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← Historical versions

Versions of s. 118.1(5.1)(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.

  1. 2018-01-01 to present available View Source
    the subject of the gift is property that was acquired by the estate on and as a consequence of the death or is property that was substituted for that property.
    Full text

    the subject of the gift is property that was acquired by the estate on and as a consequence of the death or is property that was substituted for that property.

  2. 2014-12-16 to 2018-01-01 View Source
    athe transfersubject of money,the orgift ais transferproperty that was acquired by meansthe ofestate aon negotiable instrument, is madeand as a consequence of the individual’s death and solely because of the obligations under the policy, from an insurer to a qualified donee (other than a transfer the amount of whichor is notproperty includedthat inwas computing the income of the individual or the individual’s estatesubstituted for anythat taxation year but would have been included in computing the income of the individual or the individual’s estate for a taxation year if the transfer had been made to the individual’s legal representative for the benefit of the individual’s estate and this Act were read without reference to subsection 70(3));property.
    Full text

    the subject of the gift is property that was acquired by the estate on and as a consequence of the death or is property that was substituted for that property.

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

    a transfer of money, or a transfer by means of a negotiable instrument, is made as a consequence of the individual’s death and solely because of the obligations under the policy, from an insurer to a qualified donee (other than a transfer the amount of which is not included in computing the income of the individual or the individual’s estate for any taxation year but would have been included in computing the income of the individual or the individual’s estate for a taxation year if the transfer had been made to the individual’s legal representative for the benefit of the individual’s estate and this Act were read without reference to subsection 70(3));