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42-43 ELIZABETH II |
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CHAPTER 7 |
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An Act to revise certain income tax law
amendments in terms of the revised
Income Tax Act and Income Tax
Application Rules
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[Assented to 12th May, 1994]
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| Preamble
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WHEREAS the Income Tax Act and the
Income Tax Application Rules are included in
the Revised Statutes of Canada, 1985 as
chapters 1 and 2 of the fifth supplement to
those Revised Statutes;
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AND WHEREAS the revised Income Tax
Act and Income Tax Application Rules apply to
taxation years and other periods ending, and
certain events occurring, after
November 1991;
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AND WHEREAS the income tax law
amendments assented to before
December 1991 were included in the
consolidation of the revised Income Tax Act
and Income Tax Application Rules;
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AND WHEREAS a further number of
income tax amendments, drafted in terms of
the Income Tax Act and Income Tax
Application Rules as those Acts read before
being revised, was assented to between
November 30, 1991 and July 1, 1993, during
which period the fifth supplement to the
Revised Statutes was not yet in force;
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AND WHEREAS it is expedient to enact a
version of the income tax law amendments
assented to between November 30, 1991 and
July 1, 1993 that is identical in substance with
the original version but redrafted in terms of
the revised Income Tax Act and Income Tax
Application Rules in order to be read together
with those Acts in cases where those Acts
apply;
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NOW, THEREFORE, Her Majesty, by and
with the advice and consent of the Senate and
House of Commons of Canada, enacts as
follows:
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SHORT TITLE |
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| Short title
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1. This Act may be cited as the Income Tax
Amendments Revision Act.
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INTERPRETATION |
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| Definitions
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2. In this Act,
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| ``Income Tax
Act'' « Loi de l'impôt sur le revenu »
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``Income Tax Act'' means the Income Tax Act,
chapter 1 of the 5th Supplement to the
Revised Statutes of Canada, 1985;
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| ``Income Tax
Application
Rules'' « Règles concernant l'application de l'impôt sur le revenu »
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``Income Tax Application Rules'' means the
Income Tax Application Rules, chapter 2 of
the 5th Supplement to the Revised Statutes
of Canada, 1985.
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SCHEDULES |
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| Revised
version of
amendments
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3. Each of Schedules I to IX contains the
income tax law amending provisions,
redrafted in terms of the Income Tax Act and
Income Tax Application Rules, of the Act
referred to in the heading of each of those
Schedules.
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INTERPRETATION OF SCHEDULES |
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| Schedules
assimilated to
R.S.C. 1985
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4. A schedule shall be interpreted as if it
were an amending Act contained in one of the
supplements to the Revised Statutes of
Canada, 1985 and enacted under the authority
of the Statute Revision Act and the Revised
Statutes of Canada, 1985 Act.
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| Application of
R.S., c. S-20,
c. 40 (3rd
Supp.), and c.
2 (5th Supp.)
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5. For greater certainty, the Statute Revision
Act, the Revised Statutes of Canada, 1985 Act
and sections 69 and 74 to 78 of the Income Tax
Application Rules apply to a schedule, with
such modifications as the circumstances
require.
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COMING INTO FORCE |
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| Coming into
force of Act
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6. (1) Subject to subsection (2), this Act
comes into force, or is deemed to have come
into force, on March 1, 1994.
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| Coming into
force of
schedules
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(2) Subject to any provision to the contrary
in the schedules, each schedule is deemed to
have come into force on the day the Act
referred to in the heading of the schedule was
assented to.
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