December 4, 1989
| Mr. R.A. Short | |
| General Director | |
| Tax Policy and Legislation Branch | BY HAND |
| Department of Finance | |
| 140 O'Connor Street | C. Dubé |
| L'Esplanade Laurier | 957-2076 |
| 16th Floor, East Tower | I-3401 |
| Ottawa, Ontario K1A 0G5 |
Dear Al:
Re: Subsection 66(12.1) of the Income Tax Act (the "Act")
Attached is a copy of a memorandum dated November 10, 1989 received from our Resource Industries Section, Rulings Directorate ("Rulings") concerning subsection 66(12.1) of the Act.
21(1)(b)
May we have your views on this matter at your earliest convenience.
Yours sincerely,
B.J. BrysonActing Director Current Amendments and Regulations Division
Attach.
CD/jab