28 November 1988 Income Tax Severed Letter 5-6782 - [Partnership mergers]

By services, 22 July, 2022
Official title
[Partnership mergers]
Language
English
Document number
Citation name
5-6782
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
657174
Extra import data
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"field_proprietary_citation": [],
"field_release_date_new": "1988-11-28 07:00:00",
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Main text

C. Thériault (613) 957-8981

XXXX

November 28, 1988

Dear Sirs,

This is in reply to your letter dated October 12, 1988 wherein you asked for our position as to whether or not subsection 98(6) of the Income Tax Act (the "Act") is intended to apply to facilitate the voluntary merger of existing operating partnerships.

The Department's position continues to be that the provisions of subsection 98(6) of the Act do not apply to facilitate the merger of partnerships but they apply to deem a partnership to be the continuation of a predecessor partnership.

We trust the above comments will be of assistance to you.

Yours truly

for Director Bilingual Services and Resource Industries Division Rulings Directorate