SCHEDULES
SCHEDULE 1Abolition of basis periods
PART 3Amendments of other Acts
48Income Tax Act 2007
1
Section 90 (losses that are “terminal losses”) is amended as follows.
2
In subsection (4)—
a
for “203(3) and (4)” substitute “7A(3) and (4)”
;
b
for “203(2)” substitute “7A(2)”
.
3
Omit subsection (5).