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.
| 24(1) |
902873 |
| |
L. Holloway |
| |
(613) 957-2104 |
| 19(1) |
October 24, 1990
Dear Sirs:
Re: Political Contributions under Section 127(3) of the Income Tax Act
This is in response to your letters dated October 16, 1990 and October 18, 1990 requesting copies of a 1989 Advance Tax Ruling regarding the tax credit available for political contributions under subsection 127(3) of the Income Tax Act. As discussed by telephone, this directorate is not aware of an Advance Income Tax Ruling pertaining to subsection 127(3) having been issued during 1989. If such a Ruling had been issued, it would refer to one or more taxpayers by name, and the confidentiality provisions of the Income Tax Act would prohibit the Department from supplying you with a copy. However, we offer the following general comments.
The Income Tax Act does not restrict the manner in which registered political parties may spend their funds. The rules governing the operation of registered political parties are contained in the Canada Elections Act and are administered by the Chief Electoral Officer. The responsibility of Revenue Canada is to ensure that only bona fide contributors to registered political parties and officially nominated candidates at federal elections receive the tax credit provided by subsection 127(3).
We trust this 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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