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I-3 - Taxation Act
Section 92.5.2
Disposition versions
92.5.2. There shall be included in computing the income of a taxpayer for a taxation year from a property the aggregate of all amounts each of which is the amount determined by the formula
A - B.
For the purposes of the formula in the first paragraph,
(a) A is an amount paid at a particular time in the year out of the taxpayer’s NISA Fund No. 2; and
(b) B is the amount by which
i. the aggregate of all amounts each of which is deemed to have been paid before the particular time out of the NISA Fund No. 2
(1) of the taxpayer under section 92.5.2.1 or section 656.3 or 660.1, as it read in its application to the taxpayer’s taxation year 2015, or
(2) of another person under section 437.1 or 462.0.1, on being transferred to the taxpayer’s NISA Fund No. 2, exceeds
ii. the aggregate of all amounts each of which is the amount by which an amount otherwise determined under this section in respect of a payment out of the taxpayer’s NISA Fund No. 2, before the particular time, was reduced because of the letter described in this subparagraph.
92.5.2. There shall be included in computing the income of a taxpayer for a taxation year from a property the aggregate of all amounts each of which is the amount determined by the formula
A - B.
For the purposes of the formula in the first paragraph,
(a) A is an amount paid at a particular time in the year out of the taxpayer’s NISA Fund No. 2; and
(b) B is the amount by which
i. the aggregate of all amounts each of which is deemed to have been paid before the particular time out of the NISA Fund No. 2
(1) of the taxpayer under any of sections 92.5.2.1, 656.3 and 660.1, or
(2) of another person under section 437.1 or 462.0.1, on being transferred to the taxpayer’s NISA Fund No. 2, exceeds
ii. the aggregate of all amounts each of which is the amount by which an amount otherwise determined under this section in respect of a payment out of the taxpayer’s NISA Fund No. 2, before the particular time, was reduced because of the letter described in this subparagraph.
92.5.2. There shall be included in computing the income of a taxpayer for a taxation year from a property the aggregate of all amounts each of which is the amount determined by the formula
A − B.
For the purposes of the formula in the first paragraph,
(a) A is an amount paid at a particular time in the year out of the taxpayer’s NISA Fund No. 2; and
(b) B is the amount by which
i. the aggregate of all amounts each of which is deemed to have been paid before the particular time out of the NISA Fund No. 2
(1) of the taxpayer under section 656.3 or 660.1, or
(2) of another person under section 437.1 or 462.0.1, on being transferred to the taxpayer’s NISA Fund No. 2, exceeds
ii. the aggregate of all amounts each of which is the amount by which an amount otherwise determined under this section in respect of a payment out of the taxpayer’s NISA Fund No. 2, before the particular time, was reduced because of the letter described in this subparagraph.
