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.
TORONTO DISTRICT OFFICE, HEAD OFFICE
Estates & Trusts Rulings Directorate
Financial Industries Division
F. Francis
957-3596
FILE
EACC 7860
SUBJECT XXX
Employee Benefit Plan (the "Plan") XXX
Please find attached a letter from XXX in respect of the above-noted Plan.
It is our understading that there is a dispute between XXX
In our opinion, the income earned on the funds in the suspense account should be included in the income of the Plan for the year pursuant to subsection 32.1(3) of the Income Tax Act.
However, since this issue is in respect of a completed transaction, we are submitting the matter for your consideration and reply.
for Director
Financial Industries Division
Rulings Directorate
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© Her Majesty the Queen in Right of Canada, 1989
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© Sa Majesté la Reine du Chef du Canada, 1989
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