Versions of s. 128.1(3)(a)

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

there is to be deducted an amount equal to the lesser of A and B, and added an amount equal to the lesser of A and C, where A is the absolute value of the difference between the total of all amounts deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of the class paid before that time by the corporation, and the total that would be determined under subparagraph (i) if this Act were read without reference to subsection (2), B is the total of all amounts required by subsection (2) to be added in computing the paid-up capital in respect of the class before that time, and C is the total of all amounts required by subsection (2) to be deducted in computing the paid-up capital in respect of the class before that time; and

Full text

there is to be deducted an amount equal to the lesser of A and B, and added an amount equal to the lesser of A and C, where A is the absolute value of the difference between the total of all amounts deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of the class paid before that time by the corporation, and the total that would be determined under subparagraph (i) if this Act were read without reference to subsection (2), B is the total of all amounts required by subsection (2) to be added in computing the paid-up capital in respect of the class before that time, and C is the total of all amounts required by subsection (2) to be deducted in computing the paid-up capital in respect of the class before that time; and
2012-12-14 to 2018-12-13 View Source

there is to be deducted an amount equal to the lesser of A and B, and added an amount equal to the lesser of A and C, where A is the absolute value of the difference between the total of all amounts deemed by subsection 84(3), (4) or (4.1) to be a dividend on shares of the class paid before that time by the corporation, and the total that would be determined under subparagraph (i) if this Act were read without reference to subsection (2), B is the total of all amounts required by subsection (2) to be added in computing the paid-up capital in respect of the class before that time, and C is the total of all amounts required by subsection (2) to be deducted in computing the paid-up capital in respect of the class before that time; and