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.
December 14, 1978
Mr. R.J.L. Read Director Provincial and International Relations Division
Non-Corporate Rulings Division J.E. Grisé
Canada-U.K. Income Tax Convention (1978)
We expressed the position in the attached letter of October 17 that the lump sum payment from a Canadian pension plan to a United Kingdom pension plan will be subject to Canadian tax on the amount in excess of the limits set out in section 1 of Article XVII of the above-mentioned Convention which has yet to be ratified.
Our intention was simply to alert the taxpayer to the proposed agreement which could alter the views given regarding the existing Agreement. The taxpayer responded to our letter an November 23 (copy attached) by asking further questions regarding such transfers. His first question is important since it probably represents the situation for most transfers of this kind. We would appreciate your views as to whether or not it was intended to have such transfers free of tax. If your answer is negative we would be receptive to any suggestion you may have on how we could maintain they are taxable in Canada in light of the facts given in item 1 of XXXX letter.
for Director Non-Corporate Rulings Division JEG/dl
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© Her Majesty the Queen in Right of Canada, 1978
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© Sa Majesté la Reine du Chef du Canada, 1978
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