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

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Act current to 2026-03-17 and last amended on 2026-03-12. Previous Versions

Marginal note:Reserve claimed for debt forgiveness

 There shall be included in computing a taxpayer’s income for a taxation year during which the taxpayer was not a bankrupt the amount, if any, deducted under section 61.4 in computing the taxpayer’s income for the preceding taxation year.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • 1995, c. 21, s. 19

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