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Versions of s. 261(5)(g)

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
    the definition foreign currency in subsection 248(1) is, in respect of the taxpayer and the taxation year, and with such modifications as the context requires, to be read as follows:
    Full text

    the definition foreign currency in subsection 248(1) is, in respect of the taxpayer and the taxation year, and with such modifications as the context requires, to be read as follows:

  2. 2009-03-12 to 2017-12-14 View Source
    inthe determining,definition atforeign any timecurrency in thesubsection particular248(1) functional currency year, the amount (expressed in the taxpayer’s functional currency for the particular functional currency year) of the taxpayer’s paid-up capital in respect of any class of shares of its capital stock, any amount (determined in Canadian currency) added or deducted in computing the taxpayer’s paid-up capitalis, in respect of the classtaxpayer inand athe taxation yearyear, precedingand with such modifications as the initialcontext functional currency year of the taxpayer isrequires, to be convertedread toas the taxpayer’s functional currency for the particular functional currency year using the transitional exchange rate of the taxpayer;follows:
    Full text

    the definition foreign currency in subsection 248(1) is, in respect of the taxpayer and the taxation year, and with such modifications as the context requires, to be read as follows:

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

    in determining, at any time in the particular functional currency year, the amount (expressed in the taxpayer’s functional currency for the particular functional currency year) of the taxpayer’s paid-up capital in respect of any class of shares of its capital stock, any amount (determined in Canadian currency) added or deducted in computing the taxpayer’s paid-up capital in respect of the class in a taxation year preceding the initial functional currency year of the taxpayer is to be converted to the taxpayer’s functional currency for the particular functional currency year using the transitional exchange rate of the taxpayer;