I-3 - Taxation Act

Section 1121.6 Disposition versions

2006-03-01

1121.6. For the purposes of paragraph a of section 1121.1, a particular amount designated under the said section for a taxation year of a mutual fund trust in respect of a unit of the trust owned at any time in the year by a taxpayer who was a person exempt from tax under this Part by reason of Book VIII of Part I shall have no effect where it is reasonable to conclude that an amount determined by the trust under paragraph a or b of section 1121.2 for the year in respect of the unit or, in respect of the amount designated, under paragraph b of section 1121.1 differs from the amount that would have been so determined for the year in respect of the taxpayer had he not been such a person.

1990, c. 59, s. 362; 1996, c. 39, s. 273.