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.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
XXXXXXXXXX 5-902089
Attention: XXXXXXXXXX
May 30, 1994
Dear Sirs:
Re: Compensatory Allowance, Family Patrimony and Spousal Roll-over
This is in reply to your letter dated December 22, 1989 wherein you asked whether or not the Department considers subsection 70(6) of the Income Tax Act (the "Act") to be applicable to a transfer of a property made to a surviving spouse by the deceased spouse's estate pursuant to the provisions of the Civil Code of Quebec dealing with compensatory allowance and partition of the family patrimony. We apologize for the delay in replying to your request.
As mentioned to you in an interim letter dated August 23, 1990, the Department, with the assistance of its legal counsels, undertook the study of the new provisions of the Civil Code of Quebec. Although that study is not yet fully completed, we can inform you that the Department's position is that subsection 70(6) of the Act is applicable to the transfer of a property to a surviving spouse by the deceased spouse's estate occurring as a consequence of the partition of family patrimony or in lieu of the payment of a compensatory allowance to the extent that all the other conditions of that subsection are met (e.g. the property is a capital property, the property has become vested indefeasibly in the surviving spouse within the period ending 36 months after the death of the deceased spouse, etc.).
We trust these comments will be of assistance to you.
Yours truly,
for Director
Manufacturing Industries,
Partnerships and Trusts Division
Rulings Directorate
Legislative and Intergovernmental
Affairs Branch
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© Her Majesty the Queen in Right of Canada, 1994
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