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.
XXXXXXXXXX
3-960378
XXXXXXXXXX
Attention: XXXXXXXXXX
XXXXXXXXXX, 1996
Dear Sir:
Re: XXXXXXXXXX
Advance Income Tax Ruling
This is in reply to your letter of XXXXXXXXXX in which you requested an advance income tax ruling on behalf of XXXXXXXXXX with respect to the proposed transactions described below.
To the best of your knowledge and that of your clients, none of the issues involved in this ruling is being considered by a District Office or a Taxation Centre in connection with any tax return already filed and none of such issues is under objection.
FACTS
XXXXXXXXXX
PURPOSE OF PROPOSED TRANSACTIONS
39.The purpose of the proposed transactions is to provide funding for the activities and operations XXXXXXXXXX.
RULINGS
Provided that the preceding statements constitute a complete and accurate disclosure of all of the relevant facts, proposed transactions, and purpose of the proposed transactions, and the proposed transactions are completed as described above, our rulings are as follows:
A.An individual making a gift to XXXXXXXXXX as described in paragraphs 36 and 37 above will, subject to subsection 118.1(2) of the Act, be entitled to include the amount of the gift in "total charitable gifts", within the meaning of subsection 118.1(1) of the Act, provided official receipts containing prescribed information are filed as required by subsection 118.1(2) of the Act.
B.A corporation making a gift to XXXXXXXXXX as described in paragraphs 36 and 37 above will, subject to subsection 110.1(2) of the Act, qualify for a deduction in the amount of the gift under paragraph 110.1(1)(a) of the Act, provided official receipts containing prescribed information are filed as required by subsection 110.1(2) of the Act.
C.XXXXXXXXXX may issue an official receipt within the meaning of section 3501 of the Income Tax Regulations, to a donor, for a gift described in rulings A and B above.
These rulings are subject to the limitations and qualifications set out in Information Circular 70-6R2 dated September 28, 1990, and are binding on the Department with respect to receipts issued for donations made to XXXXXXXXXX by XXXXXXXXXX.
XXXXXXXXXX
Our rulings are based on the Act in its present form and do not take into consideration any proposed amendments to the Act.
Yours truly,
R. Albert
for Director
Business and General Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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