Principal Issues: Modification to the facts brought to our attention.
Position: Confirmation that, subject to the conditions, limitations, qualifications and comments set out therein, the original Ruling will continue to be binding on the CRA and that the modification will not affect the opinion provided.
Reasons: In compliance with the law.
XXXXXXXXXX 2010-038567 XXXXXXXXXX
XXXXXXXXXX , 2010
Dear Sir:
Re: Advance Income Tax Ruling
XXXXXXXXXX
This is in reply to your e-mails of XXXXXXXXXX in which you advised us of a modification to the facts relating to the advance income tax ruling no. 2009-033767 dated XXXXXXXXXX , 2010 (hereinafter, the "Letter"), and requested a confirmation that this modification will not affect the advance income tax rulings and the opinion provided in the Letter.
Capitalized terms not defined herein are as defined in the Letter.
1) Value of the common shares of the capital stock of Canco4 held by Canco3
You advised us that the common shares of the capital stock of Canco4 held by Canco3 on XXXXXXXXXX are worth approximately CAD $XXXXXXXXXX rather than CAD $XXXXXXXXXX , as indicated in paragraph 5 of the Letter.
2) Confirmation
Considering the above, we hereby confirm that, subject to the conditions, limitations, qualifications and comments set out in the Letter, the advance income tax rulings given in the Letter will continue to be binding on the Canada Revenue Agency and the modification to the fact will not affect the opinion provided in the Letter.
Yours truly,
XXXXXXXXXX
for Director
Reorganizations and Resources Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs Branch