C-8.3 - Act respecting international financial centres

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54. For the purposes of the first paragraph of section 52, where a person referred to therein for a taxation year is an individual to whom section 65 applies for the year and the fiscal period of the partnership that operates an international financial centre and of which the individual is a member at the end of that fiscal period ends in the part of the individual’s reference period, established under section 69, in relation to an employment that is included in that year, the person’s share of the partnership’s specified income or specified loss for that fiscal period is deemed to be nil.
1999, c. 86, s. 54; 2002, c. 40, s. 7; 2004, c. 21, s. 11; 2005, c. 38, s. 13.
54. For the purposes of the first paragraph of section 52, where a person referred to therein for a taxation year is an individual to whom section 65 applies for the year and the fiscal period of the partnership that operates an international financial centre and of which the individual is a member at the end of that fiscal period ends in the part of the individual’s reference period, established under section 69, in relation to an employment that is included in that year, the person’s share of the partnership’s income or loss for that fiscal period is deemed to be nil.
1999, c. 86, s. 54; 2002, c. 40, s. 7; 2004, c. 21, s. 11.
54. For the purposes of the first paragraph of section 52, where a person referred to therein for a taxation year is an individual to whom section 65 applies for the year and the fiscal period of the partnership that operates an international financial centre and of which the person is a member at the end of that fiscal period ends in the part of the reference period established in respect of the person under section 69 included in that year, the person’s share of the partnership’s income or loss for that fiscal period is deemed to be nil.
1999, c. 86, s. 54; 2002, c. 40, s. 7.
54. For the purposes of section 52, where a person referred to therein for a taxation year is an individual to whom section 65 applies for the year and the fiscal period of the partnership that operates an international financial centre and of which the person is a member at the end of that fiscal period ends in the part of the reference period established in respect of the person under section 69 included in that year, the person’s share of the partnership’s income or loss for that fiscal period is deemed to be nil.
1999, c. 86, s. 54.