21 November 1990 External T.I. 9029765 F - Investments in Small Business - Meaning of Eligible Corporation

By services, 18 January, 2022
Official title
Investments in Small Business - Meaning of Eligible Corporation
Language
French
CRA tags
5100(1)
Document number
Citation name
9029765
Severed letter type
Technical Interpretation - External
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
632222
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1990-11-21 07:00:00",
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Main text
24(1) 5-902976
  F. Francis
  (613) 957-3496

19(1)

November 21, 1990

Dear Sirs:

This is in reply to your letter of October 22, 1990, wherein you requested a technical interpretation with respect to the definition of "eligible corporation" under subsection 5100(1) of the Income Tax Regulations (the "Regulations").

You specifically enquire as to whether "cost" or "fair market value" would be used in determining if all or substantially all of the property of the corporation is used in a qualifying active business.

---------

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate