Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
DATE June 20, 1988
To Current Amendments & Regulations Division Mr. John Shaw
FROM Bilingual Services and Resource Industries Division C. Thériault 957-8981
SUBJECT: Minimum Tax
We have been made aware of the following discrepancy between the French and English versions of paragraph 127.52(1)(i) and have been requested to comment on such.
The French text of paragraph 127.52(1)(i) is different from the English version. The French version restricts the deductibility of all losses pursuant to subsection 111(1) whereas the English version only restricts losses deductible pursuant to paragraphs 111(1)(a), (b), (c) and (d).
Before we prepare our reply, we would appreciate your comment on the determination of the adjusted taxable income for the calculation of minimum tax. Is it the intention of paragraph 127.52(1)(i) to restrict the deductibility of all losses pursuant to subsection 111(1) or only losses deductible pursuant to paragraphs 111(1)(a), (b), (c) and (d)?
Director General Rulings Directorate Legislative and Intergovernmental Affairs Branch
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© Her Majesty the Queen in Right of Canada, 1988
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© Sa Majesté la Reine du Chef du Canada, 1988
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