II, s. 170, c. 21, s. 951997, c. 25, s. 592003, c. 15, s. 126, c. 28, s. 162013, c. 34, s. 156
210(1)The following definitions apply in this Part.designated beneficiarydesignated beneficiary, under a particular trust at any time, means a beneficiary, under the particular trust, who is at that time(a)a non-resident person;(b)[Repealed, 2014, c. 39, s. 63](c)a person who is, because of subsection 149(1), exempt from tax under Part I on all or part of their taxable income and who acquired an interest as a beneficiary under the particular trust after October 1, 1987 directly or indirectly from a beneficiary under the particular trust except if(i)the interest was, at all times after the later of October 1, 1987 and the day on which the interest was created, held by persons who were exempt from tax under Part I on all of their taxable income because of subsection 149(1), or(ii)the person is a trust, governed by a registered retirement savings plan or a registered retirement income fund, who acquired the interest, directly or indirectly, from an individual or the spouse or common-law partner, or former spouse or common-law partner, of the individual who was, immediately after the interest was acquired, a beneficiary under the trust governed by the fund or plan;(d)another trust (in this paragraph referred to as the “other trust”) that is not a graduated rate estate, a mutual fund trust or a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, if any beneficiary under the other trust is at that time(i)a non-resident person,(ii)[Repealed, 2014, c. 39, s. 63](iii)a trust that is not(A)a graduated rate estate,(B)a mutual fund trust,(C)a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, or(D)a trust(I)whose interest, at that time, in the other trust was held, at all times after the day on which the interest was created, either by it or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(II)none of the beneficiaries under which is, at that time, a designated beneficiary under it, or(iv)a person or partnership that(A)is a designated beneficiary under the other trust because of paragraph (c) or (e), or(B)would be a designated beneficiary under the particular trust because of paragraph (c) or (e) if, instead of being a beneficiary under the other trust, the person or partnership were at that time a beneficiary, under the particular trust, whose interest as a beneficiary under the particular trust were(I)identical to its interest (referred to in this clause as the “particular interest”) as a beneficiary under the other trust,(II)acquired from each person or partnership from whom it acquired the particular interest, and(III)held, at all times after the later of October 1, 1987 and the day on which the particular interest was created, by the same persons or partnerships that held the particular interest at those times; or(e)a particular partnership any of the members of which is at that time(i)another partnership, except if(A)each such other partnership is a Canadian partnership,(B)the interest of each such other partnership in the particular partnership is held, at all times after the day on which the interest was created, by the other partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(C)the interest of each member, of each such other partnership, that is a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income was held, at all times after the day on which the interest was created, by that member or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(D)the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(ii)a non-resident person,(iii)[Repealed, 2014, c. 39, s. 63](iv)another trust that is, under paragraph (d), a designated beneficiary of the particular trust or that would, under paragraph (d), be a designated beneficiary of the particular trust if the other trust were at that time a beneficiary under the particular trust whose interest as a beneficiary under the particular trust were(A)acquired from each person or partnership from whom the particular partnership acquired its interest as a beneficiary under the particular trust, and(B)held, at all times after the later of October 1, 1987 and the day on which the particular partnership’s interest as a beneficiary under the particular trust was created, by the same persons or partnerships that held that interest of the particular partnership at those times, or(v)a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income except if the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income. (bénéficiaire étranger ou assimilé)designated incomedesignated income, of a trust for a taxation year, means the amount that would be the income of the trust for the year determined under section 3 if(a)this Act were read without reference to subsections 104(6), (12) and (30);(b)the trust had no income other than taxable capital gains from dispositions described in paragraph (c) and incomes from(i)real or immovable properties in Canada (other than Canadian resource properties),(ii)timber resource properties,(iii)Canadian resource properties (other than properties acquired by the trust before 1972), and(iv)businesses carried on in Canada;(c)the only taxable capital gains and allowable capital losses referred to in paragraph 3(b) were from(i)dispositions of taxable Canadian property, and(ii)dispositions of particular property (other than property described in any of subparagraphs 128.1(4)(b)(i) to (iii)), or property for which the particular property is substituted, that was transferred at any particular time to a particular trust in circumstances in which subsection 73(1) or 107.4(3) applied, if(A)it is reasonable to conclude that the property was so transferred in anticipation that a person beneficially interested at the particular time in the particular trust would subsequently cease to reside in Canada, and a person beneficially interested at the particular time in the particular trust did subsequently cease to reside in Canada, or(B)when the property was so transferred, the terms of the particular trust satisfied the conditions in subparagraph 73(1.01)(c)(i) or (iii), and it is reasonable to conclude that the transfer was made in connection with the cessation of residence, on or before the transfer, of a person who was, at the time of the transfer, beneficially interested in the particular trust and a spouse or common-law partner, as the case may be, of the transferor of the property to the particular trust; and(d)the only losses referred to in paragraph 3(d) were losses from sources described in any of subparagraphs (b)(i) to (iv). (revenu de distribution)Marginal note:Tax not payable(2)No tax is payable under this Part for a taxation year by a trust that was throughout the year(a)a graduated rate estate;(b)a mutual fund trust;(c)exempt from tax under Part I because of subsection 149(1);(d)a trust to which paragraph (a), (a.1) or (c) of the definitiontrustin subsection 108(1) applies; or(e)non-resident.
