I-4 - Act respecting the application of the Taxation Act

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41. Where the actual amount is receivable from a person not dealing at arm’s length with the taxpayer referred to in section 36, the amount by which the actual amount exceeds the amount deemed to be the amount that the taxpayer has or may become entitled to receive under that section is deemed, for the purpose of computing the income of that person, not to be to the person an expense, outlay or cost, as the case may be.
1972, c. 24, s. 51; 1973, c. 17, s. 146; 2019, c. 142019, c. 14, s. 474.
41. Where the amount mentioned in section 36 is payable by a person not dealing at arm’s length with the taxpayer contemplated therein, the excess of the amount payable over the aggregate mentioned in the said section is deemed, for the purposes of computing the income of that person, not to be to him an expense, outlay or cost as the case may be.
1972, c. 24, s. 51; 1973, c. 17, s. 146.