Updated CRA Income Tax Folio on Related Persons and Arm’s Length

On June 9, 2015, the CRA released an updated version of its Income Tax Folio on related persons and dealing at arm’s length: “Related persons and dealing at arm’s length” (S1-F5-C1).

Among other things, the updated version adds paragraph 1.44.1, which discusses whether a partnership is dealing at arm’s length with a person.

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