I-3 - Taxation Act

Section 1032 Disposition versions

2015-12-04

1032. Notwithstanding any other provision of a fiscal law, the legal representative of the individual contemplated by sections 429, 433 to 436, 439 and 444.1 who must pay for a taxation year tax exceeding that which would have been payable in the absence of the said sections may, if he furnishes to the Minister security the latter considers acceptable, elect, in the prescribed manner and within the prescribed time, to pay part or all of such excess in equal consecutive annual instalments, not exceeding ten, as is specified in his election and every payment shall be made on the conditions and at the rate of interest provided for in the second and third paragraphs of section 1031.1.

For the purposes of the first paragraph, the tax for the year shall include the tax that is payable owing to the election referred to in section 429.

1973, c. 17, s. 117; 1979, c. 18, s. 71; 1980, c. 11, s. 54; 1994, c. 22, s. 325; 1995, c. 1, s. 166; 1995, c. 63, s. 211; 2015, c. 36, s. 148.

2006-03-01

1032. Notwithstanding any other provision of a fiscal law, the legal representative of the individual contemplated by sections 429, 433 to 436, 439 and 444.1 who must pay for a taxation year tax exceeding that which would have been payable in the absence of the said sections may, if he furnishes to the Minister security the latter considers acceptable, elect, in the prescribed manner and within the prescribed time, to pay part or all of such excess in equal consecutive annual instalments, not exceeding ten, as is specified in his election and every payment shall be made on the conditions and at the rate of interest provided for in section 1031.

For the purposes of the first paragraph, the tax for the year shall include the tax that is payable owing to the election referred to in section 429.

1973, c. 17, s. 117; 1979, c. 18, s. 71; 1980, c. 11, s. 54; 1994, c. 22, s. 325; 1995, c. 1, s. 166; 1995, c. 63, s. 211.