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Versions of s. 160.3(3)(b)

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. 2013-06-26 to present available View Source
    a payment by the taxpayer on account of the taxpayer’s liability only discharges the other person’s liability only to the extent that the payment operates to reduce the taxpayer’s liability to an amount less than the amount in respect of which the other person was, by subsection 160.3(1),(1), made jointly and severallyseverally, or solidarily, liable.
    Full text

    a payment by the taxpayer on account of the taxpayer’s liability discharges the other person’s liability only to the extent that the payment operates to reduce the taxpayer’s liability to an amount less than the amount in respect of which the other person was, by subsection (1), made jointly and severally, or solidarily, liable.

  2. 2004-08-31 to 2013-06-26 View Source

    a payment by the taxpayer on account of the taxpayer’s liability only discharges the other person’s liability to the extent that the payment operates to reduce the taxpayer’s liability to an amount less than the amount in respect of which the other person was, by subsection 160.3(1), made jointly and severally liable.