I-3 - Taxation Act

Section 350.3.1 Disposition versions

2023-03-15

350.3.1. For the purposes of the formula in subparagraph a of the first paragraph of section 350.2 in respect of a taxpayer for a taxation year in relation to a particular area, an amount may only be included in determining the value of B in that formula if

(a)  the amount is not otherwise deducted in computing an individual’s income for a taxation year, unless it is deducted in computing an employer’s income in accordance with sections 80 to 82 and included in computing an employee’s income;

(b)  the amount is not taken into account in determining an amount deducted under section 752.0.11 for a taxation year;

(c)  the amount is in respect of trips made by the taxpayer or an eligible family member of the taxpayer that begin during the part of the year in which the taxpayer resided in the particular area; and

(d)  neither the taxpayer nor an eligible family member of the taxpayer is at any time entitled to a reimbursement or any form of assistance (other than a reimbursement or assistance included in computing the income of the taxpayer or the eligible family member) in respect of trips to which paragraph c applies.

2023, c. 2, s. 12.