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 1-962964
XXXXXXXXXX
Attention: XXXXXXXXXX
XXXXXXXXXX, 1996
Dear Sirs:
Re:XXXXXXXXXX
Advance Income Tax Ruling 3-953297-XXXXXXXXXX, 1996 (the "Ruling")
This is in reply to your letter of XXXXXXXXXX wherein you advised us of certain changes to the facts and proposed transactions described in the Ruling. In this regard, the following amendments are hereby made to the Ruling:
1.The sentence in paragraph 4 of the Ruling stating, "The par value and PUC of the common shares is $XXXXXXXXXX per share." is deleted and replaced with the sentence, "The common shares have no par value and a PUC of $XXXXXXXXXX per share."
2.The second sentence in paragraph 9 of the Ruling is deleted and replaced with the sentence, "The shares of each class will have no par value."
3.The last sentence in paragraph 10 of the Ruling is deleted and replaced with the sentence, "The PUC of each newly created share issued to each of the XXXXXXXXXX shareholders will be $XXXXXXXXXX"
Yours truly,
for Director
Reorganizations and International Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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© Her Majesty the Queen in Right of Canada, 1995
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© Sa Majesté la Reine du Chef du Canada, 1995
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