Versions of s. 142.4(1), definition “tax basis”, para (d)

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

2004-08-31 to present available View Source

subject to subsection 138(13), where the taxpayer is a life insurer, an amount in respect of the obligation that was deemed by paragraph 142(3)(a) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as it read in its application to the 1977 taxation year, to be a gain for a taxation year ending before 1978,