I-3, r. 1 - Regulation respecting the Taxation Act

Section 125.0.1r4 Disposition versions

2012-09-01

125.0.1R4. For the purposes of paragraph b of section 125.0.1 of the Act, where, at any time in a taxation year of a taxpayer, the taxpayer holds an interest in an indexed debt obligation, the amount by which the amount determined in accordance with subparagraph b of the third paragraph of section 125.0.1R3 in respect of the taxpayer’s interest in the obligation exceeds the amount determined in accordance with subparagraph a of that paragraph in respect of the taxpayer’s interest in the obligation, is deemed to be interest paid or payable in respect of the year by the taxpayer in respect of the obligation.

s. 125.0.1R4; O.C. 1454-99, s. 10; O.C. 134-2009, s. 1.