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) |
F. Fontaine |
| |
(613) 957-2094 |
June 4, 1990
19(1)
The Honourable Otto Jelinek, Minister of National Revenue, has asked me to respond to your letter of April 2, 1990 received from the office of 19(1) in which you request information on obtaining an advance ruling concerning a business venture that you have in mind.
Revenue Canada, Taxation will issue an advance income tax ruling as to how it will interpret specific provisions of the Income Tax Act in respect of a future transaction that is seriously being contemplated. In addition, you may obtain over-the-counter assistance on other matters at your local district office.
We are forwarding a copy of Information Circular 70-6R entitled Advance Income Tax Rulings dated December 18, 1978. The Circular outlines the procedures to be followed in applying for an advance ruling. We will be pleased to consider your application upon receipt of the relevant facts and other information described in the Circular. Effective April 18, 1990 the fee for an advance income tax ruling has been increased to $80 per hour while the required initial deposit is now $400. We also enclose a copy of the Business and Professional Income Tax Guide for your information.
We hope that the above comments and enclosures will be of assistance to you.
Yours truly,
B.W. DathDirectorBusiness and General DivisionSpecialty Rulings 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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