I-3 - Taxation Act

Section 1053.0.4 Disposition versions

2009-05-15

1053.0.4. If the amount of an overpayment by a trust for a particular taxation year as a consequence of the application, for the particular year, of Division II.21 of Chapter III.1 of Title III, is refunded to, or applied to another liability of, the trust, interest on the overpayment is to be paid to the trust for the period ending on the day the overpayment is refunded or applied, and beginning

(a)  if the particular taxation year is the year 2007,

i.  on 15 May 2008 if the application referred to in subparagraph a of the second paragraph of section 1029.8.128 was filed with the Minister on or before 30 June 2008, and

ii.  in any other case, on the 46th day following the date on which the Minister received the application referred to in subparagraph a of the second paragraph of section 1029.8.128; and

(b)  if the particular taxation year is subsequent to the year 2007, on the 46th day following the later of

i.  the 90th day following the end of the particular year, and

ii.  the date on which the Minister received the application referred to in subparagraph a of the second paragraph of section 1029.8.128 for the particular year.

2009, c. 5, s. 494.