2006 Ruling 2006-0211781R3 - Withholding Tax Exemption -- summary under Subsection 15(2.3)

Non-resident term lenders make a loan to a newly-incorporated wholly-owned subsidiary ("Finco") of the general partner of a Canadian limited partnership that is a subsidiary partnership (through an intermediate unit trust) of an income fund. Finco on-lends on similar terms to the limited partnership.

Ruling that s. 15(2.3) will apply to the advances from Finco to the limited partnership.

Topics and taglines
Topic
Income Tax Act - s. 15(2.3)
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
318542
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
342716
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "",
"field_stub": false,
"field_legacy_header": "2006 Ruling 2006-0211781R3 [on-loan by special purpose sub in ordinary course]"
}