Versions of s. 104(21.3)

I-3.3 — Income Tax Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2018-06-21 to present available View Source

For the purposes of this section, the net taxable capital gains of a trust for a taxation year is the amount, if any, determined by the formula A + B – C – D where A is the total of all amounts each of which is a taxable capital gain of the trust for the year from the disposition of a capital property that was held by the trust immediately before the disposition, B is the total of all amounts each of which is deemed by subsection (21) to be a taxable capital gain of the trust for the year, C is the total of all amounts each of which is an allowable capital loss (other than an allowable business investment loss) of the trust for the year from the disposition of a capital property, and D is the amount, if any, deducted under paragraph 111(1)(b) in computing the trust’s taxable income for the year.

Full text

For the purposes of this section, the net taxable capital gains of a trust for a taxation year is the amount, if any, determined by the formula A + B – C – D where A is the total of all amounts each of which is a taxable capital gain of the trust for the year from the disposition of a capital property that was held by the trust immediately before the disposition, B is the total of all amounts each of which is deemed by subsection (21) to be a taxable capital gain of the trust for the year, C is the total of all amounts each of which is an allowable capital loss (other than an allowable business investment loss) of the trust for the year from the disposition of a capital property, and D is the amount, if any, deducted under paragraph 111(1)(b) in computing the trust’s taxable income for the year.
2013-06-26 to 2018-06-21 View Source

For the purposes of this section, the net taxable capital gains of a trust for a taxation year is the amount, if any, determined by ~~which~~the formula A + B – C – D where A is the total of ~~the~~all amounts each of which is a taxable capital ~~gains~~gain of the trust for the year ~~exceeds~~from the disposition of a capital property that was held by the trust immediately before the disposition, B is the total of all amounts each of which is deemed by subsection (21) to be a taxable capital gain of the trust for the year, C is the total of all amounts each of which is an allowable capital loss (other than an allowable business investment loss) of the trust for the year from the disposition of a capital property, and D is the amount, if any, deducted under paragraph 111(1)(b) in computing the trust’s taxable income for the year.

Full text

For the purposes of this section, the net taxable capital gains of a trust for a taxation year is the amount, if any, determined by the formula A + B – C – D where A is the total of all amounts each of which is a taxable capital gain of the trust for the year from the disposition of a capital property that was held by the trust immediately before the disposition, B is the total of all amounts each of which is deemed by subsection (21) to be a taxable capital gain of the trust for the year, C is the total of all amounts each of which is an allowable capital loss (other than an allowable business investment loss) of the trust for the year from the disposition of a capital property, and D is the amount, if any, deducted under paragraph 111(1)(b) in computing the trust’s taxable income for the year.
2004-08-31 to 2013-06-26 View Source

For the purposes of this section, the net taxable capital gains of a trust for a taxation year is the amount, if any, by which the total of the taxable capital gains of the trust for the year exceeds the total of