I-3 - Taxation Act

Section 1106.0.3 Disposition versions

2017-12-07

1106.0.3. (Repealed).

2003, c. 2, s. 289; 2017, c. 29, s. 207.

2006-03-01

1106.0.3. Where section 1106 applies in respect of a dividend paid by an investment corporation in the period that begins 60 days after the beginning of the corporation’s taxation year that includes 28 February 2000 or 17 October 2000 and ends 60 days after the end of that year, and the corporation so elects under this section in its fiscal return filed under this Part for the year, the following rules apply:

(a)  the portion of the dividend that is in respect of capital gains from dispositions of property that occurred in the year and before 28 February 2000 is deemed to be that proportion of the dividend that the number of days that are in that year and before 28 February 2000 is of the number of days that are in that year;

(b)  the portion of the dividend that is in respect of capital gains from dispositions of property that occurred in the year and in the period that began on 28 February 2000 and ended on 17 October 2000, is deemed to be that proportion of the dividend that the number of days that are in the year and in that period is of the number of days that are in the year; and

(c)  the portion of the dividend that is in respect of capital gains from dispositions of property that occurred in the year and in the period that began on 18 October 2000 and ended at the end of the year, is deemed to be that proportion of the dividend that the number of days that are in the year and in that period is of the number of days that are in the year.

2003, c. 2, s. 289.