(1) Where, by reason of any disposition made by any disposer for the benefit of a minor whether or not the child is related to the disposer, any income has accrued to that child, such income shall, during his or her minority or until the prior death of the disposer, be deemed to have accrued to the disposer and shall be included in his or her assessable income.
(2) Where, during a year of income, an individual ceases to be a minor, subsection (1) shall apply only in respect of income accrued prior to the date upon which he or she ceased to be a minor.