1 June 1990 Income Tax Severed Letter AC59218 - Shareholder Benefits

By services, 22 July, 2022
Official title
Shareholder Benefits
Language
English
Document number
Citation name
AC59218
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
657437
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1990-06-01 08:00:00",
"field_tags": []
}
Main text
24(1)                                          5-9218
                                               G. Aresenault
                                               (613) 957-2126

Attention 19(1)

June 1, 1990

Dear Sirs:

Re: Shareholder Benefits

This is in reply to your letter dated December 5, 1989.

The administrative position of the Department with regard to the application of subsection 15(1) in connection with single purpose corporations continues to be as previously stated in response to questions at Revenue Canada Round Tables. In particular we refer to our response to Question 20 at the Revenue Canada Round table session of the 1980 Canadian Tax foundation Annual Conference and to the supplemental questions responded to at the 1985, 1987, 1988 and 1989 Conferences, copies of which are enclosed herewith.

Yours truly,

for Director Reorganizations and Non-Resident Division Specialty Rulings Directorate Legislative and intergovernmental Affairs Branch