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Versions of s. 34.2(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. 2013-12-12 to present available View Source
    Subject to subsection (5), if a corporation (other than a professional corporation) becomes a member of a partnership during a fiscal period of the partnership (in this subsection referred to as the “particular period”) that begins in the corporation’s taxation year and ends after the taxation year but on or before the filing-due date for the taxation year and the corporation has a significant interest in the partnership at the end of the particular period, the corporation may include in computing its income for the taxation year the lesser of
    Full text

    Subject to subsection (5), if a corporation (other than a professional corporation) becomes a member of a partnership during a fiscal period of the partnership (in this subsection referred to as the “particular period”) that begins in the corporation’s taxation year and ends after the taxation year but on or before the filing-due date for the taxation year and the corporation has a significant interest in the partnership at the end of the particular period, the corporation may include in computing its income for the taxation year the lesser of

  2. 2011-12-15 to 2013-12-12 View Source
    ForSubject theto purposessubsection (5), if a corporation (other than a professional corporation) becomes a member of a partnership during a fiscal period of the definitionpartnership qualifying(in fiscalthis periodsubsection referred to as the “particular period”) that begins in subsectionthe 34.2(1)corporation’s taxation year and subparagraphsends 34.2(6)(b)(i)after the taxation year but on or before the filing-due date for the taxation year and 34.2(6)(c)(i),the corporation has a referencesignificant tointerest ain particularthe businesspartnership at the end of a taxpayer includes another business substituted therefor, or for which the particular business was substituted, byperiod, the taxpayercorporation wheremay include in computing its income for the taxation year the lesser of
    Full text

    Subject to subsection (5), if a corporation (other than a professional corporation) becomes a member of a partnership during a fiscal period of the partnership (in this subsection referred to as the “particular period”) that begins in the corporation’s taxation year and ends after the taxation year but on or before the filing-due date for the taxation year and the corporation has a significant interest in the partnership at the end of the particular period, the corporation may include in computing its income for the taxation year the lesser of

  3. 2004-08-31 to 2011-12-15 View Source

    For the purposes of the definition qualifying fiscal period in subsection 34.2(1) and subparagraphs 34.2(6)(b)(i) and 34.2(6)(c)(i), a reference to a particular business of a taxpayer includes another business substituted therefor, or for which the particular business was substituted, by the taxpayer where