11 August 1989 Ministerial Correspondence 89M08184 F - Form T85 - Deduction of SR & ED Tax Credit by Trusts and Partnerships

By services, 18 January, 2022
Official title
Form T85 - Deduction of SR & ED Tax Credit by Trusts and Partnerships
Language
French
CRA tags
n/a
Document number
Citation name
89M08184
Severed letter type
Ministerial Correspondence
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
631431
Extra import data
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Main text
  August 11, 1989
J.M. Legault, Director Technical Interpretations
Returns Processing Division Division
Assessing and Enquiries Directorate S. Parnanzone
  (613) 957-9232
ATTN. D. Jones

SUBJECT: FORM T85

This is in reply to Mr. D. Jones' T782 dated July 26, 1989.

Our review of form T85 was based on the Nova Scotia Income Tax Act taking into account any proposed amendments announced in the provincial budget of May 9, 1989.  We have ignored grammatical and typographical errors, language style and layout, unless they are believed to clearly result in incorrect or misleading information being given to taxpayers.

We have only one comment with respect to items (1) and (2) of the fifth bullet note.  We suggest the replacement of "credit available to" with "credit earned by".  The present wording incorrectly indicates that trusts and partnerships may deduct the research and development tax credit that has not been allocated to a beneficiary or partner, respectively.

A.G. CockellDirector Technical Interpretations DivisionLegislative and IntergovernmentalAffairs Branch