I-3 - Taxation Act

Section 1015.0.3 Disposition versions

2011-12-09

1015.0.3. For the purposes of subparagraph a of the second paragraph of section 1015, an amount that is deemed to have been received by a taxpayer as a benefit under or because of section 49 or any of sections 50 to 52.0.1 is remuneration paid as a bonus, except the portion of the amount that is

(a)  deductible by the taxpayer under section 725.2 in computing the taxpayer’s taxable income for a taxation year;

(b)  deemed to have been received in a taxation year as a benefit because of a disposition of securities to which section 49.2 applies; or

(c)  determined under subparagraph b of the first paragraph of section 725.2.3 to be deductible by the taxpayer under section 725.2.2 in computing the taxpayer’s taxable income for a taxation year.

2011, c. 34, s. 68.