Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-3 - Taxation Act

Section 441.1
Disposition versions

Full text
441.1. Where a property that is a net income stabilization account of an individual is, on or after the individual’s death and as a consequence thereof, transferred or distributed to the individual’s spouse, or to a trust described in the second paragraph, sections 437.1 and 462.0.1 do not apply in respect of the individual’s NISA Fund No. 2 if it can be shown, within the period ending 36 months after the death of the individual or, where written application therefor has been made to the Minister by the individual’s legal representative before the expiry of that period, within such longer period as the Minister considers reasonable, that the property has become vested indefeasibly in the spouse or trust.
The trust referred to in the first paragraph is a trust created by the individual’s will, under which the individual’s spouse is entitled to receive all of the income of the trust that arises before the spouse’s death, and no person except the spouse may receive or otherwise obtain enjoyment of any of the income or capital of the trust.
1994, c. 22, s. 171; 2009, c. 5, s. 146.
441.1. Where a property that is a net income stabilization account of an individual is, on or after the individual’s death and as a consequence thereof, transferred or assigned to the individual’s spouse, or to a trust described in the second paragraph, sections 437.1 and 462.0.1 do not apply in respect of the individual’s NISA Fund No. 2 if it can be shown, within the period ending 36 months after the death of the individual or, where written application therefor has been made to the Minister by the individual’s legal representative before the expiry of that period, within such longer period as the Minister considers reasonable, that the property has become vested indefeasibly in the spouse or trust.
The trust referred to in the first paragraph is a trust created by the individual’s will, under which the individual’s spouse is entitled to receive all of the income of the trust that arises before the spouse’s death, and no person except the spouse may receive or otherwise obtain enjoyment of any of the income or capital of the trust.
1994, c. 22, s. 171.
© Gouvernement du Québec