(1) In section IA 4(1)(b), “remaining loss balance” is replaced by “remaining loss balance carried forward under section IA 2(2)”.
“remaining loss balance”
“remaining loss balance carried forward under section IA 2(2)”
(2) Section IA 4(2) is replaced by the following:
“Relationship with other provisions in this subpart“(2) Sections IA 5 and IA 8 to IA 10 override this section.”
“(2) Sections IA 5 and IA 8 to IA 10 override this section.”
(3) Subsections (1) and (2) apply for the 2008–09 and later income years.