Act; (2) Subsection (1) applies to taxation years that begin after 2025. Subsection (1) also applies to preceding taxation years if an election is filed under subsection 93.4(4) or (5) of the Act. 52 2026-2027 GRA U-17 Attachment 1 Page 53...
AI summary The text outlines a legislative act in Canada, specifically Bill C-59, which implements provisions from the fall economic statement and the 2023 budget. The legislation applies to taxation years beginning after 2025 and includes provisions for elections under subsection 93.4(4) or (5) of the Act.