Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 118.1(7.1)(d)

I-3.3 — Income Tax Act · 2 versions

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

  1. 2013-06-26 to 2014-12-16 View Source
    the individual is deemed to have received at the particular time proceeds of disposition in respect of the giftwork of art equal to the greater of its cost amount to the individual at that time.time and the amount of the advantage, if any, in respect of the gift.
    Full text

    the individual is deemed to have received at the particular time proceeds of disposition in respect of the work of art equal to the greater of its cost amount to the individual at that time and the amount of the advantage, if any, in respect of the gift.

  2. 2004-08-31 to 2013-06-26 View Source

    the individual is deemed to have received at the particular time proceeds of disposition in respect of the gift equal to its cost amount to the individual at that time.