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.
Principal Issues:
Are there any prescribed persons for purposes of 205(g) or 206(1)(g)(v)?
Position:
No
Reasons:
None prescribed to date.
961067
XXXXXXXXXX M.P. Sarazin
Attention: XXXXXXXXXX
April 29, 1996
Dear Sirs:
Re: Prescribed Persons for Part XI
This is in reply to your letter dated March 20, 1996, wherein you requested confirmation that there are no prescribed persons for purposes of paragraph 205(g) of the Income Tax Act (the "Act") of for purposes of the definition of "foreign property" in subparagraph 206(1)(g)(v) of the Act.
Comments
We confirm that to date no regulations have been issued prescribing persons for purposes of paragraph 205(g) of the Act or for purposes of the definition of "foreign property" in subparagraph 206(1)(g)(v) of the Act.
We trust the above comments will be of assistance to you.
Yours truly,
for Director
Financial Industries Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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© Her Majesty the Queen in Right of Canada, 1996
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