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.
February 27, 1990
Mr. Wallace G. Conway Wm. R. McColm
Chief, Corporate Reorganization 957-2068
and Distribution
Tax Policy and Legislation branch BY HAND
Department of Finance I-3462
140 O'Connor Street
L'Esplanade Laurier
17th Floor, East Tower
Ottawa, Ontario K1A OG5
Dear Wally:
Re: Portfolio Investments
Section 94.1 of the Income Tax Act
Attached for your information is a submission received from our Specialty Rulings Directorate in connection with an request for an advance income tax ruling concerning section 94.1 of the Income Tax Act.
We understand that you have already had some discussions with Mike Hiltz concerning this matter, that they are forwarding these materials at your request and that they are interested in knowing the policy intended with the use of the term "portfolio investment" in section 94.1.
May we have your comments.
Yours sincerely,
B.J. Bryson
Acting Director
Current Amendments and
Regulations Division
Attach.
Document Disclosed Pursuant to the Access to Information Act
Document Divulgué en vertu de la loi sur l'accès à l'information
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© Her Majesty the Queen in Right of Canada, 1990
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1990
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