I-3 - Taxation Act

Section 1012.3 Disposition versions

2011-12-09

1012.3. The Minister shall redetermine a taxpayer’s tax for a particular taxation year, in order to take into account the application of paragraph d of the definition of “excluded property” in the first paragraph of section 851.22.1 or the application of section 851.22.23.6, in respect of property held by the taxpayer, if

(a)  the taxpayer has filed for the particular taxation year the fiscal return required by section 1000; and

(b)  the taxpayer files with the Minister a prescribed form amending the fiscal return, on or before the filing-due date for the taxpayer’s taxation year that

i.  if the filing is in respect of paragraph d of the definition of “excluded property” in the first paragraph of section 851.22.1, includes the acquisition of control time referred to in that paragraph, and

ii.  if the filing is in respect of section 851.22.23.6, follows the particular taxation year.

2010, c. 25, s. 111; 2011, c. 34, s. 67.

2010-10-27

1012.3. The Minister shall reassess a taxpayer’s tax for a particular taxation year, in order to take into account the application of paragraph d of the definition of “excluded property” in the first paragraph of section 851.22.1 or the application of section 851.22.23.6, in respect of property held by the taxpayer, if

(a)  the taxpayer has filed for the particular taxation year the fiscal return required by section 1000; and

(b)  the taxpayer files with the Minister a prescribed form amending the fiscal return, on or before the filing-due date for the taxpayer’s taxation year that

i.  if the filing is in respect of paragraph d of the definition of “excluded property” in the first paragraph of section 851.22.1, includes the acquisition of control time referred to in that paragraph, and

ii.  if the filing is in respect of section 851.22.23.6, follows the particular taxation year.

2010, c. 25, s. 111.