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Versions of s. 261(1), definition “functional currency”, para (b)

I-3.3 — Income Tax Act · 4 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2017-12-14 to present available View Source
    the primary currency in which the taxpayer maintains its records and books of account for financial reporting purposes. (monnaie fonctionnelle)
    Full text

    the primary currency in which the taxpayer maintains its records and books of account for financial reporting purposes. (monnaie fonctionnelle)

  2. 2016-12-15 to 2017-12-14 View Source
    the primary currency in which the taxpayer maintains its records and books of account for financial reporting purposes. (monnaie fonctionnelle)
    Full text

    the primary currency in which the taxpayer maintains its records and books of account for financial reporting purposes. (monnaie fonctionnelle)

  3. 2009-03-12 to 2016-12-15 View Source
    the primary currency thatin is, more often than any other currency, used inwhich the conducttaxpayer maintains its records and books of theaccount taxpayer’sfor principalfinancial businessreporting activities in the particular taxation year; andpurposes.
    Full text

    the primary currency in which the taxpayer maintains its records and books of account for financial reporting purposes.

  4. 2007-12-14 to 2009-03-12 View Source

    the currency that is, more often than any other currency, used in the conduct of the taxpayer’s principal business activities in the particular taxation year; and