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Versions of s. 212.1(6)(d)

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

    for the purpose of determining whether the subject corporation is connected with the purchaser corporation for the purposes of subsection (1) at any time, if at that time a conduit owns shares of the capital stock of the subject corporation, each holder of an interest in the conduit is deemed to own, at that time, the shares of each class of the capital stock of the subject corporation that are owned by the conduit the number of which is determined by the formula A × B/C where A is the total number of shares of the class of the capital stock of the subject corporation that are owned by the conduit at that time, B is the fair market value, at that time, of the holder’s interest in the conduit, and C is the total fair market value, at that time, of all direct interests (determined without reference to subsection (5)) in the conduit.