Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 261(4)

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
    A taxpayer may revoke its election under paragraph (3)(b) by filing, on a day that is in a functional currency year of the taxpayer (other than its first functional currency year), a notice of revocation in prescribed form and manner. The revocation applies to each taxation year of the taxpayer that begins on or after the day that is six months after that day.
    Full text

    A taxpayer may revoke its election under paragraph (3)(b) by filing, on a day that is in a functional currency year of the taxpayer (other than its first functional currency year), a notice of revocation in prescribed form and manner. The revocation applies to each taxation year of the taxpayer that begins on or after the day that is six months after that day.

  2. 2009-03-12 to 2017-12-14 View Source
    If,A becausetaxpayer may revoke its election under paragraph (3)(b) by filing, on a day that is in a functional currency year of subsectionthe (3),taxpayer this(other subsectionthan its first functional currency year), a notice of revocation in prescribed form and manner. The revocation applies to a taxpayer for a particulareach taxation year of the taxpayer,taxpayer that begins on or after the day that is six months after that day.
    Full text

    A taxpayer may revoke its election under paragraph (3)(b) by filing, on a day that is in a functional currency year of the taxpayer (other than its first functional currency year), a notice of revocation in prescribed form and manner. The revocation applies to each taxation year of the taxpayer that begins on or after the day that is six months after that day.

  3. 2007-12-14 to 2009-03-12 View Source

    If, because of subsection (3), this subsection applies to a taxpayer for a particular taxation year of the taxpayer,