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.
Toronto District Office Rulings Directorate
Business Audit O. Laurikainen
(613) 957-2129
Attention: Bill Yeates
7-4630
Subject: 24(1) Certificate of Exemption
This is in response to your memorandum of January 4, 1990.
We have reviewed the information submitted to the Registrations Directorate by the representatives of 24(1) with their application for a certificate of exemption under subsection 212(14) of the Act. 24(1) The wording of subparagraph 212(14)(c)(ii) is very broad. If a corporation can show that it was established or incorporated principally in connection with, or to administer or provide benefits under one or more superannuation, pension or retirement funds or plans or any funds or plans established to provide employee benefits, it will qualify for a certificate of exemption provided it can also satisfactorily establish that it meets the requirements of paragraphs 212(14)(a) and (b). 21(1)(b)
for Director Reorganization and Non-Resident Division Rulings Directorate Legislative and Intergovernmental Affairs Branch
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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