Vol. 140, No. 20 — October 4, 2006

Registration
SI/2006-118 October 4, 2006

FINANCIAL ADMINISTRATION ACT

Eduardo Sese Income Tax Remission Order

P.C. 2006-1021 September 21, 2006

Her Excellency the Governor General in Council, considering that the collection of certain amounts of tax is unjust, on the recommendation of the Minister of National Revenue, pursuant to subsection 23(2) (see footnote a) of the Financial Administration Act, hereby makes the annexed Eduardo Sese Income Tax Remission Order.

EDUARDO SESE INCOME TAX REMISSION ORDER

INTERPRETATION

1. In this Order, "non-capital loss" has the meaning assigned by subsection 111(8) of the Income Tax Act.

REMISSION

2. Remission is hereby granted of the tax paid or payable by Eduardo Sese under Part I of the Income Tax Act in the amount of $1,950.44 and $2,020.77 for the 1998 and 1999 taxation years, respectively, and all interest paid or payable on it.

CONDITION

3. The remission is granted on the condition that Eduardo Sese does not claim a deduction for any portion of his non-capital loss relating to the repayment of wage loss replacements benefits in 2003.

EXPLANATORY NOTE

(This note is not part of the Order.)

The Order remits to Eduardo Sese $3,971.21, which represents a portion of the tax paid or payable by Mr. Sese under Part I of the Income Tax Act for the 1998 and 1999 taxation years and all interest paid or payable on it.

The amount remitted represents the additional tax liability incurred by Mr. Sese as a result of the lengthy adjudication period involved in obtaining a workers' compensation award.

Footnote a

S.C. 1991, c. 24, s. 7(2)

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