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Versions of s. 188(5), definition “net value”

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. 2018-06-21 to present available View Source
    net value of property owned by a charitable foundation, as of the day of its transfer, means the amount determined by the formula A - B where A is the fair market value of the property on that day, and B is the amount of any consideration given to the foundation for the transfer. (valeur nette)
    Full text

    net value of property owned by a charitable foundation, as of the day of its transfer, means the amount determined by the formula A - B where A is the fair market value of the property on that day, and B is the amount of any consideration given to the foundation for the transfer. (valeur nette)

  2. 2004-08-31 to 2018-06-21 View Source

    net value of property owned by a charitable foundation, as of the day of its transfer, means the amount determined by the formula A - B where A is the fair market value of the property on that day, and B is the amount of any consideration given to the foundation for the transfer.