Versions of s. 110.6(23)(a)

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.

2017-01-01 to present available View Source

there shall be added the amount determined by the formula(A - B) × C/D + E where A is the total of all amounts each of which is the elector’s share of the partnership’s income (other than a taxable capital gain from the disposition of a property) from a source or from sources in a particular place for its fiscal period that includes February 22, 1994, B is the total of all amounts each of which is the elector’s share of the partnership’s loss (other than an allowable capital loss from the disposition of a property) from a source or from sources in a particular place for that fiscal period, C is the number of days in the period that begins the first day of that fiscal period and ends February 22, 1994, D is the number of days in that fiscal period, and E is 4/3 of the amount that would be determined under paragraph 3(b) in computing the elector’s income for the taxation year in which that fiscal period ends if the elector had no taxable capital gains or allowable capital losses other than those arising from dispositions of property by the partnership that occurred before February 23, 1994; and

Full text

there shall be added the amount determined by the formula(A - B) × C/D + E where A is the total of all amounts each of which is the elector’s share of the partnership’s income (other than a taxable capital gain from the disposition of a property) from a source or from sources in a particular place for its fiscal period that includes February 22, 1994, B is the total of all amounts each of which is the elector’s share of the partnership’s loss (other than an allowable capital loss from the disposition of a property) from a source or from sources in a particular place for that fiscal period, C is the number of days in the period that begins the first day of that fiscal period and ends February 22, 1994, D is the number of days in that fiscal period, and E is 4/3 of the amount that would be determined under paragraph 3(b) in computing the elector’s income for the taxation year in which that fiscal period ends if the elector had no taxable capital gains or allowable capital losses other than those arising from dispositions of property by the partnership that occurred before February 23, 1994; and
2004-08-31 to 2017-01-01 View Source

there shall be added the amount determined by the formula(A - B) × C/D + E where A is the total of all amounts each of which is the elector’s share of the partnership’s income (other than a taxable capital gain from the disposition of a property) from a source or from sources in a particular place for its fiscal period that includes February 22, 1994, B is the total of all amounts each of which is the elector’s share of the partnership’s loss (other than an allowable capital loss from the disposition of a property) from a source or from sources in a particular place for that fiscal period, C is the number of days in the period that begins the first day of that fiscal period and ends February 22, 1994, D is the number of days in that fiscal period, and E is 4/3 of the amount that would be determined under paragraph 3(b) in computing the elector’s income for the taxation year in which that fiscal period ends if the elector had no taxable capital gains or allowable capital losses other than those arising from dispositions of property by the partnership that occurred before February 23, 1994; and