11 January 1990 Income Tax Severed Letter AC58651 - Impact of Ontario Manufacturing and Processing Deduction on Investment Tax Credit

By services, 22 July, 2022
Official title
Impact of Ontario Manufacturing and Processing Deduction on Investment Tax Credit
Language
English
Document number
Citation name
AC58651
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
658200
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1990-01-11 07:00:00",
"field_tags": []
}
Main text
5-8651
    19(1)                          M. Eisner
                                   (613) 957-2138

JAN 11 1990

Dear Sirs:

This is in reply to your letter of August 31, 1989 in which you requested an interpretation of the application of subsection 13(7.1) of the Income Tax Act with respect to the new Ontario Manufacturing and Processing one-time deduction from Ontario Income.

It is our understanding that the Province of Ontario has not released draft legislation concerning the deduction. As it is the Department's practice to provide opinions on proposed legislative changes only in circumstances where draft legislation is available, we are unable to provide you with the opinion you requested. However, we would be pleased to consider a new request for the interpretation when the draft legislation becomes available.

We apologize for the delay in replying.

Yours truly,

for Director Business and General Division Specialty Rulings Directorate Legislative and Intergovernmental Affairs Branch