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.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
950976
XXXXXXXXXX David R. Senécal
September 13, 1995
Dear Sirs:
This is in reply to your letter of February 27, 1995, wherein you request our views as to the application of subsection 18(4) of the Income Tax Act (the "Act") to a non-resident corporation that, pursuant to section 216 of the Act, elects to file a return of income under Part I of the Act. We apologize for the delay in responding to your enquiry. The other issues brought up in your letter will be addressed in separate correspondence.
We continue to be of the view that, while subsection 216(1) of the Act does not deem the taxpayer to be a resident of Canada, the words "as though" contained therein clearly indicate that the rules which could apply to a Canadian resident, including the provisions of subsection 18(4) of the Act, will also apply to any non-resident who makes an election under subsection 216(1).
We trust that the above comments will be of assistance to you.
Yours truly,
for Director
Reorganizations and Foreign Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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