11 January 1990 Income Tax Severed Letter AC59319 - Approval of Company Restructuring

By services, 22 July, 2022
Official title
Approval of Company Restructuring
Language
English
Document number
Citation name
AC59319
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
657425
Extra import data
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"field_proprietary_citation": [],
"field_release_date_new": "1990-01-11 07:00:00",
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Main text
19(1)                                             5-9319
                                                  R.B. Day
                                                  (613) 957-2136
JAN 11 1990

19(1) 24(1)

We are writing in reply to you letter of December 19, 1989, wherein you requested our approval of the proposed restructuring of the Company.

We reviewed your submission, with specific reference to the corporate structure set out in Exhibit 2 of your submission. This restructuring would appear to be acceptable within the guidelines discussed during our meeting of December 7, 1989.

However, since the corporate restructuring relates to a factual situation and proposed transactions that can only be considered within the ambit of an advance income tax ruling request, you may wish to re-submit your request for approval in a formal request for an advance income tax ruling.

Yours truly,

B.W. Dath Director Business and General Division Specialty Rulings Directorate Legislative and Intergovernmental Affairs Branch