters is a reasonable and practical approach to resolve the inequities. However we also informed XXX that it was not within the Ruling Directorates' mandate to give rulings with respect to unpublished administrative practices of the Department.
We indicated that XXX should be satisfied with the comfort provided to him by your Division in its letters dated August 17 and September 2, 1987.
We hope these comments are of assistance.
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1988
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, 1988
Email this Content