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.
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September 5, 1989 |
| FILE - Section 245 |
Small Business and |
| |
General Division |
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P.D. Fuoco |
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File No. 3-2608 |
Subject: Advance Income Tax Ruling 19(1)
The attached rulings concern a standard structured settlement for which the Department has an established position if the conditions set out in paragraph 5 of IT-365R2 are satisfied. Since the subject structured settlement complies with those conditions, section 245 of the Act does not apply. Referral to the GAAR Committee is therefore not necessary.
P.D. FuocoPersonal and General SectionSmall Business and General DivisionSpecialty Rulings DirectorateLegislative and IntergovernmentalAffairs Branch
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© Her Majesty the Queen in Right of Canada, 1989
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© Sa Majesté la Reine du Chef du Canada, 1989
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