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.
Dear Sirs:
Re: Employee Profit Sharing Plan ("EPSP") Non-Resident Employees
This is in reply to your letter of March 28, 1991 concerning the above- referenced matter.
You mention that your client is considering making a contribution to an EPSP on behalf of a number of its employees who will be performing services outside Canada. With respect thereto, you cite certain facts and assumptions and ask us to confirm your understanding of the income tax implications inherent therein.
As explained in paragraph 21 of Information Circular 70-6R2, to which you refer in your letter, written opinions are given only in respect of interpretations of specific provisions of the law. Written opinions on the tax implications inherent in proposed transactions are given only in response to advance ruling requests submitted in the manner set out in Information Circular 70-6R2.
We are prepared to consider your request further should you decide to request an advance ruling. We trust that our comments satisfactorily explain the Department's position.
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© Her Majesty the Queen in Right of Canada, 1991
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1991
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