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/DM'S OFFICE Y.S. 93-5826T
ADM'S OFFICE
CENTRAL RECORDS
RETURN TO RULINGS,
ROOM 303,
MET. BLDG.
AUTHOR,OF CORPORATE CASE FILE
October 22, 1993
XXXXXXXXXX
Dear XXXXXXXXXX
I am writing in reply to your correspondence of September 9, 1993, regarding a letter dated March 24, 1993, fromXXXXXXXXXX I apologize for the delay in replying.
XXXXXXXXXX
I am sure you will appreciate that, as a matter of policy, most proposed amendments to the law are kept secret until announced in Parliament. The proposed legislation introducing the small business investment tax credit was announced on December 2, 1992, and applies only to qualifying property acquired after December 2, 1992. There is no basis in law for extending this tax credit to property acquired before that time. Consequently, XXXXXXXXXX is not eligible for the tax credit for this particular acquisition but may, of course, take advantage of the program for other acquisitions.
I regret that I am unable to give a favourable response to your enquiry but I trust my comments will provide you with sufficient information to enable you to respond to your constituent.
Yours sincerely,
Garth Turner
Cal Brown
957-2131
932738
October 15, 1993
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© Her Majesty the Queen in Right of Canada, 1993
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© Sa Majesté la Reine du Chef du Canada, 1993
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