19 October 1989 External T.I. 58850 F - "Mineral Resource" - Subsection 248(1)

By services, 18 January, 2022
Official title
"Mineral Resource" - Subsection 248(1)
Language
French
CRA tags
248(1) mineral resource
Document number
Citation name
58850
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
632183
Extra import data
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Main text
Director General
Tax Policy Analysis Division
Energy, Mines & Resources Canada File No. 5-8850
Room 706, 580 Booth Street G.R. White
Ottawa Ontario 957-8585
K1A 0E4

Attention:  Mr. Donald G. Shell DirectorMining Tax Legislation Interpretation Division

October 19, 1989

Dear Sirs:

Re:  24(1) Mineral Resource Subsection 248(1) of the Income Tax Act

We are writing to request your certification that diamond deposits occurring in kimberlite pipes is a mineral resource as that term is defined under subparagraph (d)(i) of the definition in subsection 248(1) of the Income Tax Act.

Attached is a letter and a fax from the 24(1) legal representative stating that the company is exploring for diamonds in kimberlite pipes near 24(1)   The certification is required to secure the release of a CEIP grant.

We note your reply dated November 20, 1987, to a similar request from 24(1)

Yours truly,

Director General Rulings DirectorateLegislative and IntergovernmentalAffairs Branch