I-3 - Taxation Act

Section 359.15.1 Disposition versions

2021-12-10

359.15.1. For the purpose of applying section 359.15 in respect of an agreement entered into after 31 December 2018 and before 1 January 2021 by a corporation for the issue of a flow-through share of the corporation, the first paragraph of that section is to be read as if “at the end of the calendar year” in subparagraph 2 of subparagraph ii of subparagraph a were replaced by “at the end of the calendar year that follows that in which the purported renunciation was made” and as if “before 1 March of the calendar year” in subparagraph ii of subparagraph c were replaced by “before 1 March of the second calendar year”.

2021, c. 36, s. 67.