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Versions of s. 125.7(1), definition “qualifying recovery entity”, para (d)

I-3.3 — Income Tax Act · 1 version · View current text

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

  1. 2021-06-29 to present available View Source

    if it is a partnership, throughout the qualifying period it is the case that A ≤ 0.5B where A is the total of all amounts, each of which is the fair market value of an interest in the partnership held — directly or indirectly, through one or more partnerships — by a person or partnership other than an eligible entity, or a corporation, other than a corporation that is exempt from tax under this Part, or is described in subparagraph (c)(i) or (ii), and B is the total fair market value of all interests in the partnership; and