7 February 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
657766
Extra import data
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"menu:://Federal Income Tax [CCH Tax ]/Tax Window Files/Tax Window Files/Tax Window Files/1990s/1991 [MR91_194.197 - FE91_224.226]/FE91_217 — Definition of \\\"Prescribed Venture Capital Corporation\\\""
],
"field_proprietary_citation": [],
"field_release_date_new": "1991-02-07 07:00:00",
"field_tags": []
}
Main text
24(1)                     5-903694
                                   M. Shea-DesRosiers
                                   (613) 957- 8953
               19(1)

February 7, 1991

Dear Sirs:

This is in reply to your letter of December 20, 1990  concerning
the possibility of having             24(1)              qualify as
a prescribed venture capital corporation.

"Prescribed venture capital corporation" is defined in section 6700 of the Income Tax Regulations. Only the Department of Finance, which is responsible for the enactment of the income tax legislation, has the authority to qualify a corporation as a "prescribed venture capital corporation". We therefore refer you to the Department of Finance to obtain an answer to your particular situation.

We regret not being able to assist you.

Yours, truly,

for Director Financial Industries Division Rulings Directorate

                                                           000217