I-3 - Taxation Act

Section 725.2.0.2 Disposition versions

2011-12-09

725.2.0.2. Where section 725.2 applies to an individual for a particular taxation year in respect of the transfer or disposition of rights under an agreement referred to in section 48 as regards a security of a particular qualifying person, it is to be read without reference to its paragraph b.1 if

(a)  the particular qualifying person made a valid election under subsection 1.1 of section 110 of the Income Tax Act (R.S.C. 1985, c. 1, (5th Suppl.)) in relation to the transfer or disposition; and

(b)  the individual encloses a prescribed form containing prescribed information with the fiscal return the individual is required to file for the particular year under section 1000, or would be required to so file if tax were payable under this Part by the taxpayer.

2011, c. 34, s. 34.