2 June 1994 External T.I. 9413805 - COST OF AN ADVANCED INCOME TAX RULING

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.

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.

Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.

		5-941380
XXXXXXXXXX                       	Franklyn S. Gillman

June 2, 1994

Dear XXXXXXXXXX:

Re: Cost of Advance Income Tax Ruling

This is in reply to your letter we received on May 27, 1994 wherein you requested information with regards to the cost and time required to obtain an advance income tax ruling (a "Ruling") with respect to a proposed transaction that involves a limited partnership which you are contemplating to create.

Due to the many variables involved during the process of reviewing the facts and the documents to proposed transactions including the preparation of the advance income tax ruling document itself, it is not possible to foresee the cost nor the amount of time involved in such a process.

Revenue Canada, Customs, Excise and Taxation (the "Department") has issued an Information Circular 70-6R2 dated September 28, 1990 entitled "Advance Income Tax Rulings", wherein the Department provides the information a client may require in order to obtain a Ruling. This publication has been updated by a special release on September 30, 1992.

We have enclosed both these publications for your perusal.

We trust these publications will be of assistance.

Yours truly,

for Director
Manufacturing Industries,
Partnerships and Trusts Division
Rulings Directorate
Legislative and Intergovernmental
Affairs Branch

encls.