I-3 - Taxation Act

Section 905.0.13 Disposition versions

2024-05-07

905.0.13. For the purposes of sections 905.0.11 and 905.0.12, the following rules apply:

(a)  a trust’s income includes the dividends described in sections 501 to 503;

(b)  the trust’s taxable capital gain or allowable capital loss from the disposition of a property is equal to the capital gain or capital loss, as the case may be, from the disposition of the property; and

(c)  the trust’s income is computed without reference to paragraph a of section 657.

2009, c. 15, s. 168; 2024, c. 11, s. 90.

2009-06-04

905.0.13. For the purposes of sections 905.0.11 and 905.0.12, the following rules apply:

(a)  a trust’s income includes the dividends described in sections 501 to 503; and

(b)  the first paragraph of section 231 must be construed as if the taxable capital gain or allowable capital loss were the total capital gain or the total capital loss, as the case may be, from the disposition of property.

2009, c. 15, s. 168.