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.
XXXX
Provincial & International Relations Division W.S. Hume
November 1, 1973
XXXX
This is in reply to your letter of October 10 concerning XXXX and pursuant to your telephone conversations with Bill Hume of this office.
It is our opinion that XXXX would be subject to the 15% non-resident tax under paragraph 212(1)(j) of the Income Tax Act provided, of course, that XXXX remains resident outside of Canada. Should XXXX at any time become a resident of Canada the amounts received by him subsequent to that date would comprise taxable income in his hands.
We have an informal opinion from the Rulings Division that article XIV of the Canada/United Kingdom Income Tax Agreement does not apply in this case, as the XXXX would, in their view, not be considered to be "other similar remuneration". The question whether the payments would be of an income or a capital nature was not considered.
We trust this is the information that you require.
Yours sincerely
Director Provincial & International Relations Division
WSH/mr
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© Her Majesty the Queen in Right of Canada, 1973
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© Sa Majesté la Reine du Chef du Canada, 1973
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