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← Historical versions

Versions of s. 107.3(3)(b)

I-3.3 — Income Tax Act · 2 versions · View current text

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

  1. 2013-12-12 to present available View Source
    each beneficiary under the trust shall be deemed to have disposed immediately before that time is deemed to receive at that time from the trust an amount equal to the percentage of eachthe propertyfair heldmarket byvalue of the properties of the trust immediately after that time forthat proceedscan ofreasonably dispositionbe equalconsidered to itsbe fairthe marketbeneficiary’s valueinterest atin thatthe timetrust; and to have reacquired immediately after that time each such property for an amount equal to that fair market value;
    Full text

    each beneficiary under the trust immediately before that time is deemed to receive at that time from the trust an amount equal to the percentage of the fair market value of the properties of the trust immediately after that time that can reasonably be considered to be the beneficiary’s interest in the trust; and

  2. 2004-08-31 to 2013-12-12 View Source

    the trust shall be deemed to have disposed immediately before that time of each property held by the trust immediately after that time for proceeds of disposition equal to its fair market value at that time and to have reacquired immediately after that time each such property for an amount equal to that fair market value;