12 January 1990 Ministerial Letter 74378 F - Settlement Payment

By services, 18 January, 2022
Official title
Settlement Payment
Language
French
CRA tags
5(1), 6(3)
Document number
Citation name
74378
Severed letter type
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
632284
Extra import data
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"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1990-01-12 07:00:00",
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Main text
  January 12, 1990
Assessing and Enquiries Directorate Business and General
P. McNally, Director Division
Enquiries and Taxpayer Assistance A. Humenuk
Division 957-2135
Norm O'Donnell
  File No. 7-4378
  Your File: HAV 5804-2

Subject: 24(1)

We are replying to your memorandum received September 29, 1989, concerning the characterization of a payment made in settlement of a claim against the above noted employer. Reference is also made to our various telephone conversations (Ouellette/Humenuk).

Our understanding of the facts is as follows:

24(1)

From your review of the facts presented, you came to the conclusion that the affected employees did receive a settlement for loss of employment. However since they were also offered the opportunity to be reinstated , you have asked whether this fact would affect the nature of the payment to be received.

In our view, the fact that the board ordered the employer to reinstate the employees effectively means that no loss of employment occurred as of the date of the layoff despite the formal notifications issued in September and November of 1983. As we understand the situation, the employer was willing and able to reinstate the employees as of July 1, 1988, and the payment received was in respect of the period prior to that date. Consequently, it is our view that this amount is employment income pursuant to subsection 5(1) and/or 6(3) of the Act and that the amount cannot be considered a retiring allowance.

We trust our comments will be of assistance to you.

B.W. DathDirectorBusiness and General DivisionSpecialty Rulings DirectorateLegislative and Intergovernmental Affairs Branch