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I-3 - Taxation Act

Section 657.2
Disposition versions

Full text
657.2. Where it is reasonable to consider that one of the main purposes for the existence of any term, condition, right or other attribute of an interest in a trust, other than a personal trust, is to give a beneficiary a percentage interest in the property of the trust that is greater than his percentage interest in the income of the trust, no amount may be deducted by the trust in computing its income under paragraph a of section 657, except by reason of section 657.1.
1988, c. 18, s. 56; 1990, c. 59, s. 222.
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