I-3 - Taxation Act

Section 597.0.8 Disposition versions

2015-12-04

597.0.8. In applying this chapter at any specified time, in respect of a trust’s taxation year, that is before the particular time at which a contributor to the trust becomes resident in Canada within 60 months after making a contribution to the trust, the contribution is deemed to have been made at a time other than a non-resident time of the contributor if

(a)  in applying the definition of “non-resident time” in the first paragraph of section 593 at each of those specified times, the contribution was made at a non-resident time of the contributor; and

(b)  in applying the definition of “non-resident time” in the first paragraph of section 593 immediately after the particular time, the contribution is made at a time other than a non-resident time of the contributor.

2015, c. 36, s. 29.