Principal Issues: Minor change to a paragraph
Position: Accepted
Reasons: Minor- Rulings remains binding.
XXXXXXXXXX 2008-027404
XXXXXXXXXX , 2008
Dear XXXXXXXXXX :
Re: XXXXXXXXXX . (Bidco) BN XXXXXXXXXX
Supplementary Advance Income Tax Ruling
We are writing in reply to your correspondence of XXXXXXXXXX in which you requested a sentence change to the advance income tax ruling 2007-025953 issued on XXXXXXXXXX , 2008 (the "Original Ruling") on behalf of the above-referenced taxpayer. Capitalized terms used in this letter have the meanings given to them in the Original Ruling.
The Original Ruling is amended as follows:
The first sentence of paragraph 5 of the Original Ruling is replaced by the following:
"In XXXXXXXXXX , Parent made an offer to acquire all the shares of Target through Bidco, which was a Canadian corporation formed under the CBCA on XXXXXXXXXX and a wholly-owned Subsidiary of Parent."
We confirm that the rulings given in the Original Ruling, as amended by this letter, will continue to be binding on the Canada Revenue Agency ("CRA") subject to the same limitations and qualification set out therein.
Yours truly,
XXXXXXXXXX
For Director
Financial Sector and Exempt Entities Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs Branch