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of <h1>Beneficiary's Taxable Income from Trust Calculated Proportionally Under Income Tax Act</h1> In cases where only a portion of a trust's income is chargeable under the Income Tax Act, the chargeable amount for a beneficiary is determined proportionally. The beneficiary's share of the income is calculated based on the ratio of the chargeable portion to the total trust income. This ensures that the taxable income reflects the proportionate share of both chargeable and non-chargeable income from the trust.
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