(a)a non-resident person;(b)[Repealed, 2014, c. 39, s. 63](c)a person who is, because of subsection 149(1), exempt from tax under Part I on all or part of their taxable income and who acquired an interest as a beneficiary under the particular trust after October 1, 1987 directly or indirectly from a beneficiary under the particular trust except if(i)the interest was, at all times after the later of October 1, 1987 and the day on which the interest was created, held by persons who were exempt from tax under Part I on all of their taxable income because of subsection 149(1), or(ii)the person is a trust, governed by a registered retirement savings plan or a registered retirement income fund, who acquired the interest, directly or indirectly, from an individual or the spouse or common-law partner, or former spouse or common-law partner, of the individual who was, immediately after the interest was acquired, a beneficiary under the trust governed by the fund or plan;(d)another trust (in this paragraph referred to as the “other trust”) that is not a graduated rate estate, a mutual fund trust or a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, if any beneficiary under the other trust is at that time(i)a non-resident person,(ii)[Repealed, 2014, c. 39, s. 63](iii)a trust that is not(A)a graduated rate estate,(B)a mutual fund trust,(C)a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, or(D)a trust(I)whose interest, at that time, in the other trust was held, at all times after the day on which the interest was created, either by it or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(II)none of the beneficiaries under which is, at that time, a designated beneficiary under it, or(iv)a person or partnership that(A)is a designated beneficiary under the other trust because of paragraph (c) or (e), or(B)would be a designated beneficiary under the particular trust because of paragraph (c) or (e) if, instead of being a beneficiary under the other trust, the person or partnership were at that time a beneficiary, under the particular trust, whose interest as a beneficiary under the particular trust were(I)identical to its interest (referred to in this clause as the “particular interest”) as a beneficiary under the other trust,(II)acquired from each person or partnership from whom it acquired the particular interest, and(III)held, at all times after the later of October 1, 1987 and the day on which the particular interest was created, by the same persons or partnerships that held the particular interest at those times; or(e)a particular partnership any of the members of which is at that time(i)another partnership, except if(A)each such other partnership is a Canadian partnership,(B)the interest of each such other partnership in the particular partnership is held, at all times after the day on which the interest was created, by the other partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(C)the interest of each member, of each such other partnership, that is a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income was held, at all times after the day on which the interest was created, by that member or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(D)the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(ii)a non-resident person,(iii)[Repealed, 2014, c. 39, s. 63](iv)another trust that is, under paragraph (d), a designated beneficiary of the particular trust or that would, under paragraph (d), be a designated beneficiary of the particular trust if the other trust were at that time a beneficiary under the particular trust whose interest as a beneficiary under the particular trust were(A)acquired from each person or partnership from whom the particular partnership acquired its interest as a beneficiary under the particular trust, and(B)held, at all times after the later of October 1, 1987 and the day on which the particular partnership’s interest as a beneficiary under the particular trust was created, by the same persons or partnerships that held that interest of the particular partnership at those times, or(v)a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income except if the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income. (bénéficiaire étranger ou assimilé)
(i)the interest was, at all times after the later of October 1, 1987 and the day on which the interest was created, held by persons who were exempt from tax under Part I on all of their taxable income because of subsection 149(1), or(ii)the person is a trust, governed by a registered retirement savings plan or a registered retirement income fund, who acquired the interest, directly or indirectly, from an individual or the spouse or common-law partner, or former spouse or common-law partner, of the individual who was, immediately after the interest was acquired, a beneficiary under the trust governed by the fund or plan;
