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.
| |
July 4, 1989 |
| TORONTO DISTRICT OFFICE |
HEAD OFFICE |
| Estates & Trusts |
Rulings Directorate |
| |
Financial Industries Division |
| |
F. Francis |
| |
957-3596 |
SUBJECT: 24(1) Employee Benefit Plan (the "Plan") 24(1)
Please find attached a letter from 24(1) in respect of the above-noted Plan.
It is our understanding that there is a dispute between 24(1)
In our opinion, the income earned on the funds in the suspense account should be included in the income of the Plan for the year pursuant to subsection 32.1(3) of the Income Tax Act.
However, since this issue is in respect of a completed transaction, we are submitting the matter for your consideration and reply.
for Director Financial Industries Division Rulings Directorate
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, 1989
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, 1989
Email this Content