Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
I-3 - Taxation Act
Section 1125.1
Disposition versions
1125.1. If a non-resident-owned investment corporation makes, at a particular time, a valid election for the purposes of subsection 1 of section 134.2 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), a new taxation year of the corporation is deemed to begin at that time.
Where an election to which the first paragraph refers was made, the prescribed form, together with a copy of every document transmitted to the Minister of Revenue of Canada in connection with that election, shall be transmitted to the Minister.
1125.1. Where a non-resident-owned investment corporation makes, at a particular time, a valid election for the purposes of subsection 1 of section 134.2 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement), the following rules apply:
(a) the corporation’s taxation year that would have included the elected time, determined for the purposes of section 134.2 of the Income Tax Act, if the corporation had not made that election, is deemed to end immediately before the elected time; and
(b) a new taxation year of the corporation is deemed to begin at the elected time.
Where an election to which the first paragraph refers was made, the prescribed form, together with a copy of every document transmitted to the Minister of Revenue of Canada in connection with that election, shall be transmitted to the Minister.
