Versions of s. 212(3.4)

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.

2017-12-14 to present available View Source

If this subsection applies in respect of a particular relevant funder, for the purposes of subsections (3.2) to (3.4) (other than for the purpose of applying subsections (3.3) and (3.4) in respect of the particular relevant funder), each amount that is owed by the particular relevant funder, or that is the fair market value of a property in respect of which the particular relevant funder has been granted a specified right, under a relevant funding arrangement, is deemed to be the amount determined by the formula C/D x E where C is the amount owing or the fair market value of the property, as the case may be; D is the amount determined for A in subsection (3.3); and E is the amount determined for B in subsection (3.3).

Full text

If this subsection applies in respect of a particular relevant funder, for the purposes of subsections (3.2) to (3.4) (other than for the purpose of applying subsections (3.3) and (3.4) in respect of the particular relevant funder), each amount that is owed by the particular relevant funder, or that is the fair market value of a property in respect of which the particular relevant funder has been granted a specified right, under a relevant funding arrangement, is deemed to be the amount determined by the formula C/D x E where C is the amount owing or the fair market value of the property, as the case may be; D is the amount determined for A in subsection (3.3); and E is the amount determined for B in subsection (3.3).
2017-01-01 to 2017-12-14 View Source

If this subsection applies in respect of a particular relevant funder, for the purposes of subsections (3.2) to (3.4) (other than for the purpose of applying subsections (3.3) and (3.4) in respect of the particular relevant funder), each amount that is owed by the particular relevant funder, or that is the fair market value of a property in respect of which the particular relevant funder has been granted a specified right, under a relevant funding arrangement, is deemed to be the amount determined by the formula C/D x E where C is the amount owing or the fair market value of the property, as the case may be; D is the amount determined for A in subsection (3.3); and E is the amount determined for B in subsection (3.3).