Versions of s. 132(4), definition “pro rata portion”

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.

2016-12-15 to present available View Source

pro rata portion, of a beneficiary, of a mutual fund trust’s TCP gains balance for a taxation year, in respect of an amount designated under subsection 104(21) by the mutual fund trust for the taxation year, means the amount determined by the formula A x B/C where A is the mutual fund trust’s TCP gains balance for the taxation year, B is the amount the mutual fund trust has designated under that subsection in respect of the beneficiary for the taxation year, and C is the total of all amounts designated under that subsection by the mutual fund trust for the taxation year; (partie proportionnelle)

Full text

pro rata portion, of a beneficiary, of a mutual fund trust’s TCP gains balance for a taxation year, in respect of an amount designated under subsection 104(21) by the mutual fund trust for the taxation year, means the amount determined by the formula A x B/C where A is the mutual fund trust’s TCP gains balance for the taxation year, B is the amount the mutual fund trust has designated under that subsection in respect of the beneficiary for the taxation year, and C is the total of all amounts designated under that subsection by the mutual fund trust for the taxation year; (partie proportionnelle)
2005-05-13 to 2016-12-15 View Source

pro rata portion, of a beneficiary, of a mutual fund trust’s TCP gains balance for a taxation year, in respect of an amount designated under subsection 104(21) by the mutual fund trust for the taxation year, means the amount determined by the formula A x B/C where A is the mutual fund trust’s TCP gains balance for the taxation year, B is the amount the mutual fund trust has designated under that subsection in respect of the beneficiary for the taxation year, and C is the total of all amounts designated under that subsection by the mutual fund trust for the taxation year;