6 September 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
656878
Extra import data
{
"field_external_guid": [
"menu:://Federal Income Tax [CCH Tax ]/Tax Window Files/Tax Window Files/Tax Window Files/1990s/1991 [NV91_275 - SE91_209.211]/SE91_189 — Joint Exploration Corporations"
],
"field_proprietary_citation": [],
"field_release_date_new": "1991-09-06 08:00:00",
"field_tags": []
}
Main text
24(1)
                                             5-912414
                                             B. Rankin
                                             (613) 957-9768
          19(1)

Dear Sirs:

Re: Joint Exploration Corporations

This is in reply to your August 27, 1991 request for a technical interpretation concerning the definition of "joint exploration corporation".

We confirm that a principal business corporation will not be disqualified as being a "joint exploration corporation", within the meaning of paragraph 66(15)(g) of the Act solely by virtue of its having had, in the aggregate, more than ten (10) shareholders since incorporation, provided it did not have more than ten (10) shareholders at any particular time.

Yours truly,

Chief Resource Industries Section Bilingual Services and Resource Industries Division Rulings Directorate

000189