Versions of s. 261(9)(b)(i)

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

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

where the property was acquired by the taxpayer in a functional currency year of the taxpayer preceding the particular Canadian currency year, the cost (determined in the taxpayer’s functional currency for the functional currency year) to the taxpayer of the property is to be converted to Canadian currency using the reversionary exchange rate of the taxpayer for that functional currency year, and