Versions of s. 146.2(9)(b)

I-3.3 — Income Tax Act · 3 versions · View current text

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

2026-03-26 to present available View Source

there shall be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount determined by the formula A –− B − C where A is the amount of a payment made out of or under the trust, in satisfaction of all or part of the taxpayer’s beneficial interest in the trust, in the taxation year, after the holder’s death and at or before the exemption-end time, B is the amount designated in respect of the payment as an exempt contribution (as defined in subsection 207.01(1)), and BC is an amount designated by the trust not exceeding the lesser of the amount by which the amount of the payment exceeds the amount determined for B in respect of the payment, and the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the ~~value~~amount ofdetermined Bfor C in respect of any other payment made out of or under the ~~trust;~~trust prior to the payment; and

Full text

there shall be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount determined by the formula A − B − C where A is the amount of a payment made out of or under the trust, in satisfaction of all or part of the taxpayer’s beneficial interest in the trust, in the taxation year, after the holder’s death and at or before the exemption-end time, B is the amount designated in respect of the payment as an exempt contribution (as defined in subsection 207.01(1)), and C is an amount designated by the trust not exceeding the lesser of the amount by which the amount of the payment exceeds the amount determined for B in respect of the payment, and the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the amount determined for C in respect of any other payment made out of or under the trust prior to the payment; and
2013-06-26 to 2026-03-26 View Source

there shall be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount determined by the formula A – B where A is the amount of a payment made out of or under the trust, in satisfaction of all or part of the taxpayer’s beneficial interest in the trust, in the taxation year, after the holder’s death and at or before the exemption-end time, and B is an amount designated by the trust not exceeding the lesser of the amount of the payment, and the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the value of B in respect of any other payment made out of or under the trust; and

Full text

there shall be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount determined by the formula A – B where A is the amount of a payment made out of or under the trust, in satisfaction of all or part of the taxpayer’s beneficial interest in the trust, in the taxation year, after the holder’s death and at or before the exemption-end time, and B is an amount designated by the trust not exceeding the lesser of the amount of the payment, and the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the value of B in respect of any other payment made out of or under the trust; and
2009-03-12 to 2013-06-26 View Source

there shall be included in computing a taxpayer’s income for a taxation year the total of all amounts each of which is an amount determined by the formula A – B where A is the amount of a payment made out of or under the trust, in satisfaction of all or part of the taxpayer’s beneficial interest in the trust, in the taxation year, after the holder’s death and at or before the exemption-end time, and B is an amount designated by the trust not exceeding the lesser of the amount of the payment, and the amount by which the fair market value of all of the property held by the trust immediately before the holder’s death exceeds the total of all amounts each of which is the value of B in respect of any other payment made out of or under the trust; and