I-3 - Taxation Act

Section 1086.22 Disposition versions

2006-03-01

1086.22. Where at a particular time in a taxation year an individual ceases to be resident in Canada, and the individual has not acquired replacement shares, for the period in the year during which the individual was resident in Canada, for an amount at least equal to the amount determined under section 776.1.5.0.8 for that period in respect of the individual, the individual shall pay, except in the case provided for in section 1086.24, tax equal to 15% of the amount by which the amount paid for that period by the individual under section 776.1.5.0.8 exceeds the amount determined under that section 776.1.5.0.8 for that period in respect of the individual.

2001, c. 53, s. 241; 2005, c. 38, s. 303.