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.
ADM (2)Return signed copy to:Technical Review PublicationsDivision, Room 1016, Cumberland Place
19(1)
I am responding to your letter of April 4, 1990, asking for a reconsideration of the remission request on behalf of your client, 24(1)
Your request concerning the branch tax is on the grounds that the proper application of subsection 250(5) of the Income Tax Act will give rise to unjustified results if 24(1) completes certain contemplated transactions. As discussed in your recent telephone conversation with Mr. R. Shultis, a remission of branch tax in this case involves considerations of tax policy and would have to be sponsored by the Department of Finance. Therefore, I suggest you write to Mr. Ian E. Bennett, Senior Assistant Deputy Minister, Tax Policy and Legislation Branch, Department of Finance.
You also seek remission 24(1)
As indicated in the Department's advance ruling issued to you on March 3, 1989, 24(1)
24(1)
While I regret that this reply could not be more favourable, I trust that the foregoing comments clarify the Department's position.
Yours sincerely,
R.J.L. Read
Acting Assistant Deputy Minister Legislative and Intergovernmental Affairs Branch
c.c.: The Honourable Otto Jelinek, P.C., M.P., Minister of National Revenue Mr. Ian Bennett
SP/clMay 16, 1990S. Parnanzone 957-9232
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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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