I-3 - Taxation Act

Section 1086.18 Disposition versions

2011-02-17

1086.18. Sections 1086.14, 1086.16 and 1086.17 do not apply in respect of an individual for a particular taxation year other than a taxation year described in the second paragraph if, not later than 60 days after the end of the particular year, the individual may make a request for the redemption of original shares issued to the individual, otherwise than under Division II of Chapter III of Title III of Book V of Part I.

The taxation year to which the first paragraph refers is a taxation year for which the individual may deduct an amount from the individual’s tax otherwise payable under section 776.1.1 or section 776.1.2 in relation to an amount paid in a preceding taxation year of the individual, or within 60 days after the end of that preceding taxation year, in which the individual had to acquire replacement shares for an amount at least equal to the amount determined under section 776.1.5.0.2 for the preceding year in respect of the individual.

2001, c. 53, s. 241; 2011, c. 1, s. 103.

2006-03-01

1086.18. Sections 1086.14, 1086.16 and 1086.17 do not apply in respect of an individual for a taxation year if, not later than 60 days after the end of the year, the individual may make a request for the redemption of original shares issued to the individual, otherwise than under Division II of Chapter III of Title III of Book V of Part I.

2001, c. 53, s. 241.