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

Section 360r5 Disposition versions

2012-09-01

360R5. For the purposes of Divisions II and IV to VI, a taxpayer who was a member of a partnership at the end of a fiscal period of the partnership, is deemed to receive or to become entitled to receive the amount, to the extent of the taxpayer’s share thereof, where the partnership, in the fiscal period, receives or becomes entitled to receive the amount, or to what would have been the taxpayer’s share thereof if the partnership had in the fiscal period, received or become entitled to receive the amount, where the partnership after the fiscal period becomes entitled to receive the amount, the amount of any assistance or benefit that the partnership receives or becomes entitled to receive in respect of expenses incurred in the fiscal period, whether such assistance or benefit is by way of a subsidy, bonus, rebate, forgivable loan, rebate of royalty or tax, deduction from royalty or tax, investment allowance or any other form.

s. 360R3.1; O.C. 2509-85, s. 7; O.C. 35-96, s. 17; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.