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

Section 1086r23 Disposition versions

2012-09-01

1086R23. A corporation governed by an Act establishing a labour-sponsored fund must file an information return in prescribed form in respect of the following shares:

(a)  any class “A” share of its capital stock that it issues and, if it is governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), any class “B” share of its capital stock that it issues; and

(b)  any replacement share, within the meaning assigned by the first paragraph of section 776.1.5.0.1 or 776.1.5.0.6 of the Act, that was not acquired and should have been acquired in accordance with subdivision 2 of Division II of Chapter III of Title III of Book V of Part I of the Act or in accordance with subdivision 2 of Division III of that Chapter III, as the case may be.

The information return in respect of a share described in subparagraph a of the first paragraph must be sent to the Minister not later than

(a)  where the share is issued during the first 60 days of a calendar year, 31 March of that calendar year; and

(b)  in all other cases, 31 March of the calendar year following the year in which the share is issued.

The information return in respect of a share described in subparagraph b of the first paragraph must be sent to the Minister not later than 31 March of the calendar year following the calendar year for which that replacement share should have been acquired.

s. 1086R8.1.6; O.C. 473-95, s. 43; O.C. 1633-96, s. 35; O.C. 1707-97, s. 98; O.C. 1466-98, s. 126; O.C. 1470-2002, s. 80; O.C. 134-2009, s. 1.