Words and Phrases - "taxation year"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
72
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

29 March 2005 Internal T.I. 2005-0111401I7 F - Article 7306 du Règlement

Summary Under
Tax Topics - Income Tax Regulations - Regulation 7306
referenced taxation year is the individual's calendar year

Do the terms "taxation year" and "in the year" refer to the individual's taxation year, i.e., calendar year, or to the taxation year of the employer. CRA responded:

For the purposes of section 7306 of the Regulations, we are of the view that the terms "taxation year" and "in the year" refer to a calendar year since an allowance is calculated for an individual's use of one or more automobiles.

Words and Phrases
taxation year