30 April 1991 Ministerial Letter 91M04078 F - Interest Deductibility on Participating Debt

By services, 18 January, 2022
Official title
Interest Deductibility on Participating Debt
Language
French
CRA tags
n/a
Document number
Citation name
91M04078
Severed letter type
Ministerial Letter
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
630789
Extra import data
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"field_release_date_new": "1991-04-30 08:00:00",
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Main text

Re: Participating Debt

What is Revenue Canada's current position with respect to interest deductibility on participating debt.

Department's Position

The Department's current position on participating debt is set out in the 1989 Corporate Management Tax Conference, pages 8:9 to 8:11 of the Revenue Canada Panel.  The statements made at that conference expand on the comments made by the Department at both the 1988 and 1987 Round Tables (copies of all statements attached).