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.
| 19(1) |
File No. 5-8953 |
| |
A.B. Adler |
| |
(613) 957-8962 |
November 10, 1989
Dear Sirs:
This is in reply to your letter dated October 24, 1989, and is further to ours of October 16, 1989, regarding the application of subsection 104(4) of the Income Act ("Act") to your example.
In our view subsection 104(4) of the Act will not apply at the time of the death of the survivor of A and B in the example in out letter of October 16, 1989.
As indicated in paragraph 24 of Information Circular 70-6R our written opinions are not binding on this Department. Should you wish to pursue this matter further we suggest that you request an advance ruling.
We trust that our comments are sufficient for your purposes.
Your truly,
for DirectorFinancial Industries DivisionRulings Directorate
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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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