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Versions of s. 261(15)(b)

I-3.3 — Income Tax Act · 3 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
    if the later year is a reversionary year of the taxpayer and the current year is a functional currency year of the taxpayer,
    Full text

    if the later year is a reversionary year of the taxpayer and the current year is a functional currency year of the taxpayer,

  2. 2009-03-12 to 2017-12-14 View Source
    subject to subsection (17), where there has been an amalgamation (withinif the meaninglater assignedyear byis subsectiona 87(1))reversionary year of two or more corporations (each suchthe taxpayer referred to in this subsection and subsectionthe (17)current asyear is a “predecessor”)functional tocurrency formyear one corporate entity (referred to in this subsection and subsection (17) asof the “new corporation”) the new corporation is deemed to be the same corporation as and a continuation of each such predecessor corporation.taxpayer,
    Full text

    if the later year is a reversionary year of the taxpayer and the current year is a functional currency year of the taxpayer,

  3. 2007-12-14 to 2009-03-12 View Source

    subject to subsection (17), where there has been an amalgamation (within the meaning assigned by subsection 87(1)) of two or more corporations (each such taxpayer referred to in this subsection and subsection (17) as a “predecessor”) to form one corporate entity (referred to in this subsection and subsection (17) as the “new corporation”) the new corporation is deemed to be the same corporation as and a continuation of each such predecessor corporation.