Subsection 20.2(1) - Interest — authorized foreign bank — interpretation
1996 Corporate Management Tax Conference Round Table, Q. 1
It is RC's understanding that provisions of proposed s. 20.2 are intended to codify RC's administrative position. Also, representatives of the Department of Finance have publicly stated that, to the extent that the new provisions prove to be more restrictive than the existing administrative position, the new provisions will be modified to eliminate those discrepancies.
|Locations of other summaries||Wordcount|
|Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c)||9|