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.
| Minister's Office |
Y.S. 9214029 |
| Central Records |
| Return signed copy to Technical Interpretations |
| Division, Room 1016, Cumberland Place |
February 23, 1990
19(1)
I am writing in response to representations made on July 28, 1989, by your member of Parliament, the Honourable Tom Hockin, requesting a remission of tax on your behalf. I apologize for the length of time taken to complete the review that is necessary with such matters.
Your case was thoroughly reviewed and compared with the guidelines for recommending remissions. However, after careful consideration of the circumstances, it is regretted that a recommendation cannot be made for the remission of taxes paid as a result of the 24(1)
The law restricting the purchase of an IAAC became effective after November 12, 1981. However, it included a relieving provision for the purchase of an IAAC under a written agreement entered into before November 13, 1981. While only one payment was required to be made on or after November 13, 1981.
24(1)
I would like to thank you for writing and while the remission you requested cannot be granted, I trust that the foregoing comments explain how the law applies in these circumstances.
Yours sincerely,
R.J.L. ReadActing Assistant Deputy MinisterLegislative and Intergovernmental Affairs Branch
c.c.: Honourable Tom Hockin, P.C., M.P.
FF/cl
February 6, 1990
Author: Frank Fontaine/957-9228
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© His Majesty the King in Right of Canada, 1990
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© Sa Majesté le Roi du Chef du Canada, 1990
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