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Versions of s. 127.45(12)(b)

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. 2024-06-20 to present available View Source

    the amount determined by the formula A × (B ÷ C) where A is the amount of the taxpayer’s clean technology investment tax credit in respect of the particular property, B is in the case where the particular property is disposed of to a person who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, or in the case where the particular property is disposed of to a person who does not deal at arm’s length with the taxpayer, is converted to a non-clean technology use or is exported from Canada, the fair market value of the property, and C is the capital cost of the particular property on which the clean technology investment tax credit was deducted.