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Versions of s. 24(2)(c)

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
    forif the purposesamount ofthat determiningwas the cumulative eligible capital incost respectto the individual of the businessproperty of the spouse or common-law partner or corporation after that time, an amount equal toexceeds the amount determined under subparagraphparagraph 24(2)(b)(ii)70(5)(b) shallto be addedthe cost to the amountperson otherwisethat determinedacquired inthe respect thereofproperty, for Pthe inpurposes of sections 13 and 20 and any regulations made for the definitionpurpose cumulativeof eligibleparagraph capital in subsection 14(5); and20(1)(a),
    Full text

    if the amount that was the capital cost to the individual of the property exceeds the amount determined under paragraph 70(5)(b) to be the cost to the person that acquired the property, for the purposes of sections 13 and 20 and any regulations made for the purpose of paragraph 20(1)(a),

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

    for the purposes of determining the cumulative eligible capital in respect of the business of the spouse or common-law partner or corporation after that time, an amount equal to the amount determined under subparagraph 24(2)(b)(ii) shall be added to the amount otherwise determined in respect thereof for P in the definition cumulative eligible capital in subsection 14(5); and