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Versions of s. 188(1)(a)

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.

  1. 2018-06-21 to present available View Source
    the taxation year of the charity that would otherwise have included that day is deemed to end at the end of that day;
    Full text

    the taxation year of the charity that would otherwise have included that day is deemed to end at the end of that day;

  2. 2005-05-13 to 2018-06-21 View Source
    pay a tax under this Part for the taxation year equal to the amount determined by the formula A + B - C - D - E - F where A is the total of all amounts each of which is the fair market value of an asset of the charity onthat thewould otherwise have included that day (inis this section referreddeemed to as the “valuation day”) that is 120 days before the day on which the notice of the Minister’s intention to revoke the charity’s registration is mailed, if the registration is revoked under subsection 168(2), or the charity is, under subsection 5(1) of the Charities Registration (Security Information) Act, served with a copy of a certificate, if the registration is revoked under subsection 168(3). B is the total of all amounts each of which is the amount of a gift for which it issued a receipt described in subsection 110.1(2) or 118.1(2) in the period (in this section referred to as the “winding-up period”) that begins on the valuation day and ends immediately before the payment day, or an amount received by it in the winding-up period from a registered charity, C is the total of all amounts each of which is the fair market value,end at the timeend of the transfer, of an asset transferred by it in the winding-up period to a qualified donee, D is the total of all amounts each of which is expended by it in the winding-up period on charitable activities carried on by it, E is the total of all amounts each of which is paid by it in the winding-up period in respect of its debts that were outstanding on the valuation day and not included in determining the value of, and F is the total of all amounts each of which is a reasonable expense incurred by it in the winding-up period and not included in determining the value of D; andday;
    Full text

    the taxation year of the charity that would otherwise have included that day is deemed to end at the end of that day;

  3. 2004-08-31 to 2005-05-13 View Source

    pay a tax under this Part for the year equal to the amount determined by the formula A + B - C - D - E - F where A is the total of all amounts each of which is the fair market value of an asset of the charity on the day (in this section referred to as the “valuation day”) that is 120 days before the day on which the notice of the Minister’s intention to revoke the charity’s registration is mailed, if the registration is revoked under subsection 168(2), or the charity is, under subsection 5(1) of the Charities Registration (Security Information) Act, served with a copy of a certificate, if the registration is revoked under subsection 168(3). B is the total of all amounts each of which is the amount of a gift for which it issued a receipt described in subsection 110.1(2) or 118.1(2) in the period (in this section referred to as the “winding-up period”) that begins on the valuation day and ends immediately before the payment day, or an amount received by it in the winding-up period from a registered charity, C is the total of all amounts each of which is the fair market value, at the time of the transfer, of an asset transferred by it in the winding-up period to a qualified donee, D is the total of all amounts each of which is expended by it in the winding-up period on charitable activities carried on by it, E is the total of all amounts each of which is paid by it in the winding-up period in respect of its debts that were outstanding on the valuation day and not included in determining the value of, and F is the total of all amounts each of which is a reasonable expense incurred by it in the winding-up period and not included in determining the value of D; and