Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 181.2(5)

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.

  1. 2013-06-26 to present available View Source
    For the purposes of subsection 181.2(4),(4) and this subsection, the carrying value,value at the end of a taxation year,year of an interest of a corporation inor of a partnership shall(each beof which is referred to in this subsection as the “member”) in a particular partnership is deemed to be anthe member’s specified proportion, for the particular partnership’s last fiscal period that ends at or before the end of the taxation year, of the amount equalthat towould, if the particular partnership were a corporation, be the particular partnership’s investment allowance at the end of that proportionfiscal ofperiod.
    Full text

    For the purposes of subsection (4) and this subsection, the carrying value at the end of a taxation year of an interest of a corporation or of a partnership (each of which is referred to in this subsection as the “member”) in a particular partnership is deemed to be the member’s specified proportion, for the particular partnership’s last fiscal period that ends at or before the end of the taxation year, of the amount that would, if the particular partnership were a corporation, be the particular partnership’s investment allowance at the end of that fiscal period.

  2. 2004-08-31 to 2013-06-26 View Source

    For the purposes of subsection 181.2(4), the carrying value, at the end of a taxation year, of an interest of a corporation in a partnership shall be deemed to be an amount equal to that proportion of