Versions of s. 104(16)(b)

I-3.3 — Income Tax Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2018-06-21 to present available View Source

the amount of a dividend described in paragraph (a) as having been received by a beneficiary at any time in a taxation year is equal to the amount determined by the formula A/B × C where A is the amount that became payable at that time by the SIFT trust to the beneficiary, B is the total of all amounts, each of which became payable in the taxation year by the SIFT trust to a beneficiary under the SIFT trust, and C is the SIFT trust’s non-deductible distributions amount for the taxation year;

Full text

the amount of a dividend described in paragraph (a) as having been received by a beneficiary at any time in a taxation year is equal to the amount determined by the formula A/B × C where A is the amount that became payable at that time by the SIFT trust to the beneficiary, B is the total of all amounts, each of which became payable in the taxation year by the SIFT trust to a beneficiary under the SIFT trust, and C is the SIFT trust’s non-deductible distributions amount for the taxation year;
2007-06-22 to 2018-06-21 View Source

the amount of a dividend described in paragraph (a) as having been received by a beneficiary at any time in a taxation year is equal to the amount determined by the formula A/B × C where A is the amount that became payable at that time by the SIFT trust to the beneficiary, B is the total of all amounts, each of which became payable in the taxation year by the SIFT trust to a beneficiary under the SIFT trust, and C is the SIFT trust’s non-deductible distributions amount for the taxation year;