4 April 1991 Income Tax Severed Letter

By services, 22 July, 2022
Language
English
Document number
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
656656
Extra import data
{
"field_external_guid": [
"menu:://Federal Income Tax [CCH Tax ]/Tax Window Files/Tax Window Files/Tax Window Files/1990s/1991 [MA91_339 - 903198]/AP91_337 — Incorporation of Legal Practices"
],
"field_proprietary_citation": [],
"field_release_date_new": "1991-04-04 07:00:00",
"field_tags": []
}
Main text
19(1)                              910637
                                             C. Tremblay
                                             613) 952-1361

April 4, 1991

19(1)Re: Incorporation of Legal Practices

This is in reply to your letter of March 6, 1991, and further to a telephone conversation of April 3, 1991 (19(1) Tremblay), wherein we discussed the department's position in respect of a request for a ruling where the legislation has not yet been passed. We confirm that, since Ontario Legislature Bill 45 has not been proclaimed into law, we cannot issue a ruling that is based on a proposed transaction awaiting it's enactment. However, if you have general concerns and wish our views regarding transfers of assets from a partnership or a proprietorship to a corporation using section 85 of the Income Tax Act, we suggest you write to us for our comments.

Yours truly,

for Director Business and General Division Rulings Directorate Legislative and Intergovernmental Affairs Branch

                                                           000337