I-3 - Taxation Act

Section 1044.6 Disposition versions

2011-04-01

1044.6. If an allocation application in respect of a period is made by a corporation under section 1044.3 and a portion of the amount to be allocated has been refunded to the corporation, the following rules apply:

(a)  a particular amount equal to the aggregate of the following amounts is deemed to have become payable by the corporation on the day on which the portion of the amount to be allocated was refunded to the corporation:

i.  the portion of the amount to be allocated that was refunded to the corporation, and

ii.  refund interest paid or credited to the corporation in respect of the portion of the amount to be allocated that was refunded to the corporation; and

(b)  the corporation shall pay interest at the rate prescribed under section 28 of the Tax Administration Act (chapter A-6.002) on the particular amount referred to in paragraph a from the day referred to in that paragraph to the date of payment.

2001, c. 53, s. 234; 2010, c. 31, s. 175.

2006-03-01

1044.6. If an allocation application in respect of a period is made by a corporation under section 1044.3 and a portion of the amount to be allocated has been refunded to the corporation, the following rules apply:

(a)  a particular amount equal to the aggregate of the following amounts is deemed to have become payable by the corporation on the day on which the portion of the amount to be allocated was refunded to the corporation:

i.  the portion of the amount to be allocated that was refunded to the corporation, and

ii.  refund interest paid or credited to the corporation in respect of the portion of the amount to be allocated that was refunded to the corporation; and

(b)  the corporation shall pay interest at the rate prescribed under section 28 of the Act respecting the Ministère du Revenu (chapter M-31) on the particular amount referred to in paragraph a from the day referred to in that paragraph to the date of payment.

2001, c. 53, s. 234.