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Lafrenière (613) 941-2956 Le 5 avril 2013 Objet: Demande d'interprétation technique – Opposabilité d'une convention Monsieur, La présente est en réponse à votre courriel du 22 novembre 2012 dans lequel vous nous avez demandé des précisions relativement à l'opposabilité d'une convention aux autorités fiscales. ... Le Particulier réside au Canada. c) La Convention est intervenue peu de temps après l'acquisition de l'Immeuble. 2) Vos questions relativement à la Situation Donnée Vous nous demandez si le partage des revenus annuels nets de location entre Opco et le Particulier, tel que prévu par la Convention, serait acceptable aux fins fiscales. ... Compte tenu de ce qui précède et puisqu'il appert que la Convention n'est pas intervenue avant ou en même temps que le contrat apparent, nous sommes d'avis que la Convention ne pourrait pas être qualifiée de contre-lettre au sens du C.c.Q. ...

Raisons: There is a large variety of split-dollar APFF- Table ronde sur la fiscalité des stratégies financières et des instruments financiers du 5 octobre 2012 – CONGRÈS 2012 Question 5- Convention de retraite et changement du budget 2012 Dans le budget du 29 mars 2012, il est proposé que les conventions de retraite (« CR ») soient soumises aux pénalités visées à la partie XI.0.1 Loi de l'impôt sur le revenu (« L.I.R. ») soit, celles visant les « placements interdits » et les « avantages », actuellement applicables aux REER, FERR et CELI. Dans le plan budgétaire à l'annexe 4, le ministre mentionne quelques exemples de stratégies qui seront visées par ces mesures dont la suivante, « …Dans d'autres cas, des produits d'assurance sont utilisés pour attribuer à une convention des coûts se rapportant à un bénéfice qui n'est pas reçu par la convention. ». ... Le nouveau paragraphe 207.62(1) proposé prévoit un impôt à payer si un « avantage » relatif à la convention est accordé au cours d'une année civile à une fiducie de convention de retraite, un bénéficiaire déterminé ou toute personne avec laquelle ce bénéficiaire a un lien de dépendance. ...

Position: Yes Reasons: The Canada-Israel Income Tax Convention does not prohibit Canada to impose tax on such gains. 971385 XXXXXXXXXX S. Leung Attention: XXXXXXXXXX October 15, 1997 Dear Sirs: Re: Article XIII of the Canada-Israel Income Tax Convention We are writing in reply to your letter of May 20, 1997 in which you requested our interpretation of Article XIII of the Canada-Israel Income Tax Convention ("the Convention") as it applies to the situation described below. ... In such a case, we are not aware of any provisions in the Convention or the Act that will provide a relief from such double taxation. ...

This report was revised in 2010 in order to be read harmoniously with the new wording of Article 7 of the OECD’s Model Tax Convention on Income and Capital (“Model Convention”) and its related commentary. ... This position is essentially based on our view that paragraph 4(b) of the Income Tax Conventions Interpretation Act (“ITCIA”) prevents such deductions. ... In respect of the Canada – United Kingdom Tax Convention, we would note that the new AOA-based Article 7 language was included in the convention by virtue of the protocol signed on July 21, 2014. ...

Position: Article 12 of Canada-Argentina Income Tax Convention dealing with royalties. Reasons: Article 12 of Canada-Argentina Income Tax Convention XXXXXXXXXX 982008 G. ... The above comments are based on our understanding of the facts and reflect our interpretation of the laws in the Act and the Convention. ...

Harding (613) 957-2111 September 14, 1993 Dear Sirs: Re: Canada-Egypt Income Tax Convention (the "Convention") This is in reply to your letter which was faxed to Revenue Canada on May 10, 1993 wherein you requested our opinion concerning the taxability of income earned by a Canadian partner as a member of an Egyptian partnership which carries on business only in Egypt. ... It is your view that paragraph 1 of Article 7 of the Convention will take precedence over the Income Tax Act and prevent Canada from taxing the income of a partnership in such a situation. Paragraph 6.2 of the Income Tax Conventions Interpretation Act (the "ITCIA") was enacted to clarify that Canada maintains its right to tax the Canadian partners on their share of income of a partnership which may be considered a resident or enterprise of the other country under a tax convention or agreement. ...

Income Tax Convention (the "Convention"). Our Comments Opinions concerning proposed transactions involving specific taxpayers will only be provided in response to a request for an advance income tax ruling. ... Once you retire your U.S. government pension will no longer be subject to the provisions of Article XIX of the Convention. ... Instead, your U.S. source pension income will be subject to the provisions of Article XVIII of the Convention. ...

Cook April 8, 2003 Re: Technical Interpretation Request Dear XXXXXXXXXX: We are writing in reply to your letter of February 6, 2003, in which you requested our interpretation of the term "value or the greater part of their value" as used in paragraph 5(a) of Article 13 of the Canada-United Kingdom Income Tax Convention (1978) (the "Convention"). ... We note that neither the term "value or the greater part of their value" or any portion of the term is defined in the Convention. Similarly, no particular meaning is mandated by section 3 of the Income Tax Conventions Interpretation Act. ...

Income Tax Convention (Convention) which states "...copyright and other like payments in respect of the production or reproduction of any literary, dramatic, musical or artistic work, including royalties from such works on videotape...for private (home) use... ... Although it is our position that payments for motion pictures are not generally treaty-exempt, motion pictures that are on videotape and are provided for private (home) use would fall within the exemption set out in paragraph 3, Article XII of the Convention. ... In our view, as long as Canco can ensure that the videotape cassette can only be used for the private (home) use, he will be entitled to the deduction provided in paragraph 3 of Article XII of the Convention. ...

Income Tax Convention (the "Convention"). It is our view that the U.S. ... The Technical Explanation to the Convention clearly indicates that the "... taxes not generally covered by the Convention include, in the case of United States, the estate... taxes... ... Accordingly, the Convention will not provide any relief to the deceased estate with respect to U.S. ...