Versions of s. 185(6)(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.

2013-06-26 to present available View Source

a payment at any time by the corporation on account of its liability shall discharge the other person’s liability only to the extent of the amount determined by the formula(A - B) × C/D where A is the total of the amount of the corporation’s liability, immediately before that time, under this Part in respect of the full amount of the dividend, and the amount of the payment, B is the amount of the corporation’s liability, immediately before that time, under this Act, C is the amount of the dividend received by the other person, and D is the full amount of the dividend.

Full text

a payment at any time by the corporation on account of its liability shall discharge the other person’s liability only to the extent of the amount determined by the formula(A - B) × C/D where A is the total of the amount of the corporation’s liability, immediately before that time, under this Part in respect of the full amount of the dividend, and the amount of the payment, B is the amount of the corporation’s liability, immediately before that time, under this Act, C is the amount of the dividend received by the other person, and D is the full amount of the dividend.
2004-08-31 to 2013-06-26 View Source

a payment at any time by the corporation on account of its liability shall discharge the other person’s liability only to the extent of the amount determined by the formula(A - B) × C/D where A is the total of the amount of the corporation’s liability, immediately before that time, under this Part in respect of the full amount of the dividend, and the amount of the payment, B is the amount of the corporation’s liability, immediately before that time, under this Act, C is the amount of the dividend received by the other person, and D is the full amount of the dividend.