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: change in facts
Position: n/a
Reasons: n/a
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
Attention: XXXXXXXXXX
XXXXXXXXXX, 2000
Dear Sirs:
Re: XXXXXXXXXX
Advance Income Tax Ruling 2000-000584
We are writing in response to your letter of XXXXXXXXXX wherein you advised us of certain amendments to the facts described in advance income tax ruling 2000-000584 (the "Ruling Letter") which was issued on XXXXXXXXXX.
As requested, the following amendments are hereby made to the Ruling Letter:
(a) The third subparagraph of paragraph 3 of the Ruling Letter is replaced by:
"Child1, Child2, Child3 and Child4 are the adult children of Parent. Child1, Child3 and Parent are residents of Canada. Child2 and Child4 are not residents of Canada for purposes of the Act."
(b) The following is added at the end of paragraph 8 of the Ruling Letter:
"Each of Child2 and Child4 will apply for a certificate under section 116 in respect of the transfer of Opco common shares to Newco2 or Newco4, as the case may be."
Notwithstanding the above changes to the facts and proposed transactions described in the Ruling Letter, we confirm that, subject to the conditions set out therein, the rulings given in the Ruling Letter will continue to be binding in accordance with the practice outlined in Information Circular 70-6R3, dated December 30, 1996, provided that the proposed transactions described in the Ruling Letter are completed in the manner described therein by XXXXXXXXXX.
Yours truly,
for Director
Reorganizations and International Division
Income Tax Rulings Directorate
Policy and Legislation Branch
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