{"id":1135,"date":"2014-05-26T16:52:36","date_gmt":"2014-05-26T16:52:36","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=1135"},"modified":"2014-05-26T16:52:36","modified_gmt":"2014-05-26T16:52:36","slug":"cra-considers-look-through-rule-in-gains-article-of-canada-singapore-treaty","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2014\/05\/cra-considers-look-through-rule-in-gains-article-of-canada-singapore-treaty\/","title":{"rendered":"CRA considers look-through rule in Gains Article of Canada-Singapore Treaty"},"content":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/05\/2013-0516151I7.pdf\">2013-0516151I7<\/a>, a Singapore resident held shares of a Canadian company (Canco) which in turn held real estate in Canada through two partnerships.\u00a0 The CRA said the look-through provision in Article XIII(3) of the Canada-Singapore Treaty (Gains Article) uses the expression &#8220;gains from the alienation of shares of a company\u2026the <em>property of which consists principally of<\/em> immovable property&#8221;; this test refers only to the assets held<em> directly <\/em>by the company (see also 2008-0304441I7 for similar comments).\u00a0 However, in the CRA\u2019s view, the immovable property held directly by the partnerships should be included in Canco&#8217;s directly-held assets for this purpose, to the extent of Canco\u2019s percentage interest in the partnerships.\u00a0 This is a debatable interpretation, to say the least.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/05\/2013-0516151I7.pdf\">2013-0516151I7<\/a>, a Singapore resident held shares of a Canadian company (Canco) which in turn held real estate in Canada through two partnerships.\u00a0 The CRA said the look-through provision in Article XIII(3) of the Canada-Singapore Treaty (Gains Article) uses&hellip;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1135","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/comments?post=1135"}],"version-history":[{"count":0,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=1135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=1135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=1135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}