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← Historical versions

Versions of s. 24(2)(b)

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. 2017-01-01 to present available View Source
    in computing the cumulative eligible capital of the spouse orspouse, common-law partner or the corporation, as the case may be, in respect of the business, the spouse or common-law partner or corporation shall beis deemed to have acquired an eligible capitalthe property and to have made an eligible capital expenditure at that time at a cost equal to 4/3those ofproceeds; the total ofand
    Full text

    the spouse, common-law partner or corporation, as the case may be, is deemed to have acquired the property at a cost equal to those proceeds; and

  2. 2004-08-31 to 2017-01-01 View Source

    in computing the cumulative eligible capital of the spouse or common-law partner or the corporation, as the case may be, in respect of the business, the spouse or common-law partner or corporation shall be deemed to have acquired an eligible capital property and to have made an eligible capital expenditure at that time at a cost equal to 4/3 of the total of