I-3 - Taxation Act

Section 688.1.2 Disposition versions

2006-03-01

688.1.2. An election made under section 688.1.1 by a mutual fund trust is deemed, for the trust’s 2003 and subsequent taxation years, not to have been made if

(a)  the election is made after 20 December 2000 and applies to any taxation year that ends before 1 January 2003; and

(b)  the proceeds of disposition of a beneficiary’s interest in the trust have been determined under subparagraph e of the first paragraph of section 688.1.

2003, c. 2, s. 176.