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Versions of s. 188(2)

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
    A person who, after the time that is 120 days before the end of the taxation year of a charity that is deemed by subsection (1) to have ended, receives property from the charity, is jointly and severally, or solidarily, liable with the charity for the tax payable under subsection (1.1) by the charity for that taxation year for an amount not exceeding the total of all appropriations, each of which is the amount by which the fair market value of such a property at the time it was so received by the person exceeds the consideration given by the person in respect of the property.
    Full text

    A person who, after the time that is 120 days before the end of the taxation year of a charity that is deemed by subsection (1) to have ended, receives property from the charity, is jointly and severally, or solidarily, liable with the charity for the tax payable under subsection (1.1) by the charity for that taxation year for an amount not exceeding the total of all appropriations, each of which is the amount by which the fair market value of such a property at the time it was so received by the person exceeds the consideration given by the person in respect of the property.

  2. 2005-05-13 to 2018-06-21 View Source
    A person (other than a qualified donee) who, after the valuationtime daythat is 120 days before the end of the taxation year of a charity,charity that is deemed by subsection (1) to have ended, receives an amountproperty from the charitycharity, is jointly and severallyseverally, or solidarily, liable with the charity for the tax payable under subsection 188(1)(1.1) by the charity infor that taxation year for an amount not exceeding the total of all appropriations, each of which is the amount by which the totalfair market value of all such amountsa property at the time it was so received by the person exceeds the totalconsideration given by the person in respect of allthe amounts each of which isproperty.
    Full text

    A person who, after the time that is 120 days before the end of the taxation year of a charity that is deemed by subsection (1) to have ended, receives property from the charity, is jointly and severally, or solidarily, liable with the charity for the tax payable under subsection (1.1) by the charity for that taxation year for an amount not exceeding the total of all appropriations, each of which is the amount by which the fair market value of such a property at the time it was so received by the person exceeds the consideration given by the person in respect of the property.

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

    A person (other than a qualified donee) who, after the valuation day of a charity, receives an amount from the charity is jointly and severally liable with the charity for the tax payable under subsection 188(1) by the charity in an amount not exceeding the amount by which the total of all such amounts so received by the person exceeds the total of all amounts each of which is