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Reasons: Subparagraph 56(1)(a)(ii) MINISTER 97-03230M DEPUTY MINISTER'S OFFICE (2) ADM'S OFFICE (2) PENDING RETURN TO INCOME TAX RULINGS AND INTERPRETATIONS DIRECTORATE 15TH FLOOR, ALBION TOWER Signed on July 10, 1997 XXXXXXXXXX Dear XXXXXXXXXX: I am responding to your letter of May 2, 1997, written on behalf of your constituent, XXXXXXXXXX, that was addressed to the Honourable Jane Stewart, former Minister of National Revenue, concerning the taxation of severance pay that he received upon retirement from Revenue Canada. ...

You have also asked whether certain corporations would be associated within the meaning of subsection 256(1) of the Act in the following hypothetical situation: (1)       Brother 1 and Brother 2 own all the shares of Company A. (2)       Each of Brother 1, Brother 2 and Brother 1's son own 20% of the shares of Company B. (3)       An outsider holds the remaining 40% of the shares of Company B. ...

In this case, the property is the proceeds of shares redeemed in 1989 and the beneficiaries tax returns for that year are statute-barred. 2) Was there in any negligence or carelessness in the fact situation (per 152(4))? ... Reasons FOR POSITION TAKEN: 1) The taxable event happened in a statute-barred year of the beneficiaries 2) A determination under 152(4)(a) can only be made after an audit is conducted. ... ADM'S OFFICE (2) A.D.M. 950485 RETURN TO INCOME TAX RULINGS AND INTERPRETATIONS, 15TH FLOOR, 25 NICHOLAS ST. ...

Principal Issues: 1) application of law to distribution of taxable Canadian property by trust to a non-resident, 2) provincial taxes collected by Revenue Canada, and 3) role of Deputy Minister Position: 1) general description in ATR-70, 2) list provided, and 3) general comments provided MINISTER/DM'S OFFICE 6-09113M ADM'S OFFICE RETURN TO RULINGS, 15TH FLOOR, 25 NICHOLAS ST PENDING April 19, 1997 XXXXXXXXXX Dear XXXXXXXXXX: The Honourable Jane Stewart, Minister of National Revenue, has asked me to reply to your letter of December 9, 1996, concerning the November 15, 1996 response to you from Mrs. ... It provides a general description of the application of the law to this type of distribution prior to the changes announced on October 2, 1996. ...

Position TAKEN: Guidelines 2 and 4 appear to be the relevant ones to consider. ... If, as it appears, the employees work mostly or entirely off reserve, they would have to rely on guideline 2 or 4 in order to be exempt. For those employees who live and work off reserve, guideline 2 will not apply. ...

LES FAITS 1.      2.     24(1) 3.      4.      5.     24(1) QUESTIONS Les questions soumises dans votre note de service peuvent se résumer comme suit: 24(1) 2.      ... COMMENTAIRES 24(1) 2.     Par ailleurs, nous avons pris connaissance de vos commentaires concernant l'utilisation des PCGR pour déterminer la nature véritable des contrats de location.      23      Bien que les PCGR ont été considérés, il ne semble pas qu'ils seront déterminants, en soi, dans le prochain bulletin.  ...

M.A. détient 100% de Gesco 1; 2.      Gesco 1 détient 100% de Gesco 2 et 17% de Opco 3; 3.      Gesco 2 ne détient que 13% de Opco 3; 4.      La propriété de toutes ces actions est demeurée inchangée depuis plus de 24 mois; 5.       ... Gesco 1 détient moins de 90% mais plus de 50% de la J.V.M. des actifs utilisés dans l'entreprise exploitée activement consistant en actions de Gesco 2 et Opco 3 depuis plus de 24 mois. ...

Item 2- Unlike subsection 146(16), paragraph 146.3(2)(e) does not provide for a RRIF to be amended.  ... All copies are then to be sent to the RRSP issuer or RRIF carrier from which the property in to be transferred (the Transferor).-      Part III of all copies is to be completed and signed by the Transferor who shall keep Copy 4 and send Copies 1, 2 and 3 to the Transferee along with the funds or property being transferred.-      Part IV of Copies 1, 2 and 3 is to be completed and signed by the Transferee. Copy 1 is to be returned to the Transferor, Copy 2 given to the annuitant and Copy 3 kept by the Transferee. ...

Nous comprenons qu'un choix pourrait être fait par 1'alinéa 55(5)f) de la Loi si votre position est que le paragraphe 55(2) de la Loi génère un gain en capital. 2.      ... Dividende en actions Selon l'hypothèse d'un revenu protégé de 2 000 000 $ immédiatement avant le début de la série d'opérations ou d'événements ("la série"), vous nous demandez quel sera le revenu protégé attribuable aux actions privilégiées provenant de ce dividende en actions.  ... Aux fins de votre situation hypothétique, le revenu protégé attribuable aux actions privilégiées serait égal à: 2 000 000 $   x  499 900 $       =  250 012 $3 999 000 $    Donc, selon le Ministère, il n'est pas possible d'attribuer le revenu protégé à une seule catégorie donnée d'actions; chaque action comporte son pro-rata de revenu protégé. ...

Meanwhile, I am forwarding the following material which includes the literature normally given at the seminar: Scientific Research and Experimental Development-     Interpretation Bulletin, IT-151R3- SR&ED Brochure- Information Circular, 86-4R2- Supplement 1, Automotive Industry Application Paper- Supplement 2, Aerospace Industry Application Paper- News Release, No. 92-088 dated December 2, 1992 Canadian Business Small Business Tax Seminar Kit Small Business Investment Tax Credit (Explanatory Notes) Interpretation Bulletin, IT-73R4 Interpretation Bulletin, IT-145R and Special Release thereto. ...