I-3 - Taxation Act

Section 752.0.10.2.1 Disposition versions

2015-10-21

752.0.10.2.1. The conditions to which the definition of “major cultural gift” in the first paragraph of section 752.0.10.1 refers in respect of an amount for a taxation year in relation to an individual, other than a trust, are as follows:

(a)  the amount was not taken into account in determining an amount that was deducted under section 752.0.10.6.1 in computing the individual’s tax payable under this Part for a preceding taxation year; and

(b)  the amount was not taken into account in determining an amount that was deducted under section 118.1 of the Income Tax Act (R.S.C. 1985, chapter 1 (5th Suppl.)) in computing the individual’s tax payable under that Act for a preceding taxation year in respect of which the individual was not subject to tax under this Part.

2015, c. 21, s. 280.