I-3 - Taxation Act

Section 965.0.43 Disposition versions

2022-06-08

965.0.43. An amount is deemed to have been received at a particular time by a beneficiary, within the meaning of the second paragraph of section 646, of a deceased annuitant’s succession and not by the legal representative of the deceased annuitant, where

(a)  the amount is described in paragraph f of the definition of “advanced life deferred annuity” in section 965.0.38;

(b)  the amount was paid to the legal representative;

(c)  the beneficiary is a person described in paragraph a of section 965.0.40;

(d)  the beneficiary is entitled to the amount in full or partial satisfaction of the beneficiary’s rights as a beneficiary under the deceased annuitant’s succession; and

(e)  the amount is designated jointly by the legal representative and the beneficiary in the prescribed form filed with the Minister.

2022, c. 23, s. 88.