(i)a non-resident person,(ii)[Repealed, 2014, c. 39, s. 63](iii)a trust that is not(A)a graduated rate estate,(B)a mutual fund trust,(C)a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, or(D)a trust(I)whose interest, at that time, in the other trust was held, at all times after the day on which the interest was created, either by it or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(II)none of the beneficiaries under which is, at that time, a designated beneficiary under it, or(iv)a person or partnership that(A)is a designated beneficiary under the other trust because of paragraph (c) or (e), or(B)would be a designated beneficiary under the particular trust because of paragraph (c) or (e) if, instead of being a beneficiary under the other trust, the person or partnership were at that time a beneficiary, under the particular trust, whose interest as a beneficiary under the particular trust were(I)identical to its interest (referred to in this clause as the “particular interest”) as a beneficiary under the other trust,(II)acquired from each person or partnership from whom it acquired the particular interest, and(III)held, at all times after the later of October 1, 1987 and the day on which the particular interest was created, by the same persons or partnerships that held the particular interest at those times; or
(A)a graduated rate estate,(B)a mutual fund trust,(C)a trust that is exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income, or(D)a trust(I)whose interest, at that time, in the other trust was held, at all times after the day on which the interest was created, either by it or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(II)none of the beneficiaries under which is, at that time, a designated beneficiary under it, or
(I)whose interest, at that time, in the other trust was held, at all times after the day on which the interest was created, either by it or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(II)none of the beneficiaries under which is, at that time, a designated beneficiary under it, or
(A)is a designated beneficiary under the other trust because of paragraph (c) or (e), or(B)would be a designated beneficiary under the particular trust because of paragraph (c) or (e) if, instead of being a beneficiary under the other trust, the person or partnership were at that time a beneficiary, under the particular trust, whose interest as a beneficiary under the particular trust were(I)identical to its interest (referred to in this clause as the “particular interest”) as a beneficiary under the other trust,(II)acquired from each person or partnership from whom it acquired the particular interest, and(III)held, at all times after the later of October 1, 1987 and the day on which the particular interest was created, by the same persons or partnerships that held the particular interest at those times; or
(I)identical to its interest (referred to in this clause as the “particular interest”) as a beneficiary under the other trust,(II)acquired from each person or partnership from whom it acquired the particular interest, and(III)held, at all times after the later of October 1, 1987 and the day on which the particular interest was created, by the same persons or partnerships that held the particular interest at those times; or
(i)another partnership, except if(A)each such other partnership is a Canadian partnership,(B)the interest of each such other partnership in the particular partnership is held, at all times after the day on which the interest was created, by the other partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(C)the interest of each member, of each such other partnership, that is a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income was held, at all times after the day on which the interest was created, by that member or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(D)the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(ii)a non-resident person,(iii)[Repealed, 2014, c. 39, s. 63](iv)another trust that is, under paragraph (d), a designated beneficiary of the particular trust or that would, under paragraph (d), be a designated beneficiary of the particular trust if the other trust were at that time a beneficiary under the particular trust whose interest as a beneficiary under the particular trust were(A)acquired from each person or partnership from whom the particular partnership acquired its interest as a beneficiary under the particular trust, and(B)held, at all times after the later of October 1, 1987 and the day on which the particular partnership’s interest as a beneficiary under the particular trust was created, by the same persons or partnerships that held that interest of the particular partnership at those times, or(v)a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income except if the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income. (bénéficiaire étranger ou assimilé)
(A)each such other partnership is a Canadian partnership,(B)the interest of each such other partnership in the particular partnership is held, at all times after the day on which the interest was created, by the other partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,(C)the interest of each member, of each such other partnership, that is a person exempt because of subsection 149(1) from tax under Part I on all or part of its taxable income was held, at all times after the day on which the interest was created, by that member or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income, and(D)the interest of the particular partnership in the particular trust was held, at all times after the day on which the interest was created, by the particular partnership or by persons who were exempt because of subsection 149(1) from tax under Part I on all of their taxable income,
