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.
| 24(1) |
902708 |
| |
Glen Thornley |
| |
(613) 957-2101 |
| 19(1) |
October 18, 1990
Dear Sirs:
Re: Structured Settlements
This is in reply to your letter of September 28, 1990 and further to our telephone conversation of October 16, 1990 concerning the assignment of ownership question with respect to structured settlements.
As discussed with you on October 16, 1990 we are unable to provide a definitive response to your letter due to a number of unresolved variables raised in your enquiry. Your suggestion, for instance, that insurance companies issue annuities to themselves is a matter that we would have difficulty with, as one cannot pay income to oneself.
As suggested during our telephone conversation, when you have a structured settlement that encompasses some of your suggested changes you may wish to submit it to this office by way of an advance income tax ruling request.
We trust our comments will prove helpful.
Yours truly,
for DirectorBusiness and General DivisionRulings DirectorateLegislative and Intergovernmental Affairs 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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