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I-3 - Taxation Act

Section 1026.1
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1026.1. Sections 1025 and 1026 do not apply to an individual for a particular taxation year where
(a)  the individual’s chief source of income for the particular year is farming or fishing and the individual’s net tax owing for the particular year, or for either of the two preceding taxation years, does not exceed the individual’s instalment threshold for that year;
(b)  the individual’s net tax owing for the particular year, or for each of the two preceding taxation years, does not exceed the individual’s instalment threshold for that year; or
(c)  the individual is, for the particular year, a succession that is a graduated rate estate.
Sections 1026 and 1026.0.1 do not apply to a SIFT trust.
1983, c. 49, s. 15; 1986, c. 15, s. 177; 1993, c. 64, s. 133; 1995, c. 1, s. 116; 2017, c. 1, s. 265.
1026.1. Sections 1025 and 1026 do not apply to an individual for a particular taxation year where
(a)  the individual’s chief source of income for the particular year is farming or fishing and the individual’s net tax owing for the particular year, or for either of the two preceding taxation years, does not exceed the individual’s instalment threshold for that year; or
(b)  the individual’s net tax owing for the particular year, or for each of the two preceding taxation years, does not exceed the individual’s instalment threshold for that year.
1983, c. 49, s. 15; 1986, c. 15, s. 177; 1993, c. 64, s. 133; 1995, c. 1, s. 116.
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