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.
| J.M. Legault |
Technical Review |
| Director |
Publications Division |
| Returns Processing Division |
S. Parnanzone |
| |
957-9232 |
| Attention: B. Gillrie |
File No. 90M03008 |
| Subject: Calculation of Part I.3 Tax Credit New Form to be Issued |
This is in reply to the request per T782 of January 19, 1990 to review the above-noted draft form. As a revised draft was received on February 26, 1990, we reviewed this draft instead of the earlier one.
Our review was based on the provisions of the Income Tax Act as proposed to be amended by Bill C-28 (as passed by the House of Commons on December 20, 1989) and the Department of Finance release 90-016 dated February 1, 1990.
Our only comment applies to the note referenced "*" (Area A) which deals with the computation of the Canadian surtax payable. The second sentence is not in accordance with the draft regulations released by the Department of Finance on February 1, 1990. While section 8601 of the draft regulations provides for an allocation based on taxable capital employed in Canada, the form incorrectly refers to taxable income earned in Canada.
Bernhard BuetowChiefTechnical Review SectionPublications DivisionLegislative Affairs Directorate
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© Her Majesty the Queen in Right of Canada, 1990
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1990
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