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.
| 19(1) |
901901 |
| |
C. Tremblay |
| |
(613) 952-1361 |
| |
EACC9267 |
August 24, 1990
Dear Sirs:
Re: Catalogue Classification
This is to confirm your telephone conversation of August 17, 1990, with Mr. Bryan Dath of our Office. We are not aware of any income tax reason for some catalogues bearing a price and others not. In either case, the taxpayer would value his inventory of catalogues for income tax purposes in accordance with section 10 of the Income Tax Act and his revenue from the sale of catalogues would be the amount, if any, actually charged for the catalogues.
We trust our comments will be of assistance.
Yours truly,
for DirectorBusiness and General DivisionRulings DirectorateLegislative and Intergovernmental Affairs Branch
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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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