I-3 - Taxation Act

Section 1029.8.61.102 Disposition versions

2013-06-05

1029.8.61.102. For the purposes of section 1029.8.61.101, an amount paid in the year in respect of the acquisition or rental of a qualified property does not include

(a)  an amount in respect of which a taxpayer is or was entitled to a reimbursement, or another form of assistance, except to the extent that the amount is included in computing the income of any taxpayer and is not deductible in computing that taxpayer’s income or taxable income;

(b)  an amount that was taken into account in computing an amount deducted in computing an individual’s tax payable under this Part; and

(c)  an amount that was taken into account in computing an amount that an individual is deemed to have paid to the Minister on account of the individual’s tax payable under this chapter, but otherwise than under this division.

2013, c. 10, s. 141.