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.
| |
| |
January 3, 1989 |
| |
| Mr. A. Bissonette |
Current Amendments and |
| Director |
Regulations Division |
| Revenue Programs Division |
R.D. Weil (957-2066) |
| Assessing and Enquiries |
| Directorate |
F 3365 |
HBI 1417-3 |
1990 and 1991 Instalment Guides for Corporations
Further to our memo of November 14, 1989, we have now been advised that Bill C-75, which was given Royal Assent on July 21, 1988, was proclaimed in force on December 22, 1989 by Order-in-Council number P.C. 1989-2540.
The effect of this is that the 5% tax on taxable income earned in the Nova Scotia offshore area (paragraph 123(1)(b)) is repealed for taxation years commencing after December 22, 1989. Also, for purposes of the 10% federal tax abatement in section 124, the term "province" includes the Nova Scotia offshore area for such taxation years.
If you require any further information on this matter, please contact Rob Weil at the above number.
B.J. BrysonActing DirectorCurrent Amendments and Regulations Division
RDW/
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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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