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.
Dear Sirs:
This is in reply to your May 25, 1988 letter concerning paragraph (c) of proposed section 6208 of the Income Tax Regulations.
The Department of Finance has advised us that they have replied to your ray 25, 1988 letter to then and that they will recommend changes to paragraph (c) of proposed section 6208 of the Income Tax Regulations to provide for situations where a taxpayer may become entitled to cash in lieu of a fraction of a share upon the conversion or exchange of the debt obligation.
We trust that this matter has now been resolved to your satisfaction.
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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