| 19(1) | File No. 5-9321 |
| R.B. Day | |
| (613) 957-2136 |
February 26, 1990
Dear 19(1)
Re: 24(1) Advance Income Tax Ruling 3-2379 Dated July 27, 1989 (the "Previous Ruling")
We are writing in reply to your letter of December 28, 1989, wherein you requested an extension of time for completing the proposed transactions, described in the Previous Ruling, from December 31, 1989 to June 30, 1990.
Subject to the limitations and qualifications set out in Information Circular 70-6R dated December 18, 1978, issued by Revenue Canada, Taxation, we confirm that the rulings given in the Previous Ruling are binding provided that the proposed transactions are completed on or before June 30, 1990.
Yours truly,
B.W. DathDirectorBusiness and General DivisionSpecialty Rulings DirectorateLegislative and Intergovernmental Affairs Branch