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.
| |
February 13, 1990 |
| Mr. M.A. Hiltz |
Provincial and International |
| Director |
Relations Division |
| Re-Organizations and Non-Resident |
J. Wilson |
| Division |
957-2063 |
| Attention: Ken Major |
| Chief Foreign Section |
HBW 9412-2-1 |
PRIVILEGES AND IMMUNITIES (INTERNATIONAL ORGANIZATIONS) ACT
We are writing in regard to an interpretation of the above-noted Act.
Where the Governor-in-Council, by order, has allowed an international organization to have the privileges and immunities set forth in Article II of the Convention on the Privileges andImmunities of the United Nations, section 7 thereof exempts its assets, income and other property from all direct taxes in Canada. We request your views concerning the tax status of these organization's staff retirement funds.
We are of the opinion that the staff retirement funds (i.e. pension plans) are not exempt (ignoring article XXI of the Canada-U.S. Tax Treaty and subsection 212(14) of the Income Tax Act for the following reasons.
24(1)
We have received an exemption request from the 24(1) However, similar queries concerning other international organization staff pension plans have been received in the past. Any comments you may have would be appreciated.
If we can be of assistance, please do not hesitate to contact us.
21(1)(b)
C. SavageA/DirectorProvincial and International Relations Division
JW/sgno5-82/2File copy
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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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