The Company is licensed by the Commission.Ħ.
The Company organizes XXXXXXXXXX horse races with various, pre-determined Purses.ĥ. The Company's business number for remittance of withholding taxes is XXXXXXXXXX. The Company's head office is at XXXXXXXXXX. The Company was originally incorporated under the name XXXXXXXXXX, under the XXXXXXXXXX Corporations Act.Ģ. "Non-resident Owner" means an Owner who is not resident in Canada for the purposes of the Act. "Commission" means the XXXXXXXXXX Racing Commission and "Purse" means money the Company pays to Owners for their horse finishing in a top position in a race organized by the Company
"Regulations" means the Income Tax Regulations, CRC, c 945, as amended to the date of this advance income tax ruling "Act" means the Income Tax Act, RSC 1985 (5th Supp) c 1, as amended to the date of this advance income tax ruling (v) are the subject of a ruling previously issued by the Income Tax Ruling Directorate. (iii) are under objection by the Company or a related person (ii) are being considered by a Tax Services Office or Taxation Centre in connection with a previously filed tax return of the Company or a related person (i) are in an earlier return of the Company or a related person We understand that, to the best of your knowledge and that of the taxpayers involved, none of the issues involved in this advance income tax ruling: This is in response to your XXXXXXXXXX, request for an advance income tax ruling on behalf of the above-referenced entity. Re: Advance Income Tax Ruling - XXXXXXXXXX (the "Company") Reasons: Ownership interest in a horse which wins a race is not a service provided to the track operator by a horse owner. Principal Issues: Are racehorse track operators required to withhold purse winnings paid to nonresident horse owners when the owners' horse places in a winning position?
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