Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 142.4(6)(c)

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. 2004-08-31 to present available View Source

    the amount determined under this paragraph in respect of the disposition of a specified debt obligation by a taxpayer is the positive or negative amount determined by the formula A - (B + C) where A is the taxpayer’s proceeds of disposition, B is the tax basis of the obligation to the taxpayer immediately before the time of disposition, and C is the taxpayer’s transition amount in respect of the disposition.