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Versions of s. 237.3(1), definition “avoidance transaction”

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. 2023-06-22 to present available View Source
    avoidance transaction hasmeans a transaction if it may reasonably be considered that one of the meaningmain assignedpurposes byof subsectionthe 245(3).transaction, or of a series of transactions of which the transaction is a part, is to obtain a tax benefit. (opération d’évitement)
    Full text

    avoidance transaction means a transaction if it may reasonably be considered that one of the main purposes of the transaction, or of a series of transactions of which the transaction is a part, is to obtain a tax benefit. (opération d’évitement)

  2. 2013-06-26 to 2023-06-22 View Source

    avoidance transaction has the meaning assigned by subsection 245(3). (opération d’évitement)