I-3 - Taxation Act

Section 1051.1 Disposition versions

2010-04-20

1051.1. Section 1051.2 applies to a taxpayer for a taxation year if, at any time after the beginning of the year,

(a)  the taxpayer has paid, in respect of the taxpayer’s tax payable for the year under this Part and of the taxpayer’s tax payable for the year under Parts IV, IV.1, VI and VI.1, one or more provisional accounts under section 1025 or 1026, subparagraph a of the first paragraph of section 1027 or any of sections 1145, 1159.7, 1175 and 1175.19, if they refer to that subparagraph a;

(b)  it is reasonable to conclude that the total amount of those provisional accounts exceeds the total amount of the tax that will be payable by the taxpayer for the year under those Parts; and

(c)  the Minister is of the opinion that the payment of those provisional accounts has caused or will cause undue hardship to the taxpayer.

2010, c. 5, s. 180.