I-3 - Taxation Act

Section 659.2 Disposition versions

2017-02-08

659.2. (Repealed).

2000, c. 5, s. 144; 2017, c. 1, s. 154.

2006-03-01

659.2. A trust and a preferred beneficiary under the trust may, for a taxation year that includes 22 February 1994, jointly make an election, or amend or revoke an election made, under section 659, as it read for that year, where the election, amendment or revocation

(a)  is made solely because of an election or revocation to which section 726.9.8, 726.9.9 or 726.9.10 applies; and

(b)  is filed with the Minister in the manner prescribed for the purposes of section 659 when the election or revocation referred to in subparagraph a is filed.

An election that is made or amended in accordance with the first paragraph in respect of the taxation year referred to in that paragraph is deemed to have been made on time for the purposes of section 659, as it read for that taxation year, and the election that is revoked in accordance with the first paragraph is deemed, otherwise than for the purposes of this section, never to have been made.

2000, c. 5, s. 144.