I-3 - Taxation Act

Section 154.2 Disposition versions

2009-05-15

154.2. (Repealed).

2000, c. 39, s. 14; 2003, c. 8, s. 6; 2006, c. 3, s. 35; 2009, c. 5, s. 59.

2006-04-19

154.2. A taxpayer may deduct, in computing the taxpayer’s income from a timber business for any of the taxation years 1999 to 2002 of the taxpayer, an amount not exceeding 40% of the income otherwise determined for that taxation year from the sale of timber derived from the operation of a woodlot described in the second paragraph in the course of that business.

The woodlot to which the first paragraph refers is a private woodlot in respect of which the taxpayer receives assistance under any of the technical and financial assistance programs implemented by the Ministère des Ressources naturelles et de la Faune or the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation pursuant to Order in Council 1440-98, 1464-98 or 1465-98 dated 27 November 1998.

2000, c. 39, s. 14; 2003, c. 8, s. 6; 2006, c. 3, s. 35.

2006-03-01

154.2. A taxpayer may deduct, in computing the taxpayer’s income from a timber business for any of the taxation years 1999 to 2002 of the taxpayer, an amount not exceeding 40% of the income otherwise determined for that taxation year from the sale of timber derived from the operation of a woodlot described in the second paragraph in the course of that business.

The woodlot to which the first paragraph refers is a private woodlot in respect of which the taxpayer receives assistance under any of the technical and financial assistance programs implemented by the Ministère des Ressources naturelles, de la Faune et des Parcs or the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation pursuant to Order in Council 1440-98, 1464-98 or 1465-98 dated 27 November 1998.

2000, c. 39, s. 14; 2003, c. 8, s. 6.