7 December 1989 Income Tax Severed Letter AC59161 - Investment by Canadian Unit Trust in a Brazilian Fund

By services, 22 July, 2022
Official title
Investment by Canadian Unit Trust in a Brazilian Fund
Language
English
Document number
Citation name
AC59161
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
656641
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1989-12-07 07:00:00",
"field_tags": []
}
Main text
19(1)                      5-9161
                                        A.B. Adler
                                        (613) 957-8962
Attention
            19(1)

December 7, 1989

This is in reply to your letter dated November 21, 1989 in which you requested a technical interpretation regarding the investment by a Canadian unit trust in a fund existing in Brazil.

As indicated in paragraph 23 of our Information Circular 70-6R we do not provide written opinions concerning proposed transactions.

Further, since we are not familiar with the Brazilian fund in question and the Brazilian legislation governing such funds we are not in a position to provide you with our general comments.

We suggest that you either request a ruling from this office or contact the relevant officials in your local taxation office in order to pursue the issues of concern to you.

Thank you for writing.

Yours truly,

for Director Financial Industries Division Rulings Directorate