Where a SIFT holds all the shares of a foreign affiliate, and the SIFT's only transactions with the foreign affiliate are loans to the foreign affiliate, and the foreign affiliate has no business in Canada, the foreign affiliate's interest payments to the SIFT are unlikely to be considered non-portfolio earnings under s. 197(1). (In the fact scenario provided, the SIFT held the foreign affiliate's shares indirectly.)
Topics and taglines
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
312172
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
343230
Extra import data
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