PART X.2 — Tax in Respect of Registered Investments

Return and payment of tax

Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31

Current text

Within 90 days from the end of each taxation year commencing after 1980, a registered investment shall

(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 amount of tax, if any, payable by it under this Part for the year.

Liability of trustee

(2)

Where the trustee of a registered investment that is liable to pay tax under this Part does not remit to the Receiver General the amount of the tax within the time specified in subsection 204.7(1), the trustee is personally liable to pay on behalf of the registered investment the full amount of the tax and is entitled to recover from the registered investment any amount paid by the trustee as tax under this section.

Provisions applicable to Part

(3)

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.

Source: Justice Laws Website. Not an official version.

Historic text

This section has not been amended since the start of the point-in-time record on 31 August 2004.

Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 204.7 links to the one before it.

Enacting and amending legislation

1980-81-82-83, c. 48, s. 94; 1985, c. 45, s. 126(F); 1986, c. 6, s. 108

Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.

Cross-references

This section refers to

s. 152 s. 161 s. 162

Referred to in

s. 251.2

References are generated from the statutory text and list other sections of the Act only.

Citation

Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 204.7.