| October 31, 1989 | |
| Mr. B. Dath | Current Amendments and |
| Director | Regulations Division |
| Small Business and | |
| General Division | D.C. Burnett (957-2078) |
| File No. F-3316 |
Subparagraph 37(7)(c)(ii) of the Income Tax Act
This is in response to the memorandum of September 26, 1989 prepared by D. Turner concerning the above provision of the Act.
Enclosed is a copy of the letter we received from the Department of Finance in response to our query on your behalf.
B.J. BrysonActing DirectorCurrent Amendments and Regulations Division
EnclosureCD/jab