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I-3 - Taxation Act

Section 1135.5
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1135.5. For the purposes of sections 1135.1, 1135.2, 1135.4 and 1135.7.3, the share of a corporation or partnership that is a member of a particular partnership, for a fiscal period of that particular partnership, of an amount is equal to the agreed proportion of the amount in respect of the corporation or partnership for that fiscal period.
2005, c. 38, s. 314; 2007, c. 12, s. 280; 2009, c. 15, s. 431.
1135.5. For the purposes of sections 1135.1, 1135.2, 1135.4 and 1135.7.3, the share of a corporation or partnership that is a member of a particular partnership, for a fiscal period of that particular partnership, of an amount is equal to the proportion of that amount that the corporation’s or partnership’s share of the particular partnership’s income or loss for that fiscal period is of the particular partnership’s income or loss for that fiscal period, on the assumption that, if the income and loss of the particular partnership for that fiscal period are nil, the particular partnership’s income for that fiscal period is equal to $1,000,000.
2005, c. 38, s. 314; 2007, c. 12, s. 280.
1135.5. For the purposes of sections 1135.1, 1135.2 and 1135.4, the share of a corporation that is a member of a partnership, for a fiscal period of that partnership, of an amount is equal to the proportion of that amount that the corporation’s share of the partnership’s income or loss for that fiscal period is of the partnership’s income or loss for that fiscal period, on the assumption that, if the income and loss of the partnership for that fiscal period are nil, the partnership’s income for that fiscal period is equal to $1,000,000.
2005, c. 38, s. 314.
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