PART XXVII

TAXATION TREATMENT

Tax Treatment of Government and Government Subsidiaries

258.

1. For the purposes of paragraph 149(1)(c) of the Income Tax Act, Westbank First Nation is deemed to be a public body performing a function of government in Canada.



2. For the purposes of paragraphs 149(1)(d) to 149(1)(d.6) and subsections 149(1.1) to 149(1.3) of the Income Tax Act, Westbank First Nation is deemed to be a municipality in Canada.

Tax Treatment of Gifts to Westbank First Nation

259.

1. A person who makes a gift to Westbank First Nation has the same tax treatment in respect of the gift as the person would have if the gift had been made to a charity registered under the Income Tax Act.



2. For greater certainty, subsection 259(a) does not require Westbank First Nation to comply with the requirements of the Income Tax Act relating to charities registered under that Act.

Back