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.
March 9, 1981
To- Director Assessing Division
FROM- Provincial and International Relations Division Kevin J. Donnelly
ATTENTION Mr. A.Beaton
RE: Articles X and XXVII Canada-United Kingdom Convention
Further to your March 5, 1981 telephone conversation with Kevin Donnelly, this is to confirm that the ADM-Legislation has approved a recommendation to cancel the position set out in T.O.M. 9071 and that the Department's position will conform to the intention of the convention that the "tax credit" described in Articles XX and XXVII will be included in dividend income for Canadian tax purposes and the related 15% United Kingdom tax payable on the total of the dividend and the "tax credit" will qualify for the section 126 foreign tax credit in the year the dividend is brought into income in Canada.
Director Provincial and International Relations Division
KJD/jb
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© Her Majesty the Queen in Right of Canada, 1981
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© Sa Majesté la Reine du Chef du Canada, 1981
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