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Cameron   (613) 957-2115 August 29, 1989 Dear Sirs: Re:  Subsection 55(2) of the Act This is in response to your letter of August 3, 1989 wherein you requested our opinion with respect to the following hypothetical situation:      "1.  ... Thus, it is assumed that for all relevant purposes, the holding period of all parties is the same.      2.  ... Thus, the safe income of Holdco on a consolidated basis is $10,000,000.      3.  ...

Son capital-actions autorisé est le suivant: 2.1 Un nombre illimité d'actions de catégorie « A », sans valeur nominale, participantes, avec droit de vote, échangeables contre des actions de catégorie « D » à raison de une pour une. 2.2 Un nombre illimité d'actions des catégories « B », « C », « D », « E », « F » et « G ». ... Participante #1 vendra à Nouvelle ses XXXXXXXXXX actions de catégorie « A » de Cédante en échange d'actions de catégorie « J » de Nouvelle. ... Participante #2 vendra à Nouvelle ses XXXXXXXXXX actions de catégorie « A » de Cédante en échange d'actions de catégorie « J » de Nouvelle. ...

15 October 1990 Ruling 40891- Remise d'impôt en vertu de la loi sur la gestion des finances publiques Unedited CRA Tags n/a   Le 15 octobre 1990 Bureau de district de Québec Bureau principal Monsieur G. Guy Direction des   décisions Directeur de l'impôt Section III des   services bilingues   Anne LeBlanc      (613) 957-4363     4-0891 OBJET:  Remise d'impôt en vertu de la Loi sur la gestion des finances publiques  19(1) 19(1), épouse du contribuable mentionné en titre, a fait une demande de remise d'impôt concernant le compte de son défunt mari ainsi que pour son propre compte. ... Vous trouverez ci-joint les documents suivants:-         copie de la note de service du 27 juillet 1990 adressée au comité de remise d'impôt détaillant les faits pertinents;-         copie du procès-verbal du 5 septembre 1990 du comité de remise d'impôt contenant leurs recommandations et,-         déclaration de revenus de 19(1) pour l'année 1984. ...

B détient XXXXXXXXXX actions privilégiées de catégorie " D " du capital-actions de Société, ayant un PBR et un CV de XXXXXXXXXX $. ... B détient XXXXXXXXXX actions privilégiées de catégorie " F " du capital-actions de Société, ayant un PBR de XXXXXXXXXX $ et un CV de XXXXXXXXXX $. Les actions privilégiées des catégories " D " et " F " du capital-actions de Société, présentement émises, sont rachetables à XXXXXXXXXX $ par action. 8. ...

(c)       With respect to the employee's own contributions that are included in income under 1(a) above, a deduction is available pursuant to paragraph 60(t) of the Act. ... (ii)      A rollover to an RRSP is not available with respect to an amount included in income under paragraph 6(1)(g) of the Act, as described in (d)(i) above. ... If the Plan is a "401(K)" plan and is designed to provide retirement benefits, it is recognized as a pension plan for the purposes of the Act.       ...

10 July 1991 Ruling 9036177 F- Shareholder's Benefit- Youngman Case Unedited CRA Tags 15(1)   July 10, 1991 TO: FROM Audit Applications Division Business and General Division   L. Holloway   957-2104 Attention: Adele St-Amour   FILE 903617 SUBJECT:      Lloyd Youngman v. ... We trust these comments are of assistance.for Director Business and General DivisionRulings DirectorateLegislative and Intergovernmental     Affairs Branch ...

The issued common shares and voting special shares of Opco are owned in such a manner as to give the shareholder the following percentage of votes: Shareholder % of Vote Can-Res B   19.74 Holdco   49.35 Non-Resco   30.91   100.00      Can-Res B is an individual resident in Canada, Holdco is a taxable Canadian corporation and Non-Resco is a corporation resident in the United States. 3.      ... Holdco's only assets are the shares of Opco.      Non-Res is a resident of the United States.  ... Your Requests 1.     You requested our opinion as to whether Non-Resco and Opco would be considered to be related to each other for the purposes of subsection 251(2) of the Act (a)     if Non-Res and Can-Res A are acting in concert to control Non-Resco and Holdco,      or (b)     if Non-Res and Can-Res A are not so acting in concert. 2.      ...

31 August 1989 Ruling 58533 F- Treatment of Maintenance Fees of Computer Software Unedited CRA Tags Part XIII, 212(1)(d)(i), 105(1) 19(1) File No. 5-8533   K.B. Harding   (613) 957-2129 August 31, 1989 Dear Sirs: This is in reply to your letter of August 10, 1989 concerning the treatment of maintenance fees covered by a licensing agreement for computer software in the following hypothetical situation: (a)       A corporation in the U.S. supplies computer software to a Canadian purchaser ("Purchaser"); (b)       The purchaser may be a taxable or nontaxable Canadian corporation as well as a non-taxable society; (c)       The U.S. supplier does not have a permanent establishment in Canada; (d)       The purchaser and the U.S. supplier deal at arm's length; (e)       The purchaser will not be producing or reproducing the computer software; and (f)      The computer software costs are covered by a licensing agreement as well as a maintenance contract. ... It is our general position that the following two conditions must be met in order for payments for maintenance service fees, provided in connection with the use of computer software, not to be considered part of the software licence fee which is subject to Part XIII tax: 1.      ...

17 April 1990 Ruling 0900331 F- Trust Designations in respect of Beneficiary Unedited CRA Tags 104(13.1), 108(1) testamentary trust, 122(1), 122(2)(d)   DATE  April 17, 1990 TO  Current Amendments and FROM  Financial Industries Regulations Division Division   D.S. ... On receiving a number of representations from taxpayers  23 21(1)(b) The following position has been adopted by the Department:      "Where an income beneficiary has agreed to bear the burden of a trust's tax liability arising our of a subsection 104(13.1) designation, it is our view that the payment of the taxes by the beneficiary will not in  and of itself result in either a contribution to the trust for the purpose of subparagraph 108(1)(i)(ii) of the Act or a gift to the trust for the purpose of paragraph 122(2)(d) of the Act.  ... The payment may be made either by      (a)  reimbursing the trustee,      (b)  giving the trustee a cheque made payable to the Receiver General, or      (c)  receiving a net amount form the trustee; i.e., an amount equal to the beneficiary's share of the income of the trust less his share of the taxes. ...

In the case of the Attorney-General for Ontario v Barfried Enterprises Ltd (1963 SCR 570), the Supreme Court of Canada decision provided that "interest accrues on a day to day basis even if payable only at intervals, and is, therefore, apportionable in point of time between persons entitled in succession to the principal". 24(1) (A)     Accrued Interest Payable      24(1) (B)     Accrued Interest Due      24(1)   raises two issues in interpreting the application of paragraph 212(1)(b) with respect to interest that is accrued and due.  ... The second issue is the characterization of the payment, i.e. is it interest or a payment in lieu of or in satisfaction of interest.       ... Sheppard, D.J. made the following comments:      "The monies received from the trust company were "received-as interest".  ...