Versions of s. 128.1(1)(c.3)(i)

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.

2018-12-13 to present available View Source

in computing the paid-up capital, at any time after the time that is immediately after the particular time, of any particular class of shares of the capital stock of the taxpayer there is to be deducted the amount determined by the formula A × B/C where A is the lesser of the paid-up capital in respect of all of the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and the total of all amounts each of which is the fair market value at the particular time of a share of the capital stock of a subject affiliate owned by the taxpayer at the particular time, or an amount owing by the subject affiliate to the taxpayer at the particular time, B is the paid-up capital in respect of the particular class of shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and C is the paid-up capital in respect of all the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and

Full text

in computing the paid-up capital, at any time after the time that is immediately after the particular time, of any particular class of shares of the capital stock of the taxpayer there is to be deducted the amount determined by the formula A × B/C where A is the lesser of the paid-up capital in respect of all of the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and the total of all amounts each of which is the fair market value at the particular time of a share of the capital stock of a subject affiliate owned by the taxpayer at the particular time, or an amount owing by the subject affiliate to the taxpayer at the particular time, B is the paid-up capital in respect of the particular class of shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and C is the paid-up capital in respect of all the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and
2012-12-14 to 2018-12-13 View Source

in computing the paid-up capital, at any time after the time that is immediately after the particular time, of any particular class of shares of the capital stock of the taxpayer there is to be deducted the amount determined by the formula A × B/C where A is the lesser of the paid-up capital in respect of all of the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and the total of all amounts each of which is the fair market value at the particular time of a share of the capital stock of a subject affiliate owned by the taxpayer at the particular time, or an amount owing by the subject affiliate to the taxpayer at the particular time, B is the paid-up capital in respect of the particular class of shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and C is the paid-up capital in respect of all the shares of the capital stock of the taxpayer at the time that is immediately after the particular time, and