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.
942701
XXXXXXXXXX David R. Senécal
Attention: XXXXXXXXXX
August 30, 1995
Dear Sirs:
Re: Proposed Protocol to Canada-U.S. Income Tax Convention
This is in reply to your letter of October 17, 1994, wherein you request our opinion as to the applicability of the provisions of paragraph 2 of Article 17 of the proposed amending Protocol to the Canada-U.S. Income Tax Convention (the "Protocol") to a Canadian resident who is an income beneficiary of a "Qualified Subchapter S Trust" as defined in subsection 1361(3) of the U.S. Internal Revenue Code. We apologize for the delay in responding to your enquiry. However, we thought it advisable to refer the matter to officials at the Department of Finance so that the issue could be discussed with officials of the U.S. Treasury Department.
We have now been informed that the matter has been discussed with U.S. officials and unfortunately, a decision was made not to amend paragraph 2 of Article 17 of the Protocol to cover Qualified Subchapter S Trusts.
We trust that the above comments will be of assistance to you.
Yours truly,
for Director
Reorganizations and Foreign Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1995
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, 1995