16 November 1990 Administrative Letter 902926 F - Amount Owing by Canadian Resident to Resident of Foreign Country Where No Tax Treaty

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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)	902926
	G. Arsenault
	(613) 957-2126

19(1)

November 16, 1990

Dear Sir:

This is in reply to your letter dated October 18, 1990 respecting section 78 of the Income Tax Act (the "Act").

In our opinion the filing of an agreement pursuant to paragraph 78(1)(b) of the Act in respect of an unpaid amount owing by a Canadian resident debtor to a non-resident creditor residing in a country with which Canada does not have a tax treaty would not in and of itself result in the non-resident creditor being considered to carry on business in Canada.

The opinion expressed herein is not an advance income tax ruling and, in accordance with paragraph 21 of information Circular No. 70-6R2 dated September 28, 1990, is not considered binding on the Department.

Yours truly,

for DirectorReorganizations and Non-Resident DivisionRulings DirectorateLegislative and IntergovernmentalAffairs Branch

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16 November 1990 Administrative Letter 902926 F - Amount Owing by Canadian Resident to Resident of Foreign Country Where No Tax Treaty

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