6 June 1988 Income Tax Severed Letter 5-6050 - [880606]

By services, 22 July, 2022
Official title
[880606]
Language
English
Document number
Citation name
5-6050
Severed letter type
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
658263
Extra import data
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"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1988-06-06 08:00:00",
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}
Main text

Peter K. Noack (613)957-8963

June 6, 1988

Dear XXXX

Your letter of April 25 to the Registered Pension Division has been referred to us for a reply.

You ask whether payments by a Canadian resident of arrears of contributions to the United Kingdom social insurance system for an increased retirement pension can qualify as a deduction from income under the Canadian income Tax Act.

No part of such payments would be allowable deductions for income tax purposes in Canada. Also, such payments would not qualify as foreign tax deductions from any income the Canadian resident may receive from the United Kingdom.

We regret that our answer cannot be more favourable.

Yours truly, for Director Financial Industries Division Rulings Directorate