Versions of s. 131(6), definition “capital gains redemptions”

I-3.3 — Income Tax Act · 3 versions · View current text

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

2019-01-01 to present available View Source

capital gains redemptions of a mutual fund corporation for a taxation year means the amount determined by the formula A/B × (C + D) where A is the sum of the total of all amounts paid by the corporation in the year on the redemption of shares of its capital stock, and the total of all amounts each of which is an amount equal to the fair market value of the shares of the corporation’s capital stock that were exchanged in the year for other shares of the corporation’s capital stock if paragraph (4.1) applies to the exchange, and the amount is not included in the amount determined for paragraph (a), B is the total of the fair market value at the end of the year of all the issued shares of its capital stock and the amount determined for A in respect of the corporation for the year, C is 100/14 of the corporation’s refundable capital gains tax on hand at the end of the year, and D is the amount determined by the formula(K + L) - (M + N) where K is the amount of the fair market value at the end of the year of all the issued shares of the corporation’s capital stock, L is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the corporation at that time of all its properties, and N is the amount of any money of the corporation on hand at that time; (rachats au titre des gains en capital)

Full text

capital gains redemptions of a mutual fund corporation for a taxation year means the amount determined by the formula A/B × (C + D) where A is the sum of the total of all amounts paid by the corporation in the year on the redemption of shares of its capital stock, and the total of all amounts each of which is an amount equal to the fair market value of the shares of the corporation’s capital stock that were exchanged in the year for other shares of the corporation’s capital stock if paragraph (4.1) applies to the exchange, and the amount is not included in the amount determined for paragraph (a), B is the total of the fair market value at the end of the year of all the issued shares of its capital stock and the amount determined for A in respect of the corporation for the year, C is 100/14 of the corporation’s refundable capital gains tax on hand at the end of the year, and D is the amount determined by the formula(K + L) - (M + N) where K is the amount of the fair market value at the end of the year of all the issued shares of the corporation’s capital stock, L is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the corporation at that time of all its properties, and N is the amount of any money of the corporation on hand at that time; (rachats au titre des gains en capital)
2017-01-01 to 2019-01-01 View Source

capital gains redemptions of a mutual fund corporation for a taxation year means the amount determined by the formula A/B × (C + D) where A is the sum of the total of all amounts paid by the corporation in the year on the redemption of shares of its capital stock, and the total of all amounts each of which is an amount equal to the fair market value of the shares of the corporation’s capital stock that were exchanged in the year for other shares of the corporation’s capital stock if paragraph (4.1) applies to the exchange, and the amount is not included in the amount determined for paragraph (a), B is the total of the fair market value at the end of the year of all the issued shares of its capital stock and the amount determined for A in respect of the corporation for the year, C is 100/14 of the corporation’s refundable capital gains tax on hand at the end of the year, and D is the amount determined by the formula(K + L) - (M + N) where K is the amount of the fair market value at the end of the year of all the issued shares of the corporation’s capital stock, L is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the corporation at that time of all its properties, and N is the amount of any money of the corporation on hand at that time; (rachats au titre des gains en capital)

Full text

capital gains redemptions of a mutual fund corporation for a taxation year means the amount determined by the formula A/B × (C + D) where A is the sum of the total of all amounts paid by the corporation in the year on the redemption of shares of its capital stock, and the total of all amounts each of which is an amount equal to the fair market value of the shares of the corporation’s capital stock that were exchanged in the year for other shares of the corporation’s capital stock if paragraph (4.1) applies to the exchange, and the amount is not included in the amount determined for paragraph (a), B is the total of the fair market value at the end of the year of all the issued shares of its capital stock and the amount determined for A in respect of the corporation for the year, C is 100/14 of the corporation’s refundable capital gains tax on hand at the end of the year, and D is the amount determined by the formula(K + L) - (M + N) where K is the amount of the fair market value at the end of the year of all the issued shares of the corporation’s capital stock, L is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the corporation at that time of all its properties, and N is the amount of any money of the corporation on hand at that time; (rachats au titre des gains en capital)
2004-08-31 to 2017-01-01 View Source

capital gains redemptions of a mutual fund corporation for a taxation year means the amount determined by the formula A/B × (C + D) where A is the total of all amounts paid by the corporation in the year on the redemption of shares of its capital stock, B is the total of the fair market value at the end of the year of all the issued shares of its capital stock and the amount determined for A in respect of the corporation for the year, C is 100/14 of the corporation’s refundable capital gains tax on hand at the end of the year, and D is the amount determined by the formula(K + L) - (M + N) where K is the amount of the fair market value at the end of the year of all the issued shares of the corporation’s capital stock, L is the total of all amounts each of which is the amount of any debt owing by the corporation, or of any other obligation of the corporation to pay an amount, that was outstanding at that time, M is the total of the cost amounts to the corporation at that time of all its properties, and N is the amount of any money of the corporation on hand at that time;