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.
Principal Issues: Taxpayer seeking time extension and changes to Ruling 2009-035211.
Position: Request for time extension granted. Ruling modified.
Reasons: Changes made in this supplemental do not affect the validity of the ruling given.
XXXXXXXXXX 2010-037280
XXXXXXXXXX , 2010
Dear XXXXXXXXXX :
Re: XXXXXXXXXX
This is in reply to your letter of XXXXXXXXXX in which you requested specific changes be made to advance income tax ruling 2009-035211 issued on XXXXXXXXXX, 2010 (the "Original Ruling"). You also requested an extension of time to complete the proposed transactions described in the Original Ruling.
As requested, the second sentence of paragraph 10 in the Original Ruling is replaced with the following:
The Charity estimates that the operation of the Facility will generally not use more than 50% of its resources.
We hereby confirm that the Original Ruling, as modified by this letter, will continue to be binding on the Canada Revenue Agency subject to the same limitations and qualifications set out therein, except that the Ruling will continue to be binding on the Canada Revenue Agency provided that the Proposed Transactions set out in the Ruling are completed by XXXXXXXXXX .
Yours truly,
XXXXXXXXXX
Manager
Charitable and Financial Institution Sectors
Financial Sector and Exempt Entities Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs
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© Her Majesty the Queen in Right of Canada, 2010
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© Sa Majesté la Reine du Chef du Canada, 2010
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