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.
24(1) 5-9218
G. Aresenault
(613) 957-2126
Attention 19(1)
June 1, 1990
Dear Sirs:
Re: Shareholder Benefits
This is in reply to your letter dated December 5, 1989.
The administrative position of the Department with regard to the application of subsection 15(1) in connection with single purpose corporations continues to be as previously stated in response to questions at Revenue Canada Round Tables. In particular we refer to our response to Question 20 at the Revenue Canada Round table session of the 1980 Canadian Tax foundation Annual Conference and to the supplemental questions responded to at the 1985, 1987, 1988 and 1989 Conferences, copies of which are enclosed herewith.
Yours truly,
for Director Reorganizations and Non-Resident Division Specialty Rulings Directorate Legislative and intergovernmental Affairs Branch
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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