I-3 - Taxation Act

Section 217.19 Disposition versions

2013-06-05

217.19. Subject to sections 217.22 and 217.25, a corporation (other than a professional corporation) shall include in computing its income for a taxation year its adjusted stub period accrual in respect of a partnership if

(a)  the corporation has a significant interest in the partnership at the end of the last fiscal period of the partnership that ends in the year;

(b)  another fiscal period of the partnership begins in the year and ends after the end of the year; and

(c)  at the end of the year, the corporation is entitled to a share of an income, loss, taxable capital gain or allowable capital loss of the partnership for the fiscal period referred to in paragraph b.

2013, c. 10, s. 21.