I-3 - Taxation Act

Section 1121.8 Disposition versions

2006-03-01

1121.8. Where a trust is a member of a partnership a fiscal period of a business or property of which ends in a calendar year after 15 December of the year and a particular taxation year of the trust ends on 15 December of the year because of section 1121.7, each amount otherwise determined under paragraph f or g of section 600 to be the trust’s income or loss for a taxation year subsequent to that year is deemed to be the trust’s income or loss determined under that paragraph for the particular year and not for the subsequent year.

2001, c. 53, s. 251.