June 13, 1990
| 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-3625 |
| Ottawa, OntarioDear Al: |
Re: Elections under subsection 39(4) of the Income Tax Act
This is further to the meeting we had in May 1990 on the above subject matter wherein we dealt with a subsection 39(4) partnership elections problem.
21(1)(b)
Attached for your information is a copy of a memorandum dated April 5, 1990 and our reply to Tax Avoidance Section on this matter.
We would be pleased to assist you in any way we can.
Yours sincerely,
B.J. BrysonActing DirectorCurrent Amendments and Regulations Division
Attach.
c.c. H. Krakower