Subsection 15.1(1) - Interest on small business development bonds
Administrative Policy
26 June 1992 T.I. 921710 (December 1992 Access Letter, p. 10, ¶C9-252; Tax Window, No. 21, p. 5, ¶2026)
General comments concerning the proposed SDDB legislation.
Subsection 15.1(3) - Definitions
Qualifying Debt Obligation
Administrative Policy
23 November 1992, T.I. 923079 (September 1993 Access Letter, p. 407, ¶C9-285)
A transaction that took the form of a lease generally would not establish a debtor/creditor relationship and, therefore, generally would not give rise to a debt for purposes of the financial difficulty provision of paragraph (f).
Small Business Development Bond
Administrative Policy
17 July 1992 T.I. 922052 (May 1993 Access Letter, p. 190, ¶C9-263)
Discussion of information RC will require to determine whether a corporation is in financial difficulty.
Paragraph 15.1(3)(b)
Administrative Policy
81 C.R. - Q.8
Discussion of financial difficulty criteria.