Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 110.6(15)(a)(ii)

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.

  1. 2017-01-01 to present available View Source
    the total fair market value of assets — other than assets described in any of subparagraphs (c)(i) to (iii) of the definition qualified small business corporation share in subsection (1), any of subparagraphs (a)(i) to (iii) of the definition share of the capital stock of a family farm or fishing corporation in subsection (1) or any of paragraphs (a) to (c) of the definition small business corporation in subsection 248(1), as the case may be — of any of those corporations that are not in excess of the fair market value of the assets immediately after the death of the insured, shall, until the later of be deemed not to exceed the cash surrender value (within the meaning assigned by subsection 148(9)) of the policy immediately before the death of the insured; and
    Full text

    the total fair market value of assets — other than assets described in any of subparagraphs (c)(i) to (iii) of the definition qualified small business corporation share in subsection (1), any of subparagraphs (a)(i) to (iii) of the definition share of the capital stock of a family farm or fishing corporation in subsection (1) or any of paragraphs (a) to (c) of the definition small business corporation in subsection 248(1), as the case may be — of any of those corporations that are not in excess of the fair market value of the assets immediately after the death of the insured, shall, until the later of be deemed not to exceed the cash surrender value (within the meaning assigned by subsection 148(9)) of the policy immediately before the death of the insured; and

  2. 2014-12-16 to 2017-01-01 View Source
    the total fair market value of assets (other— other than assets described in subparagraphany (c)(i),of (ii)subparagraphs or(c)(i) to (iii) of the definition qualified small business corporation share in subsection 110.6(1),(1), subparagraphany (b)(i),of (ii)subparagraphs or(a)(i) to (iii) of the definition share of the capital stock of a family farm or fishing corporation in subsection 110.6(1)(1) or paragraphany (a),of (b)paragraphs or(a) to (c) of the definition small business corporation in subsection 248(1), as the case may be)be — of any of those corporations that are not in excess of the fair market value of the assets immediately after the death of the insured, shall, until the later of be deemed not to exceed the cash surrender value (within the meaning assigned by subsection 148(9)) of the policy immediately before the death of the insured; and
    Full text

    the total fair market value of assets — other than assets described in any of subparagraphs (c)(i) to (iii) of the definition qualified small business corporation share in subsection (1), any of subparagraphs (a)(i) to (iii) of the definition share of the capital stock of a family farm or fishing corporation in subsection (1) or any of paragraphs (a) to (c) of the definition small business corporation in subsection 248(1), as the case may be — of any of those corporations that are not in excess of the fair market value of the assets immediately after the death of the insured, shall, until the later of be deemed not to exceed the cash surrender value (within the meaning assigned by subsection 148(9)) of the policy immediately before the death of the insured; and

  3. 2004-08-31 to 2014-12-16 View Source

    the total fair market value of assets (other than assets described in subparagraph (c)(i), (ii) or (iii) of the definition qualified small business corporation share in subsection 110.6(1), subparagraph (b)(i), (ii) or (iii) of the definition share of the capital stock of a family farm corporation in subsection 110.6(1) or paragraph (a), (b) or (c) of the definition small business corporation in subsection 248(1), as the case may be) of any of those corporations that are not in excess of the fair market value of the assets immediately after the death of the insured, shall, until the later of be deemed not to exceed the cash surrender value (within the meaning assigned by subsection 148(9)) of the policy immediately before the death of the insured; and