I-3 - Taxation Act

Section 660.2 Disposition versions

2017-02-08

660.2. (Repealed).

2004, c. 21, s. 93; 2017, c. 1, s. 155.

2006-03-01

660.2. Where, at the end of the day on which a taxpayer dies and as a consequence of the death, an amount would, but for this section, be deemed by section 656.3.1 to have been paid to a trust out of the trust’s farm income stabilization account and the trust and the legal representative of the taxpayer so elect in prescribed form, such portion of the amount as is designated in the election is deemed to have been paid to the taxpayer out of a farm income stabilization account of the taxpayer immediately before the end of the day and, for the purposes of subparagraph b of the second paragraph of section 92.5.3.1 in respect of the trust, the amount is deemed to have been paid out of the trust’s farm income stabilization account immediately before the end of the day.

2004, c. 21, s. 93.