Section 165 of the Income Tax Act: Case where part of trust income is chargeable

Section 165 of the Income Tax Act: Case where part of trust income is chargeable

Where part only of the income of a trust is chargeable under this Act, that proportion only of the income receivable by a beneficiary from the trust which the part so chargeable bears to the whole income of the trust shall be deemed to have been derived from that part.