Assignment of Income Tax Refunds Regulations, 1984, I-2 Reg 3
AI-assisted research summary: These regulations set a prescribed notice form for certain income tax refund assignments, require tax discounters to pay at least 85% of the refund, and repeal Saskatchewan Regulations 280/80.
1 ASSIGNMENT OF INCOME TAX REFUNDS, 1984 I-2 REG 3 The Assignment of Income Tax Refunds Regulations, 1984 being Chapter I-2 Reg 3 (effective October 11, 1984). NOTE: This consolidation is not official. Amendments have been incorporated for convenience of reference and the original statutes and regulations should be consulted for all purposes of interpretation and application of the law. In order to preserve the integrity of the original statutes and regulations, errors that may have appeared are reproduced in this consolidation. 2 Table of Contents I-2 REG 3 ASSIGNMENT OF INCOME TAX REFUNDS, 1984 1 Title 2 Form of notice 3 Repeal Appendix 3 ASSIGNMENT OF INCOME TAX REFUNDS, 1984 I-2 REG 3 CHAPTER I-2 REG 3 The Income Tax Act Title 1 These regulations may be cited as The Assignment of Income Tax Refunds Regulations, 1984. Form of notice 2(1) The form and wording of the notice required under subsection 24(3) of The Income Tax Act is required to be in accordance with the form prescribed in the Appendix. (2) The form mentioned in subsection (1) is required to be at least: (a) 44 centimetres in length; and (b) 29 centimetres in width. 19 Oct 84 cI-2 Reg 3 s2. Repeal 3 Saskatchewan Regulations 280/80 are repealed. 19 Oct 84 cI-2 Reg 3 s3. 4 I-2 REG 3 ASSIGNMENT OF INCOME TAX REFUNDS, 1984 Appendix NOTICE Tax Discounting Practices Section 24 of The Income Tax Act (Saskatchewan) requires tax discounters to pay at least 85% of the income tax refund in consideration for the assignment of that refund. If, for example, the refund is $100.00, at least $85.00 must be paid to the taxpayer. It is an offence to pay less than this amount. Any questions or complaints about compliance with this requirement should be directed to: Department of Consumer and Commercial Affairs 1871 Smith Street Regina, Saskatchewan S4P 3V7 Phone: 565-5550 OR Department of Finance Taxation and Economic Policy Branch 2350 Albert Street Regina, Saskatchewan S4P 4A6 Phone: 565-6722 19 Oct 84 cI-2 Reg 3. REGINA, SASKATCHEWAN Printed by the authority of THE QUEEN’S PRINTER Copyright©1996