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Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Subsection 94. 1(1) of the [Income Tax] Act requires a notional amount to be included in income if a taxpayer holds an interest in an offshore investment fund property(OIFP). An OIFP is a share of the capital stock of, an interest in, or a debt of, a non-resident entity(other than a CFA [controlled foreign affiliate] of the taxpayer) or an interest in or a right or option to acquire such a share, interest, or debt if two conditions are satisfied.  3, record 1, English, - offshore%20investment%20fund%20property

Record 1,  Textual support,  French

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

Canada's foreign affiliate system requires foreign affiliates to track their earnings in pools referred to as "exempt surplus" and "taxable surplus. "Where a Canadian corporation receives a distribution from a foreign affiliate out of the foreign affiliate's exempt surplus, the Canadian corporation is required to include the distribution in income, but is generally entitled to an offsetting tax deduction.  2, record 2, English, - exempt%20surplus

Record number: 2, Textual support number: 1 OBS

Source: Income Tax Act, S. 113(1).  3, record 2, English, - exempt%20surplus

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Le système canadien des sociétés étrangères affiliées exige que les sociétés étrangères affiliées, assurent le suivi de leurs bénéfices dans des regroupements appelés «surplus exonéré» et «surplus imposable». Lorsqu'une société canadienne reçoit une distribution d'une société étrangère affiliée prélevée sur le surplus exonéré de la société étrangère affiliée, la société canadienne est tenue d'inclure la distribution dans son revenu, mais a généralement droit à une déduction fiscale compensatoire.  2, record 2, French, - surplus%20exon%C3%A9r%C3%A9

Record number: 2, Textual support number: 1 OBS

Source : Loi de l'impôt sur le revenu, art. 113(1).  3, record 2, French, - surplus%20exon%C3%A9r%C3%A9

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

... for the purposes of paragraph(a. 2), one or more risks insured by a foreign affiliate of a taxpayer that, if this Act were read without reference to this paragraph, would not be specified Canadian risks(in this paragraph referred to as the "foreign policy pool") are deemed to be specified Canadian risks...  1, record 3, English, - foreign%20policy%20pool

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 CONT

[…] pour l’application de l’alinéa a.2), un ou plusieurs risques (appelés «groupe de polices étrangères» au présent alinéa) qui sont assurés par une société étrangère affiliée d’un contribuable et qui, en l’absence du présent alinéa, ne seraient pas des risques canadiens déterminés sont réputés être des risques canadiens déterminés […]  1, record 3, French, - groupe%20de%20polices%20%C3%A9trang%C3%A8res

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

... a secondary foreign affiliate is [a company incorporated outside Canada] in which the primary foreign subsidiary directly owns at least 10% but less than 50% of the common or voting stock.  1, record 4, English, - secondary%20foreign%20affiliate

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

Although its mismatch with interest deductibility has been a long-standing problem, the "exempt surplus" rule in itself is a key competitive advantage of the Canadian tax system. The rule allows a Canadian company to earn business income through a foreign affiliate in any tax-treaty country, and bring that income back to Canada, with no Canadian tax.  1, record 5, English, - exempt%20surplus%20rule

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 CONT

Bien que la discordance concernant la déductibilité des intérêts constitue un problème de longue date, la règle du «surplus exonéré» représente en fait un avantage concurrentiel clé du régime fiscal canadien. Elle permet à une société canadienne de gagner un revenu d'entreprise par l'intermédiaire d'une société étrangère affiliée située dans un pays avec lequel le Canada a signé une convention fiscale, et de rapatrier ce revenu au Canada sans payer l'impôt canadien.  1, record 5, French, - r%C3%A8gle%20du%20surplus%20exon%C3%A9r%C3%A9

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 DEF

Instrument that allows trading of stocks on foreign exchanges when the country concerned will not allow foreign ownership of the stock of domestic firms. The shares are deposited with a bank in the country of incorporation and an affiliate or correspondent bank in other countries issues depositary receipts for the securities. They can then be traded on stock exchanges in the same way as other securities. Used, for example, in Korea.  3, record 6, English, - global%20depositary%20receipt

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 DEF

Certificat émis par un établissement bancaire, négocié sur les marchés internationaux représentant la propriété d'un nombre déterminé d'actions d'une sociétés d'un pays autre que celui de la banque émettrice.  1, record 6, French, - certificat%20international%20d%27actions%20%C3%A9trang%C3%A8res

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 OBS

A foreign financial affiliate that is an insurance company.(NAFTA [North American Free Trade Agreement], 1992, ann. VII(C), sch. MEX).  1, record 7, English, - foreign%20insurance%20affiliate

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 OBS

Compagnie d'assurance constituant une société financière étrangère affiliée.  1, record 7, French, - compagnie%20d%27assurance%20%C3%A9trang%C3%A8re%20affili%C3%A9e

Record number: 7, Textual support number: 2 OBS

Source(s) : ALÉNA [Accord de libre-échange nord-américain], 1992, ann. VII(C), liste MEX  1, record 7, French, - compagnie%20d%27assurance%20%C3%A9trang%C3%A8re%20affili%C3%A9e

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 DEF

... a Canadian entity, other than a bank, ... [Bank Act]  1, record 8, English, - non%2Dbank%20affiliate%20of%20a%20foreign%20bank

Record number: 8, Textual support number: 1 OBS

A canadian entity is not a non-bank affiliate of a foreign bank by reason only that a foreign bank subsidiary of the foreign bank has a substantial investment... in the Canadian entity. [Bank Act]  1, record 8, English, - non%2Dbank%20affiliate%20of%20a%20foreign%20bank

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 DEF

Entité non bancaire canadienne [...] [Loi sur les banques]  1, record 8, French, - %C3%A9tablissement%20affili%C3%A9%20%C3%A0%20une%20banque%20%C3%A9trang%C3%A8re

Record number: 8, Textual support number: 1 OBS

En tout état de cause, il ne suffit pas qu'une filiale de la banque étrangère détienne un intérêt de groupe financier, [...] dans l'entité canadienne pour que celle-ci soit un tel établissement. [Loi sur les banques]  1, record 8, French, - %C3%A9tablissement%20affili%C3%A9%20%C3%A0%20une%20banque%20%C3%A9trang%C3%A8re

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

In the past, Canada has been prepared to reduce the withholding tax rates in our tax treaties with our major trading partners to 15 per cent for portfolio dividends and 10 per cent for direct dividends-those paid by a Canadian affiliate to a foreign parent or other corporation with a substantial interest in the affiliate  1, record 9, English, - direct%20dividend

Record 9,  Textual support,  French

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 DEF

An operation whereby a foreign bank subsidiary in Canada lends to its parent bank, or to the parent bank's affiliate(s), capital funds invested in it by the parent, or where deposits raised within the country are redeposited with the parent or affiliates.  2, record 10, English, - upstream%20lending

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish