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Versions of s. 119.1(1), definition “split adjustment”

I-3.3 — Income Tax Act · 1 version

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

  1. 2015-06-23 to 2016-06-22 View Source

    split adjustment, of an individual for a taxation year, means the lesser of $50,000 and one half of the absolute value of the positive or negative amount determined by the formula A – B where A is the individual’s taxable income for the year; and B is the taxable income for the year of the individual’s eligible relation.