Words and Phrases - "actually disposed of"

a
90
b
44
c
86
d
57
e
43
f
31
g
20
h
15
i
77
j
2
k
2
l
32
m
57
n
29
o
41
p
82
q
3
r
78
s
95
t
47
u
16
v
10
w
23
y
2

26 September 2025 Internal T.I. 2022-0923881I7 - Subsection 45(3) Election

Summary Under
Tax Topics - Income Tax Act - Section 45 - Subsection 45(3)
a taxpayer generally can file a s. 45(3) election at any time up to the filing-due date for the year of the property’s “actual” disposition (including under s. 70(5))

In 2014, the taxpayer changed the use of his property from income-producing to use as his principal residence. In 2017, he filed an election under...

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Words and Phrases
actually disposed of
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 220 - Subsection 220(3.5) no penalty if election revoked before due date 114