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Versions of s. 80(15)(b)

I-3.3 — Income Tax Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2017-01-01 to present available View Source
    for the purpose of paragraph 80(15)(a),(a), the relevant limit in respect of the partnership obligation is the amount that would be included in computing the member’s income for the year as a consequence of the application of subsection 80(13)(13) and section 96 to the settlement of the partnership obligation if the partnership had designated amounts under subsections 80(5),(5), 80(7),(8), 80(8), 80(9)(9) and 80(10)(10) to the maximum extent permitted in respect of each obligation settled in that fiscal period and if income arising from the application of subsection 80(13)(13) were from a source of income separate from any other sources of partnership income; and
    Full text

    for the purpose of paragraph (a), the relevant limit in respect of the partnership obligation is the amount that would be included in computing the member’s income for the year as a consequence of the application of subsection (13) and section 96 to the settlement of the partnership obligation if the partnership had designated amounts under subsections (5), (8), (9) and (10) to the maximum extent permitted in respect of each obligation settled in that fiscal period and if income arising from the application of subsection (13) were from a source of income separate from any other sources of partnership income; and

  2. 2004-08-31 to 2017-01-01 View Source

    for the purpose of paragraph 80(15)(a), the relevant limit in respect of the partnership obligation is the amount that would be included in computing the member’s income for the year as a consequence of the application of subsection 80(13) and section 96 to the settlement of the partnership obligation if the partnership had designated amounts under subsections 80(5), 80(7), 80(8), 80(9) and 80(10) to the maximum extent permitted in respect of each obligation settled in that fiscal period and if income arising from the application of subsection 80(13) were from a source of income separate from any other sources of partnership income; and