I-3, r. 1 - Regulation respecting the Taxation Act

Section 1054r1 Disposition versions

2012-09-01

1054R1. For the purposes of subparagraph d of the first paragraph of section 1054 of the Act, the following documents are prescribed documents:

(a)  a declaration from the legal representative specifying the part of one or more capital losses from the disposition of capital property referred to in subparagraph a of the first paragraph of section 1054 of the Act and the part of any deductible amount referred to in subparagraph b of that paragraph in respect of which that subparagraph a or subparagraph b, as the case may be, applies;

(b)  where the declaration specifies the part of one or more capital losses from the disposition of capital property referred to in subparagraph a of the first paragraph of section 1054 of the Act, a statement of the capital gains and capital losses from the dispositions of the capital property referred to in paragraph a of section 1055 of the Act; and

(c)  where the declaration specifies the part of any deductible amount referred to in subparagraph b of the first paragraph of section 1054 of the Act,

i.  a statement of the undepreciated capital cost of depreciable property of each prescribed class referred to in paragraph b of section 1055 of the Act,

ii.  a statement of the amount which, but for that section 1054, would be the non-capital loss of the succession for its first taxation year, and

iii.  a statement of the amount which, but for that section 1054, would be the farm loss of the succession for its first taxation year.

s. 1054R1; O.C. 1981-80, s. 1054R1; R.R.Q., 1981, c. I-3, r. 1, s. 1054R1; O.C. 421-88, s. 34; O.C. 1549-88, s. 28; O.C. 134-2009, s. 1; O.C. 1303-2009, s. 24.