30 November 1996 Ruling 9723223 - AMEND WORDING IN RULING

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.

Principal Issues: Minor amendment to wording in a ruling.

Position: N/A

Reasons: Taxpayer wanted it to be very clear.

XXXXXXXXXX							972322
XXXXXXXXXX

Attention: XXXXXXXXXX

XXXXXXXXXX, 1997

Dear Sirs:

Re: XXXXXXXXXX
Advance Income Tax Ruling 971300, dated XXXXXXXXXX, 1997

This is in reply to your telephone request of XXXXXXXXXX, wherein you requested an amendment to ruling A in the above-referenced Advance Income Tax Ruling which was amended in our letter dated XXXXXXXXXX, 1997 (file #972191) (hereinafter collectively referred to as the "Ruling Letter").

The reference herein to a ruling is a reference to a ruling contained in the Ruling Letter and the defined term used in this letter has the meaning assigned to it in the Ruling Letter.

The Ruling Letter is hereby amended as follows:

1. The reference to "resident Participant" in the preamble of ruling A is deleted and replaced by "resident Participant for a year under the Plan".

Notwithstanding the above change, we confirm that, subject to the conditions set out therein, the rulings given in the Ruling Letter will continue to be binding on the Department in accordance with the practice outlined in Information Circular 70-6R3, dated December 30, 1996.

Yours truly,

for Director
Financial Industries Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch