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← Historical versions

Versions of s. 204.6(1)

I-3.3 — Income Tax Act · 4 versions · View current text

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

  1. 2023-04-01 to present available View Source
    If at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), (d) or (f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to the total of all amounts each of which is an amount determined in respect of such a property by the formula 0.01(A × B ÷ C) where A is the fair market value of the property at the time of its acquisition by the taxpayer; B is the total number of units or shares of the capital stock of the registered investment held at the end of the month by one or more trusts that are governed by any of a FHSA, RDSP, RESP, RRIF, RRSP, TFSA or deferred profit sharing plan, or registered investments described in paragraph 204.4(2)(b), (d) or (f); and C is the total number of issued units or issued and outstanding shares of the capital stock of the registered investment at the end of the month.
    Full text

    If at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), (d) or (f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to the total of all amounts each of which is an amount determined in respect of such a property by the formula 0.01(A × B ÷ C) where A is the fair market value of the property at the time of its acquisition by the taxpayer; B is the total number of units or shares of the capital stock of the registered investment held at the end of the month by one or more trusts that are governed by any of a FHSA, RDSP, RESP, RRIF, RRSP, TFSA or deferred profit sharing plan, or registered investments described in paragraph 204.4(2)(b), (d) or (f); and C is the total number of issued units or issued and outstanding shares of the capital stock of the registered investment at the end of the month.

  2. 2022-12-15 to 2023-04-01 View Source
    WhereIf at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), 204.4(2)(d)(d) or 204.4(2)(f)(f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to 1%the total of all amounts each of which is an amount determined in respect of such a property by the formula 0.01(A × B ÷ C) where A is the fair market value of the property at the time of its acquisition by the taxpayer; B is the total number of eachunits suchor property.shares of the capital stock of the registered investment held at the end of the month by one or more trusts that are governed by any of a RDSP, RESP, RRIF, RRSP, TFSA or deferred profit sharing plan, or registered investments described in paragraph 204.4(2)(b), (d) or (f); and C is the total number of issued units or issued and outstanding shares of the capital stock of the registered investment at the end of the month.
    Full text

    If at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), (d) or (f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to the total of all amounts each of which is an amount determined in respect of such a property by the formula 0.01(A × B ÷ C) where A is the fair market value of the property at the time of its acquisition by the taxpayer; B is the total number of units or shares of the capital stock of the registered investment held at the end of the month by one or more trusts that are governed by any of a RDSP, RESP, RRIF, RRSP, TFSA or deferred profit sharing plan, or registered investments described in paragraph 204.4(2)(b), (d) or (f); and C is the total number of issued units or issued and outstanding shares of the capital stock of the registered investment at the end of the month.

  3. 2013-06-26 to 2022-12-15 View Source
    Where at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), 204.4(2)(d) or 204.4(2)(f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to 1% of the fair market value at the time of its acquisition of each such property.
    Full text

    Where at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), 204.4(2)(d) or 204.4(2)(f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to 1% of the fair market value at the time of its acquisition of each such property.

  4. 2004-08-31 to 2013-06-26 View Source

    Where at the end of any month a taxpayer that is a registered investment described in paragraph 204.4(2)(b), 204.4(2)(d) or 204.4(2)(f) holds property that is not a prescribed investment for that taxpayer, it shall, in respect of that month, pay a tax under this Part equal to 1% of the fair market value at the time of its acquisition of each such property.