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← Historical versions

Versions of s. 146.1(5)

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.

  1. 2017-12-14 to present available View Source
    No tax is payable under this Part by a trust that is governed by a RESP on theits taxable income of the trust for a taxation yearyear, if,except throughoutthat, theif periodat any time in the yeartaxation duringyear, whichit holds one or more properties that are not qualified investments for the trust, tax is payable under this Part by the trust was in existence,on the trustamount wasthat governedwould bybe aits registeredtaxable educationincome savingsfor plan.the taxation year if it had no income or losses from sources other than those properties, and no capital gains or capital losses other than from dispositions of those properties, and for that purpose,
    Full text

    No tax is payable under this Part by a trust that is governed by a RESP on its taxable income for a taxation year, except that, if at any time in the taxation year, it holds one or more properties that are not qualified investments for the trust, tax is payable under this Part by the trust on the amount that would be its taxable income for the taxation year if it had no income or losses from sources other than those properties, and no capital gains or capital losses other than from dispositions of those properties, and for that purpose,

  2. 2004-08-31 to 2017-12-14 View Source

    No tax is payable under this Part by a trust on the taxable income of the trust for a taxation year if, throughout the period in the year during which the trust was in existence, the trust was governed by a registered education savings plan.