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 970638
XXXXXXXXXX
Attention: XXXXXXXXXX
XXXXXXXXXX, 1997
Dear Sirs:
Re: XXXXXXXXXX
Advance Income Tax Ruling 970433, dated XXXXXXXXXX, 1997
This is in reply to this morning's telephone request that we reconsider the wording of ruling B described in the above-referenced Advance Income Tax Ruling (hereinafter referred to as the "Ruling Letter").
The defined terms used in this letter have the meaning assigned to them in the Ruling Letter.
The Ruling Letter is hereby amended as follows:
1. The references to "Arm's Length Employees" in ruling B are deleted and replaced by "Key Employees".
2. The reference to "Arm's Length Employees" in ruling C is deleted and replaced by "Key Employees".
Notwithstanding the above changes, we confirm that, subject to the conditions set out therein, the rulings given in the Ruling Letter, as amended herein, will continue to binding on the Department in accordance with the practice outlined in Information Circular 70-6R3, dated December 30, 1996, provided that the proposed transactions described in the Ruling Letter are implemented within six months of the date of the Ruling Letter.
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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© Sa Majesté la Reine du Chef du Canada, 1996
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