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

Section 1086r43 Disposition versions

2012-09-01

1086R43. Where a corporation or a partnership has renounced, under section 726.4.17.12 or 726.4.17.13 of the Act, as the case may be, an amount in respect of an issue of flow-through shares or an issue of securities that are interests in the partnership, and where part of that amount is added to the account relative to certain issue costs of an individual having acquired such share or such security or would be added, if it were an individual, to the account relative to certain issue costs of a particular partnership having acquired such share or such security, the corporation that issued such share or the partnership that issued such security must file an information return in prescribed form, indicating the amount that, as applicable, is added to the account relative to certain issue costs of that individual or would be added to the account relative to certain issue costs of the particular partnership if the partnership were an individual.

The return filed under the first paragraph must be forwarded to the Minister on or before the later of

(a)  the last day of the month following the month in which the renunciation referred to in the first paragraph was made; and

(b)  the day on which a document must be filed at the latest with the Minister under section 359.12 of the Act where the return must be filed by a corporation, or under section 359.11 of the Act where it must be filed by a partnership or, as the case may be, under section 359.12.1 of the Act with regard to the renunciation of an amount in respect of Canadian exploration expenses that may reasonably be considered as having resulted in the amount that must be indicated in the return in accordance with the first paragraph.

s. 1086R8.14; O.C. 1539-93, s. 50; O.C. 473-95, s. 48; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.