Bill C-15
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EXPLANATORY NOTE |
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This enactment contains a revised version, adapted to the revised
Income Tax Act, of the income tax law amendments contained in nine
Acts passed since November 30, 1991. These amendments were passed
after the cut-off date for the consolidation and revision of the Income
Tax Act and, therefore, were not included in the revised Income Tax Act
and Income Tax Application Rules in the fifth supplement to the Revised
Statutes of Canada, 1985. The original amendments were drafted in the
style of the Income Tax Act as it read before being revised, since the
revised Income Tax Act was not yet in force at the time they became law.
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The revised version of the income tax law amendments is found in
the nine schedules to this enactment, each of which corresponds to one
of the original amending Acts. In each schedule, the title of the original
amending Act and its chapter number and date of assent are given.
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Following the method adopted for the revision of the Income Tax Act,
the numbering of the sections of the original amending Acts has not
been changed. This explains possible gaps in the numbering of the
provisions in a schedule to this enactment where, for instance, the
original amending Act contained material not related to income tax, or
a correction made by an amendment to the pre-revision Income Tax Act
was also made in the revision of that Act. On the other hand, a change
made in the revision of the Income Tax Act may make it necessary to use
two provisions in a schedule where there was only one provision in the
original amending Act. In such a case the added provision is given a
decimal number.
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This enactment provides that the revised income tax law
amendments in its schedules are to be interpreted as if they were part of
the Revised Statutes of Canada, 1985. As a consequence, the revised
amendments must not be interpreted as new law, but as being identical
in substance with the amendments in the original amending Acts, from
which they differ only in form.
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This enactment also provides that the revised amendments in the
schedules are deemed to have come into force at the same time as the
corresponding original amendments.
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