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.
941323
XXXXXXXXXX T.B. Kuss
Attention: XXXXXXXXXX
October 25, 1994
Dear Sirs:
Re: Overseas Employment Tax Credit
This is in reply to your letter dated February 25, 1994 requesting our views whether certain activities would be considered "qualifying activities" for purposes of the overseas employment tax credit under subsection 122.3(1).
In the situation you have described, the "specified employer" would be in the business of providing computer-based vocational training. In our view such activities would not satisfy the requirements set out in clause 122.3(1)(b)(i)(A) or (B). You have asked whether such activities would be considered a "prescribed activity" referred to in clause 122.3(1)(b)(ii)(C). A "prescribed activity" is an activity that has been prescribed by regulation. To date there are no activities that have been prescribed for purposes of clause 122.3(1)(b)(ii)(C).
We hope our comments are of assistance.
Yours truly,
for Director
Reorganizations and Foreign Division
Rulings Directorate
Policy and Legislation Branch
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