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.
| |
September 14, 1989 |
| Mr. Keith Hillier |
Provincial and International |
| Acting Director |
Relations Division |
| Non-Resident Taxation Division |
J. Wilson |
| |
957-2063 |
| Attention: Joanne Sluzar |
| |
HBW 9412-1 |
Information Circular 72-17R3 Sovereign Immunity
As requested by Joanne Sluzar in a meeting with our division on June 14, 1989, we have prepared a paragraph concerning sovereign immunity to be considered for inclusion during the revision of information Circular 72-17R3. If you have any questions or suggestions regarding the draft below, please call Jim Wilson at 957-2063.
General Comments
Sovereign Immunity
Under the Doctrine of Sovereign Immunity, the Government of Canada may grant exemption from tax on certain Canadian-source investment income paid or credited to the government of a foreign country. Capital gains on the disposition of taxable Canadian property may be eligible for this exemption, subject to the conditions described in paragraph 47 of Information Circular 77-16R3. Where the vendor of taxable Canadian property is a foreign government, written authorization not to pay tax in accordance with subsection 116(5) may be given to the purchaser upon request after substantiation that the property is in fact wholly-owned by that government. The request should be forwarded to:
Revenue Canada, Taxation 875 Heron Road Ottawa, Ontario K1A 0L8
Attention: Provincial and International Relations Division
C. SavageA/DirectorProvincial and InternationalRelations Division
JW/jb(Sovereign)
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, 1989
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, 1989
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