28 November 2010 CTF Annual Roundtable Q. 8, 2010-0386311C6 - Subsection 40(3.4) -- summary under Subsection 40(3.4)

does the deemed existence of a partnership in the postamble to s. 40(3.4) apply for other purposes of the Act, e.g., subdivision j? CRA responded:

The postamble in subsection 40(3.4) was added to ensure that…former partners of the partnership who were members of the partnership immediately before it was wound up will be allowed to claim their share of the deferred loss as allocated to them pursuant to the rules in subsection 96(1).

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Topic
Income Tax Act - s. 40(3.4)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
317893
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
344710
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