I-3 - Taxation Act

Section 851.63 Disposition versions

2017-02-08

851.63. The right which a taxpayer, or another taxpayer that does not deal at arm’s length with the taxpayer, has to reduce an amount in respect of an expenditure of the taxpayer in a taxation year that is after the particular taxation year in which the expenditure occurred, determined without reference to section 851.61, is deemed to be held by the taxpayer in the particular year if it is reasonable to conclude having regard to all the circumstances that one of the purposes for which that right was held by the taxpayer, or by the other taxpayer, after the end of the year was to avoid the application of section 851.60 in respect of the expenditure.

2017, c. 1, s. 251.