| 24(1) | 901016 |
| M. Eisner | |
| (613) 957-2138 | |
| Attention: 19(1) | EACC9464 |
July 5, 1990
Dear Sirs:
This is in reply to your letter of May 28, 1990 concerning the effect of a deduction under paragraph 20(1)(j) of the Income Tax Act (the "Act") and an income inclusion under subsection 15(2) of the Act on the "cumulative net investment loss" account as defined in subsection 110.6(1) of the Act.
As the above issued are currently being studied by the Department and we do not expect to finalize our position for several months, we have not addressed them at this time. However, if you have a specific case with which you are concerned, you may wish to submit the details thereof to your local District Office. We would also be pleased to provide you with our views on those issues once our position is finalized should you decide to make a subsequent submission.
We regret that we could not be of further assistance to you at this time.
Yours truly,
for DirectorBusiness and General DivisionRulings DirectorateLegislative and Intergovernmental Affairs Branch