Versions of s. 108(1), definition “cost amount”, para (b)

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.

2017-12-14 to present available View Source

in any other case, the amount determined by the formula(A - B) × C/D where A is the total of all money of the trust on hand immediately before that time, and all amounts each of which is the cost amount to the trust, immediately before that time, of each other property of the trust, B is the total of all amounts each of which is the amount of any debt owing by the trust, or of any other obligation of the trust to pay any amount, that was outstanding immediately before that time, C is the fair market value at that time of the capital interest or part thereof, as the case may be, in the trust, and D is the fair market value at that time of all capital interests in the trust; (coût indiqué)

Full text

in any other case, the amount determined by the formula(A - B) × C/D where A is the total of all money of the trust on hand immediately before that time, and all amounts each of which is the cost amount to the trust, immediately before that time, of each other property of the trust, B is the total of all amounts each of which is the amount of any debt owing by the trust, or of any other obligation of the trust to pay any amount, that was outstanding immediately before that time, C is the fair market value at that time of the capital interest or part thereof, as the case may be, in the trust, and D is the fair market value at that time of all capital interests in the trust; (coût indiqué)
2016-12-15 to 2017-12-14 View Source

in any other case, the amount determined by the formula(A - B) × C/D where A is the total of all money of the trust on hand immediately before that time, and all amounts each of which is the cost amount to the trust, immediately before that time, of each other property of the trust, B is the total of all amounts each of which is the amount of any debt owing by the trust, or of any other obligation of the trust to pay any amount, that was outstanding immediately before that time, C is the fair market value at that time of the capital interest or part thereof, as the case may be, in the trust, and D is the fair market value at that time of all capital interests in the trust; (coût indiqué)

Full text

in any other case, the amount determined by the formula(A - B) × C/D where A is the total of all money of the trust on hand immediately before that time, and all amounts each of which is the cost amount to the trust, immediately before that time, of each other property of the trust, B is the total of all amounts each of which is the amount of any debt owing by the trust, or of any other obligation of the trust to pay any amount, that was outstanding immediately before that time, C is the fair market value at that time of the capital interest or part thereof, as the case may be, in the trust, and D is the fair market value at that time of all capital interests in the trust; (coût indiqué)
2004-08-31 to 2016-12-15 View Source

in any other case, the amount determined by the formula(A - B) × C/D where A is the total of all money of the trust on hand immediately before that time, and all amounts each of which is the cost amount to the trust, immediately before that time, of each other property of the trust, B is the total of all amounts each of which is the amount of any debt owing by the trust, or of any other obligation of the trust to pay any amount, that was outstanding immediately before that time, C is the fair market value at that time of the capital interest or part thereof, as the case may be, in the trust, and D is the fair market value at that time of all capital interests in the trust;