10 January 1992 Roundtable, 912227A F - Investment counsel's fees to acquire a building

By services, 7 July, 2022
Official title
Investment counsel's fees to acquire a building
Language
French
CRA tags
20(1)(bb)
Document number
Citation name
912227A
Severed letter type
Conference
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
649715
Extra import data
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"field_release_date_new": "1992-01-10 07:00:00",
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Main text

 

  File: 7-912227
  Officer: Marc Séguin

ROUND TABLE - CGA - JANUARY 10, 1992

QUESTION #21

Does the Department allow the deduction of fees paid to investment counsel under paragraph 20(1)(bb) of the Act in relation to acquiring an interest in buildings?

ANSWER

No. The Department is of the opinion that such interests are not  securities for the purposes of the Act.