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
XXXXXXXXXX 992749
XXXXXXXXXX
Attention: XXXXXXXXXX
XXXXXXXXXX, 1999
Dear Sirs:
Re: Advance Tax Ruling 991540
We are writing in response to your letter dated XXXXXXXXXX, wherein you requested certain amendments to advance income tax ruling 991540 dated XXXXXXXXXX, 1999 (the "Ruling").
As a result, the following change is made to the Ruling.
The second sentence in paragraph 21 on page 10 is deleted and replaced by the following:
"The common shares of each Contracting Company will be beneficially or legally owned by
(a) the respective Professional;
(b) a person related to the respective Professional within the meaning of subsection 251(2) of the Act;
(c) a registered charity;
(d) other dependents of the respective Professional;
(e) a person not related to the respective Professional or any other Professional, solely in their capacity as trustee; or
(f) any combination of persons referred to immediately above in paragraphs (a) to (e)."
We confirm that the above change will not otherwise affect the rulings given in the Ruling and they will continue to be binding on the Department as indicated therein.
Yours truly,
XXXXXXXXXX
for Director
Resources, Partnerships and Trusts Division
Income tax Rulings and Interpretations Directorate
Policy and Legislation Branch
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1999
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1999
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