19 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
658026
Extra import data
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"menu:://Federal Income Tax [CCH Tax ]/Tax Window Files/Tax Window Files/Tax Window Files/1990s/1991 [NV91_275 - SE91_209.211]/SE91_118 — Grandfathering and Prop0sed Legislation"
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"field_proprietary_citation": [],
"field_release_date_new": "1991-09-19 08:00:00",
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}
Main text

CANADIAN TAX FOUNDATION

                         B.C. CONFERENCE
                         SEPTEMBER 1991

QUESTION 36 - GRANDFATHERING AND PROP0SED LEGISLATION

QUESTION

In what circumstances is Revenue Canada prepared to provide comfort letters on the eligibility of a transaction for grandfathered status under proposed legislation?

DEPARTMENT'S POSITION

As stated in paragraph 22 of IC 70-6R2 the Department does not provide advance rulings on budget resolutions and proposals that are not yet law, or on draft legislation. The Department will however give opinions on legislative Bills relating to proposed legislation or budget resolutions and Ways and Means Motions where the proposals are in the form of draft law. Such opinion letters may address the eligibility of a transaction for granfathered status under proposed legislation. These opinions are not binding on the Department and there is no fee charged for them.

Canadian Tax Foundation - B.C. Conference September 1991 L. Holloway Section 23

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