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: what is rct's definition of "treaty co-production twinning arrangement in reg 1106?
Position: pairing of two distinct film or video productions, one domestic one foriegn.
Reasons: discussions with finance.
XXXXXXXXXX 981251
S. Tevlin
Attention: XXXXXXXXXX
July 20, 1998
Dear Sirs:
Re: Interpretation of Draft Regulation 1106
We are writing in response to your letter dated May 14, 1998 wherein you requested our opinion as to how Revenue Canada may interpret the term “treaty co-production twinning arrangement” used in draft paragraph 1106(7)(d) of the Income Tax Act Regulations (the “Regulations”). In this regard we offer the following general comments.
It is our interpretation that for purposes of draft Regulation 1106(7), the term “treaty co-production twinning arrangement” means the pairing of two distinct film or video productions, one of which is a Canadian film or video production and the other of which is a foreign film or video production.
The foregoing comments are given in accordance with the practice referred to in paragraph 22 of Information Circular 70-6R3 dated December 30, 1996 and are not binding on Revenue Canada, Taxation.
Yours truly,
for Director
Resources, Partnerships and
Trusts Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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