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.
J. Gibbons
XXXXXXXXXX 5-980156
Attention: XXXXXXXXXX
March 19, 1998
Dear XXXXXXXXXX:
We are replying to your letter of January 8, 1998, in which you inquire whether the phrase “stable equipment” in class 10 of Schedule II of the Income Tax Regulations (the “Regulations”) relates only to horses or whether it can apply equally to other types of livestock.
Written confirmation of the tax implications inherent in particular transactions are given by this Directorate only where the transactions are proposed and are the subject matter of an advance ruling request submitted in the manner set out in Information Circular 70-6R3. The following comments are, therefore, of a general nature only.
The word “stable” is not defined in the Income Tax Act nor the Regulations and must, therefore, be interpreted in the context of its ordinary meaning. In this regard, we used The Oxford Concise Dictionary (eight edition) as a reference. In addition, since “stable” is part of the phrase “harness or stable equipment,” according to the doctrine of Noscitur a sociis, the meaning of “stable” is influenced by the word “harness”, and vice versa, so that, when taken together, the meanings of each of the terms provides a better understanding of the whole. In this respect, these terms suggest a connection to horses.
Accordingly, it is our view that, in this context, a “stable” means “a building set apart and adapted for keeping horses.” Therefore, the phrase “stable equipment” refers only to equipment which is used in connection with a stable for horses.
We trust that these comments will be of assistance.
Yours truly,
P. Spice
for Director
Business and Publications Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
.
.../cont’d
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