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

Section 125.0.2r2 Disposition versions

2012-09-01

125.0.2R2. For the purposes of subparagraph b of the first paragraph of section 125.0.2 of the Act, where at any time in a taxation year of a taxpayer an indexed debt obligation is an obligation of the taxpayer, the amount that would be determined in accordance with section 125.0.1R4 in respect of the taxpayer for the year if, at each time at which the obligation is an obligation of the taxpayer, the taxpayer were the holder of the obligation and not the debtor under the obligation, is deemed to be interest received or receivable by the taxpayer in the year in respect of the obligation.

s. 125.0.2R2; O.C. 1454-99, s. 10; O.C. 134-2009, s. 1.