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

Section 1086r44 Disposition versions

2012-09-01

1086R44. 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 by reason of the fact that that individual is a member of a particular partnership that acquired such share or such security, the particular partnership must file an information return in prescribed form, indicating the amount that is thus added to the account relative to certain issue costs of that 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 by the particular partnership under section 359.11 of the Act or, as applicable, 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. 1086R8.15; O.C. 1539-93, s. 50; O.C. 473-95, s. 48; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.