Income Tax Act

Version of section 221.2 from 2004-08-31 to 2007-03-31:

Marginal note:Re-appropriation of amounts

 Where a particular amount was appropriated to an amount (in this section referred to as the “debt”) that is or may become payable by a person under any enactment referred to in paragraphs 223(1)(a) to 223(1)(d), the Minister may, on application by the person, appropriate the particular amount, or a part thereof, to another amount that is or may become payable under any such enactment and, for the purposes of any such enactment,

  • (a) the later appropriation shall be deemed to have been made at the time of the earlier appropriation;

  • (b) the earlier appropriation shall be deemed not to have been made to the extent of the later appropriation; and

  • (c) the particular amount shall be deemed not to have been paid on account of the debt to the extent of the later appropriation.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. 1994, c. 7, Sch. VIII, s. 128.
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