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.
Publications Division Business and General
Division
R.B. Day
95702136
R.C. Shultis Director
Revision of IT-304 Capital Cost Allowance - Condominiums
We are writing in reply to your memorandum of October 25, 1989, wherein you requested our comments regarding the interpretive aspects of this project.
Our Comments
We have reviewed Version 7 of this draft revision and have no comments to add regarding the interpretive aspects thereof. However, we offer the following minor comments regarding paragraphs 5 and 10.
Paragraph 5
We suggest that if the second sentence were punctuated to add either commas or parentheses around the words "which" and "condominium" it would be read more clearly. The sentence would then read as follows:
"For example, a single unit within the building (which would be a class 6 building if it were not a condominium) is itself considered to be a class 6 building."
Paragraph 10
In line 5 the comma after the word corporation should be a period and the word "allowing" should be capitalized in order to be consistent with the previous bulletin.
B.W. Dath Director Business and General Division Specialty Rulings Directorate Legislative and Intergovernmental Affairs Branch
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© Her Majesty the Queen in Right of Canada, 1989
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© Sa Majesté la Reine du Chef du Canada, 1989
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