{"id":1284,"date":"2014-10-06T16:24:17","date_gmt":"2014-10-06T16:24:17","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=1284"},"modified":"2014-10-06T16:24:17","modified_gmt":"2014-10-06T16:24:17","slug":"cra-confirms-that-a-two-partnership-structure-would-not-constitute-a-tiered-partnership","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2014\/10\/cra-confirms-that-a-two-partnership-structure-would-not-constitute-a-tiered-partnership\/","title":{"rendered":"CRA confirms that a two-partnership structure would not constitute a tiered partnership"},"content":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/10\/2014-0528001E5.pdf\">2014-0528001E5<\/a>, the CRA was asked to consider a situation where an existing partnership (Partnership A), having an off-calendar fiscal year end, formed a second partnership (Partnership B) indirectly through a subsidiary of Partnership A (A Co).\u00a0 The other partners of Partnership B dealt at arm\u2019s length with the members of Partnership A.\u00a0 The CRA confirmed that s. 249.1(1)(c) would <em>not<\/em> apply to force Partnership A to have a fiscal year end of December 31.\u00a0 Partnership A&#8217;s indirect investment in Partnership B \u2013 through A Co \u2013 would not in and of itself engage s. 249.1(1)(c), because that provision contemplates a membership interest in one partnership that is held, directly or indirectly through one or more partnerships, by another partnership.\u00a0 Here the interposition of A Co would break the required link between Partnership A and Partnership B.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/10\/2014-0528001E5.pdf\">2014-0528001E5<\/a>, the CRA was asked to consider a situation where an existing partnership (Partnership A), having an off-calendar fiscal year end, formed a second partnership (Partnership B) indirectly through a subsidiary of Partnership A (A Co).\u00a0 The other&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-1284","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1284","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=1284"}],"version-history":[{"count":0,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=1284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=1284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}