Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 212.1(6)(a)(i)

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. 2018-12-13 to present available View Source

    the holder is deemed, on a class-by-class basis, to have disposed, at that time, of the shares held by the conduit to the purchaser, and the purchaser is deemed to have acquired the shares, in the proportion expressed by the formula A/B where A is the portion of the fair market value, at that time, of the pertinent interest that is attributable to the shares held by the conduit, and B is the total fair market value, at that time, of the shares held by the conduit, and