(A)acquired from each person or partnership from whom the particular partnership acquired its interest as a beneficiary under the particular trust, and(B)held, at all times after the later of October 1, 1987 and the day on which the particular partnership’s interest as a beneficiary under the particular trust was created, by the same persons or partnerships that held that interest of the particular partnership at those times, or
(a)this Act were read without reference to subsections 104(6), (12) and (30);(b)the trust had no income other than taxable capital gains from dispositions described in paragraph (c) and incomes from(i)real or immovable properties in Canada (other than Canadian resource properties),(ii)timber resource properties,(iii)Canadian resource properties (other than properties acquired by the trust before 1972), and(iv)businesses carried on in Canada;(c)the only taxable capital gains and allowable capital losses referred to in paragraph 3(b) were from(i)dispositions of taxable Canadian property, and(ii)dispositions of particular property (other than property described in any of subparagraphs 128.1(4)(b)(i) to (iii)), or property for which the particular property is substituted, that was transferred at any particular time to a particular trust in circumstances in which subsection 73(1) or 107.4(3) applied, if(A)it is reasonable to conclude that the property was so transferred in anticipation that a person beneficially interested at the particular time in the particular trust would subsequently cease to reside in Canada, and a person beneficially interested at the particular time in the particular trust did subsequently cease to reside in Canada, or(B)when the property was so transferred, the terms of the particular trust satisfied the conditions in subparagraph 73(1.01)(c)(i) or (iii), and it is reasonable to conclude that the transfer was made in connection with the cessation of residence, on or before the transfer, of a person who was, at the time of the transfer, beneficially interested in the particular trust and a spouse or common-law partner, as the case may be, of the transferor of the property to the particular trust; and(d)the only losses referred to in paragraph 3(d) were losses from sources described in any of subparagraphs (b)(i) to (iv). (revenu de distribution)
(i)real or immovable properties in Canada (other than Canadian resource properties),(ii)timber resource properties,(iii)Canadian resource properties (other than properties acquired by the trust before 1972), and(iv)businesses carried on in Canada;
(i)dispositions of taxable Canadian property, and(ii)dispositions of particular property (other than property described in any of subparagraphs 128.1(4)(b)(i) to (iii)), or property for which the particular property is substituted, that was transferred at any particular time to a particular trust in circumstances in which subsection 73(1) or 107.4(3) applied, if(A)it is reasonable to conclude that the property was so transferred in anticipation that a person beneficially interested at the particular time in the particular trust would subsequently cease to reside in Canada, and a person beneficially interested at the particular time in the particular trust did subsequently cease to reside in Canada, or(B)when the property was so transferred, the terms of the particular trust satisfied the conditions in subparagraph 73(1.01)(c)(i) or (iii), and it is reasonable to conclude that the transfer was made in connection with the cessation of residence, on or before the transfer, of a person who was, at the time of the transfer, beneficially interested in the particular trust and a spouse or common-law partner, as the case may be, of the transferor of the property to the particular trust; and
(A)it is reasonable to conclude that the property was so transferred in anticipation that a person beneficially interested at the particular time in the particular trust would subsequently cease to reside in Canada, and a person beneficially interested at the particular time in the particular trust did subsequently cease to reside in Canada, or(B)when the property was so transferred, the terms of the particular trust satisfied the conditions in subparagraph 73(1.01)(c)(i) or (iii), and it is reasonable to conclude that the transfer was made in connection with the cessation of residence, on or before the transfer, of a person who was, at the time of the transfer, beneficially interested in the particular trust and a spouse or common-law partner, as the case may be, of the transferor of the property to the particular trust; and
(a)a graduated rate estate;(b)a mutual fund trust;(c)exempt from tax under Part I because of subsection 149(1);(d)a trust to which paragraph (a), (a.1) or (c) of the definitiontrustin subsection 108(1) applies; or(e)non-resident.
