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Versions of s. 122.1(1), definition “real estate investment trust”, para (d)

I-3.3 — Income Tax Act · 5 versions · View current text

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

  1. 2013-12-12 to present available View Source
    at each time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust each of which is a real or immovable property that is capital property, an eligible resale property, an indebtedness of a Canadian corporation represented by a bankers’ acceptance, a property described by paragraph (a) or (b) of the definition qualified investment in section 204 or a deposit with a credit union; and
    Full text

    at each time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust each of which is a real or immovable property that is capital property, an eligible resale property, an indebtedness of a Canadian corporation represented by a bankers’ acceptance, a property described by paragraph (a) or (b) of the definition qualified investment in section 204 or a deposit with a credit union; and

  2. 2013-06-26 to 2013-12-12 View Source
    at each time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust each of which is a real or immovable property that is capital property, an eligible resale property, an indebtedness of a Canadian corporation represented by a bankers’ acceptance, a property described by either paragraph (a) or (b) of the definition qualified investment in section 204,204 or a deposit with a credit union.union; and
    Full text

    at each time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust each of which is a real or immovable property that is capital property, an eligible resale property, an indebtedness of a Canadian corporation represented by a bankers’ acceptance, a property described by paragraph (a) or (b) of the definition qualified investment in section 204 or a deposit with a credit union; and

  3. 2009-03-12 to 2013-06-26 View Source
    at noeach time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust,trust each of which is a real or immovable propertyproperty, situatedindebtedness in Canada, cash, orof a Canadian corporation represented by a bankers’ acceptance, property described inby either paragraph (a) or (b) of the definition fullyqualified exempt interestinvestment in subsectionsection 212(3),204, lessor thana 75%deposit ofwith thea equitycredit value of the trust at that time.union.
    Full text

    at each time in the taxation year an amount, that is equal to 75% or more of the equity value of the trust at that time, is the amount that is the total fair market value of all properties held by the trust each of which is real or immovable property, indebtedness of a Canadian corporation represented by a bankers’ acceptance, property described by either paragraph (a) or (b) of the definition qualified investment in section 204, or a deposit with a credit union.

  4. 2008-01-01 to 2009-03-12 View Source
    at no time in the taxation year is the total fair market value of all properties held by the trust, each of which is a real or immovable property situated in Canada, cash, or a prop-ertyproperty described in clauseparagraph 212(1)(b)(ii)(C),(a) of the definition fully exempt interest in subsection 212(3), less than 75% of the equity value of the trust at that time.
    Full text

    at no time in the taxation year is the total fair market value of all properties held by the trust, each of which is a real or immovable property situated in Canada, cash, or a property described in paragraph (a) of the definition fully exempt interest in subsection 212(3), less than 75% of the equity value of the trust at that time.

  5. 2007-06-22 to 2008-01-01 View Source

    at no time in the taxation year is the total fair market value of all properties held by the trust, each of which is a real or immovable property situated in Canada, cash, or a prop-erty described in clause 212(1)(b)(ii)(C), less than 75% of the equity value of the trust at that time.