I noticed today that the clauses in subparagraph 256(7)(a)(i) of the Income Tax Act (Canada) are missing a conjunction. David Sherman and his team confirmed that Parliament enacted amendments to the subparagraph that omitted the conjunction. In fact, there should be an “or” after clause 256(7)(a)(i)(D). David will be contacting Finance about the omission. Do I get a prize for pointing this out?
