Versions of s. 127(29)(f)

I-3.3 — Income Tax Act · 2 versions · View current text

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

2018-06-21 to present available View Source

the amount determined by the formula A × B - C where A is the percentage applied by the transferee in determining its investment tax credit in respect of the qualified expenditure that was the subject of the agreement, B is where the particular property or the other property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of that property, and in any other case, the fair market value of the particular property or the other property at the time of the conversion or disposition, and C is the amount, if any, added to the taxpayer’s tax payable under subsection (27) in respect of the particular property.

Full text

the amount determined by the formula A × B - C where A is the percentage applied by the transferee in determining its investment tax credit in respect of the qualified expenditure that was the subject of the agreement, B is where the particular property or the other property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of that property, and in any other case, the fair market value of the particular property or the other property at the time of the conversion or disposition, and C is the amount, if any, added to the taxpayer’s tax payable under subsection (27) in respect of the particular property.
2004-08-31 to 2018-06-21 View Source

the amount determined by the formula A × B - C where A is the percentage applied by the transferee in determining its investment tax credit in respect of the qualified expenditure that was the subject of the agreement, B is where the particular property or the other property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of that property, and in any other case, the fair market value of the particular property or the other property at the time of the conversion or disposition, and C is the amount, if any, added to the taxpayer’s tax payable under subsection (27) in respect of the particular property.