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← Historical versions

Versions of s. 207.05(3)

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. 2017-12-14 to present available View Source
    TheEach controlling individual of a registered plan in connection with which a tax is imposed under subsection (1) is jointly and severally, or solidarily, liable to pay the tax except that, if the advantage is extended by the issuerissuer, carrier or carrierpromoter of the registered plan or by a person with whom the issuerissuer, carrier or carrierpromoter is not dealing at arm’s length, the issuerissuer, carrier or carrier,promoter, and not the controlling individual, is liable to pay the tax.
    Full text

    Each controlling individual of a registered plan in connection with which a tax is imposed under subsection (1) is jointly and severally, or solidarily, liable to pay the tax except that, if the advantage is extended by the issuer, carrier or promoter of the registered plan or by a person with whom the issuer, carrier or promoter is not dealing at arm’s length, the issuer, carrier or promoter, and not the controlling individual, is liable to pay the tax.

  2. 2011-12-15 to 2017-12-14 View Source
    The holdercontrolling individual of a TFSAregistered plan in connection with which a tax is imposed under subsection (1) is liable to pay the tax except that, if the advantage is extended by the issuer or carrier of the TFSAregistered plan or by a person with whom the issuer or carrier is not dealing at arm’s length, the issuer,issuer or carrier, and not the holder,controlling individual, is liable to pay the tax.
    Full text

    The controlling individual of a registered plan in connection with which a tax is imposed under subsection (1) is liable to pay the tax except that, if the advantage is extended by the issuer or carrier of the registered plan or by a person with whom the issuer or carrier is not dealing at arm’s length, the issuer or carrier, and not the controlling individual, is liable to pay the tax.

  3. 2009-01-01 to 2011-12-15 View Source

    The holder of a TFSA in connection with which a tax is imposed under subsection (1) is liable to pay the tax except that, if the advantage is extended by the issuer of the TFSA or by a person with whom the issuer is not dealing at arm’s length, the issuer, and not the holder, is liable to pay the tax.