Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 127.49(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 CTM investment tax credit in respect of the property, B is in the case where the property is disposed of to a person or partnership who deals at arm’s length with the taxpayer, the proceeds of disposition of the property, or in the case where the property is disposed of to a person or partnership who does not deal at arm’s length with the taxpayer, is converted to a non-CTM use or is exported from Canada, the fair market value of the property, and C is the capital cost of the property on which the CTM investment tax credit was deducted.