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.
Position TAKEN:
Cannot determine.
Reasons FOR POSITION TAKEN:
We would require copies of foreign statutes and any other documents pertaining to the creation of that entity.
Tax Executive Institute
1994 Annual Canadian Tax Conference
Question 1
CORPORATE STATUS OF FOREIGN ENTITY
The "Joint Enterprise" is the standard vehicle through which foreigners carry on business in the Confederation of Independent States ("CIS") (formerly Russia). Does Revenue Canada regard the Joint Enterprise as a corporation for purposes of the Income Tax Act ("Act")?
Department's Position
Interpretation Bulletin IT-343R ("bulletin") sets out the Department's criteria on the meaning of the term "corporation" for purposes of paragraph 95(1)(d) of the Act. As pointed out in paragraph 4 of the bulletin, the Department may be consulted in respect of the status of foreign entities not listed in the bulletin.
In order to make a determination of the Joint Enterprises's corporate status for purposes of the Act, the Department would require copies of the relevant foreign statutes and any other documents pertaining to the creation of that entity.
Author: Jim Wilson
File: 941041
Date: April 21, 1994
Applicable Sections: Paragraph 95(1)(d)
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