I-3 - Taxation Act

Section 85.10 Disposition versions

2020-09-24

85.10. Where section 85.7 does not apply to a taxpayer referred to in subparagraph b of the first paragraph of that section in respect of a taxation year, the taxpayer shall not use a method of profit computation that produces a substantially similar effect to that provided for in that subparagraph b for the purpose of computing the taxpayer’s income from a business or property in respect of a swap agreement, a forward purchase or sale agreement, a forward rate agreement, a futures agreement, an option agreement or a similar agreement for the year.

2020, c. 16, s. 32.