Versions of s. 107.4(4)

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.

2017-01-01 to present available View Source

Where(A - B) × (C/D) where A is the total fair market value at that time of all properties of the trust, B is the total of all amounts each of which is the amount of a debt owing by the trust at that time or the amount of any other obligation of the trust to pay any amount that is outstanding at that time, C is the fair market value at that time of the particular interest (determined without reference to this subsection), and D is the total fair market value at that time of all interests as beneficiaries under the trust (determined without reference to this subsection).

Full text

Where(A - B) × (C/D) where A is the total fair market value at that time of all properties of the trust, B is the total of all amounts each of which is the amount of a debt owing by the trust at that time or the amount of any other obligation of the trust to pay any amount that is outstanding at that time, C is the fair market value at that time of the particular interest (determined without reference to this subsection), and D is the total fair market value at that time of all interests as beneficiaries under the trust (determined without reference to this subsection).
2004-08-31 to 2017-01-01 View Source

Where(A - B) × (C/D) where A is the total fair market value at that time of all properties of the trust, B is the total of all amounts each of which is the amount of a debt owing by the trust at that time or the amount of any other obligation of the trust to pay any amount that is outstanding at that time, C is the fair market value at that time of the particular interest (determined without reference to this subsection), and D is the total fair market value at that time of all interests as beneficiaries under the trust (determined without reference to this subsection).