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.
SUMMARY: Supplemental to 2010-0355671R3—none—Advance income tax ruling—Amendments to advance income tax rulingdue to a change in one of the facts.
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: Change in facts—Jurisdiction of Newco's incorporation.
POSITION: Accepted
REASONS: No impact on rulings given
XXXXXXXXXX 2010-036954
XXXXXXXXXX, 2010
Dear XXXXXXXXXX:
Subject: Supplemental Advance Income Tax Ruling Request
XXXXXXXXXX
This is to acknowledge your phone call of XXXXXXXXXX, and is supplemental to our advance income tax ruling number 2010-035567 [] that was issued to the above-noted taxpayers on XXXXXXXXXX, 2010 (the “Ruling”). Unless otherwise defined, all capitalized terms in this letter have the meanings assigned to them in the Ruling.
In your phone call, you informed us that Newco was incorporated under the XXXXXXXXXX rather than the CanadaBusiness Corporations Act.
Accordingly, we confirm that the first sentence of paragraph 7 of the above-noted ruling is amended to read as follows:
7. Newco is a wholly-owned direct subsidiary of Lossco and was incorporated under, and is governed by, the XXXXXXXXXX.
We confirm that the above change, in and of itself, will not invalidate or otherwise affect the rulings of the above-noted advance income tax ruling of XXXXXXXXXX, 2010.
Yours truly,
XXXXXXXXXX
For Director
Financial Sector and Exempt Entities Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs Branch
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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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