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.
| |
July 18, 1990 |
| Appeals Branch |
Financial Institution |
| Appeals and Referrals Division |
Section |
| |
J.P. Dunn |
| |
957-8961 |
| Attn. W. Lynn |
| Section Chief |
901146 |
| |
EACC9420 |
Section: 24(1)
We are writing in response to Dave Turner's memorandum of June 25, 1990 concerning the application of paragraph 212(1)(b) of the Income Tax Act (the "Act") 24(1)
It is our opinion that, in the circumstances described in your correspondence, Part XIII of the Act is applicable to the interest payments.
We are enclosing, for your perusal, a copy of our reply to Special Audits Division regarding similar situations.
We trust that our comments are of assistance to you.
for DirectorFinancial Industries DivisionRulings Directorate
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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