I-3 - Taxation Act

Section 935.34 Disposition versions

2023-09-26

935.34. For the purposes of sections 935.32 and 935.33, the following rules apply:

(a)  a trust’s income includes a dividend described in sections 501 to 503;

(b)  the trust’s taxable capital gain or allowable capital loss from the disposition of a property is equal to its capital gain or capital loss, as the case may be, from the disposition of the property; and

(c)  a trust’s income is computed without reference to paragraph a of section 657.

2023, c. 19, s. 98.