Income Tax Paid by Investors, other than Promoters Remission Order

SI/96-82

FINANCIAL ADMINISTRATION ACT

Registration 1996-09-18

Income Tax Paid by Investors, other than Promoters Remission Order

P.C. 1996-1374 1996-08-28

His Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of National Revenue, pursuant to subsection 23(2)Footnote * of the Financial Administration Act, hereby remits interest payable by a taxpayer, other than a promoter, in respect of any liability for a taxation year prior to the 1985 taxation year resulting from the disallowance of deductions claimed under the Overseas Credit and Guaranty Corporation limited partnerships and accepted by the taxpayer in a letter to the Chief of Appeals, Appeals Division, Ottawa Taxation Centre, in the form attached to Revenue Canada’s May 15, 1996, Offer of Settlement to Overseas Credit and Guaranty Corporation Participants and conforming to the terms of the Offer of Settlement or in any relevant Minutes of Settlement.

 
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