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

Section 1055.1r1 Disposition versions

2012-09-01

1055.1R1. An election under section 1055.1 of the Act is made by the legal representative of a deceased taxpayer by filing with the Minister a return from the legal representative setting out the following:

(a)  the amount of the benefit referred to in the portion of paragraph a of that section 1055.1 before subparagraph i;

(b)  the value of the right referred to in subparagraph i of paragraph a of that section 1055.1, and the amount paid by the taxpayer for the right;

(c)  the amount referred to in subparagraph ii of paragraph a of that section 1055.1 that has been deducted in computing the taxpayer’s taxable income; and

(d)  the amount of the loss referred to in paragraph b of that section 1055.1.

s. 1055.1R1; O.C. 1149-2006, s. 55; O.C. 134-2009, s. 1.