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 2101994, c. 21, s. 962000, c. 12, s. 1422013, c. 34, s. 3412014, c. 39, s. 63
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 210.12001, c. 17, s. 1712013, c. 34, s. 341
210.2(1)Subject to section 210.3, if a trust deducts an amount under paragraph 104(6)(b) in computing its income under Part I for a taxation year, the trust shall pay a tax under this Part in respect of the year equal to 40% of the least of(a)the designated income of the trust for the year,(b)the amount that, but for subsections 104(6) and 104(30), would be the income of the trust for the year, and(c)100/60 of the amount deducted.(1.1)[Repealed, 2013, c. 34, s. 342]Marginal note:Amateur athlete trusts(2)Notwithstanding subsection 210(2), a trust shall pay a tax under this Part in respect of a particular taxation year of the trust equal to 2/3 of the amount that is required by subsection 143.1(2) to be included in computing the income under Part I for a taxation year of a beneficiary under the trust, if(a)the beneficiary is at any time in the particular taxation year a designated beneficiary under the trust; and(b)the particular taxation year ends in that taxation year of the beneficiary.Marginal note:Tax deemed paid by beneficiary(3)Where an amount (in this subsection and subsection 210.3(2) referred to as the “income amount”) in respect of the income of a trust for a taxation year is, by reason of subsection 104(13) or 105(2), included in computing(a)the income under Part I of a person who was not at any time in the year a designated beneficiary under the trust, or(b)the income of a non-resident person (other than a person who, at any time in the year, would be a designated beneficiary under the trust if section 210 were read without reference to paragraph (a) of the definitiondesignated beneficiaryin that section) that is subject to tax under Part I by reason of subsection 2(3) and is not exempt from tax under Part I by reason of a provision contained in a tax treaty,an amount determined by the formulaA × B/CwhereAis the tax paid under this Part by the trust for the year,Bis the income amount in respect of the person, andCis the total of all amounts each of which is an amount that is or would be, if all beneficiaries under the trust were persons resident in Canada to whom Part I was applicable, included in computing the income under Part I of a beneficiary under the trust by reason of subsection 104(13) or 105(2) in respect of the year,shall, if designated by the trust in respect of the person in its return for the year under this Part, be deemed to be an amount paid on account of the person’s tax payable under Part I for the person’s taxation year in which the taxation year of the trust ends, on the day that is 90 days after the end of the taxation year of the trust.Marginal note:Designations in respect of partnerships(4)Where a taxpayer is a member of a partnership in respect of which an amount is designated by a trust for a taxation year of the trust (in this subsection referred to as the “particular year”) under subsection 210.2(3),(a)no amount shall be deemed to be paid on account of the partnership’s tax payable under Part I by reason of subsection 210.2(3) except in the application of that subsection for the purposes of subsection 104(31), and(b)an amount determined by the formulaA × B/CwhereAis the amount so designated,Bis the amount that may reasonably be regarded as the share of the taxpayer in the designated income of the trust received by the partnership in the fiscal period of the partnership in which the particular year ends (that fiscal period being referred to in this subsection as the “partnership’s period”), andCis the designated income received by the partnership from the trust in the partnership’s period,shall be deemed to be an amount paid on account of the taxpayer’s tax payable under Part I for the person’s taxation year in which the partnership’s period ends, on the last day of that year.Marginal note:Returns(5)A trust shall, within 90 days after the end of each taxation year,(a)file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor;(b)estimate in the return the amount of tax, if any, payable by it under this Part for the year; and(c)pay to the Receiver General the tax, if any, payable by it under this Part for the year.Marginal note:Liability of trustee(6)A trustee of a trust is personally liable to pay to the Receiver General on behalf of the trust the full amount of any tax payable by the trust under this Part to the extent that the amount is not paid to the Receiver General within the time specified in subsection 210.2(5), and the trustee is entitled to recover from the trust any such amount paid by the trustee.Marginal note:Provisions applicable to Part(7)Subsections 150(2) and 150(3), sections 152 and 158, subsections 161(1) and 161(11), sections 162 to 167 and Division J of Part I are applicable to this Part with such modifications as the circumstances require.
(a)the designated income of the trust for the year,(b)the amount that, but for subsections 104(6) and 104(30), would be the income of the trust for the year, and(c)100/60 of the amount deducted.
(a)the beneficiary is at any time in the particular taxation year a designated beneficiary under the trust; and(b)the particular taxation year ends in that taxation year of the beneficiary.
(a)the income under Part I of a person who was not at any time in the year a designated beneficiary under the trust, or(b)the income of a non-resident person (other than a person who, at any time in the year, would be a designated beneficiary under the trust if section 210 were read without reference to paragraph (a) of the definitiondesignated beneficiaryin that section) that is subject to tax under Part I by reason of subsection 2(3) and is not exempt from tax under Part I by reason of a provision contained in a tax treaty,
(a)no amount shall be deemed to be paid on account of the partnership’s tax payable under Part I by reason of subsection 210.2(3) except in the application of that subsection for the purposes of subsection 104(31), and(b)an amount determined by the formulaA × B/CwhereAis the amount so designated,Bis the amount that may reasonably be regarded as the share of the taxpayer in the designated income of the trust received by the partnership in the fiscal period of the partnership in which the particular year ends (that fiscal period being referred to in this subsection as the “partnership’s period”), andCis the designated income received by the partnership from the trust in the partnership’s period,
(a)file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor;(b)estimate in the return the amount of tax, if any, payable by it under this Part for the year; and(c)pay to the Receiver General the tax, if any, payable by it under this Part for the year.
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 210.21994, c. 7, Sch