4 February 1983 Income Tax Severed Letter

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.

February 4, 1983

Policy & Systems Branch              Non-Corporate Rulings Division
Accounting & Collections Division    E. Wayne Hood 
Mr. T.G. McIntyre                    Your file: OS4313-1
Room 5100, Cumberland Place

XXXX Ownership Certificates

Your RTM of January 20, 1983 and attached correspondence from

                              XXXX

            described an -enquiry regarding non-resident 
withholding-tax/ownership certificate requirements, where bearer bond 
coupons of Canadian corporations and municipalities are negotiated by 
the XXXX in New York.

The XXXX letter of January 6, 1963, in our view, clarifies the prior correspondence from the XXXX and makes-it clear that the XXXXis the encashing agent for purposes of Regulation 207. Accordingly, we share the view expressed in your January 20, 1983 RTM; the XXXX is responsible for the obtaining of ownership certificated and withholding of taxes where applicable.

for Director Non-Corporate Rulings Division

s. 234 Reg. 207