I-3 - Taxation Act

Section 217.32 Disposition versions

2015-10-26

217.32. Section 217.33 applies for a particular taxation year of a corporation and for each subsequent taxation year for which the corporation may claim an amount under section 217.27 in respect of a partnership if the particular year is the first taxation year

(a)  that is after the taxation year in which the corporation has, or would have if the partnership had income, an adjusted stub period accrual that is included in the corporation’s qualifying transitional income in respect of the partnership because of paragraph b of the definition of “qualifying transitional income” in the first paragraph of section 217.18; and

(b)  in which ends the fiscal period of the partnership that began in the taxation year referred to in paragraph a.

2013, c. 10, s. 21; 2015, c. 24, s. 49.

2013-06-05

217.32. Section 217.33 applies for a particular taxation year of a corporation and for each subsequent taxation year for which the corporation may deduct an amount under section 217.27 in respect of a partnership if the particular year is the first taxation year

(a)  that is after the taxation year in which the corporation has, or would have if the partnership had income, an adjusted stub period accrual that is included in the corporation’s qualifying transitional income in respect of the partnership because of paragraph b of the definition of “qualifying transitional income” in the first paragraph of section 217.18; and

(b)  in which ends the fiscal period of the partnership that began in the taxation year referred to in paragraph a.

2013, c. 10, s. 21.