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Versions of s. 107(2)(f)(ii)

I-3.3 — Income Tax Act · 1 version

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

  1. 2004-08-31 to 2017-01-01 View Source

    for the purpose of determining after that time the amount required by paragraph 14(1)(b) to be included in computing the taxpayer’s income in respect of any subsequent disposition of property of the business, there shall be added to the value otherwise determined for Q in the definition cumulative eligible capital in subsection 14(5) the amount determined by the formula A × B/C where A is the amount, if any, determined for Q in that definition in respect of the business of the trust immediately before the distribution, B is the fair market value of the property so distributed immediately before the distribution, and C is the fair market value immediately before the distribution of all eligible capital property of the trust in respect of the business.