I-3 - Taxation Act

Section 935.5 Disposition versions

2006-03-01

935.5. If at a particular time in a taxation year an individual ceases to be resident in Canada, the individual shall include in computing the income of the individual for the period in the year during which the individual was resident in Canada the amount by which the aggregate of all amounts each of which is an eligible amount received by the individual in the year or a preceding taxation year exceeds the amount determined under the second paragraph.

The amount to which the first paragraph refers is the aggregate of

(a)  all amounts designated under section 935.3 by the individual in respect of amounts paid not later than 60 days after the particular time and before the individual files a fiscal return for the year; and

(b)  all amounts included under section 935.4 or this section in computing the income of the individual for preceding taxation years.

1994, c. 22, s. 290; 1996, c. 39, s. 241; 2001, c. 53, s. 198.