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Versions of s. 34.2(4)(b)

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. 2013-12-12 to present available View Source
    wherethe portion of the amount that, because of subparagraph (5)(a)(i) or (ii), was taxable capital gains for that preceding year is deemed to be an amountallowable wascapital deductibleloss under this subsection in computingof the taxpayer’s incomecorporation for athe precedingcurrent taxation year from the business,disposition theof amount included under subsection 34.2(5) in computing the taxpayer’s income for the particular year from the business; andproperty.
    Full text

    the portion of the amount that, because of subparagraph (5)(a)(i) or (ii), was taxable capital gains for that preceding year is deemed to be an allowable capital loss of the corporation for the current taxation year from the disposition of property.

  2. 2004-08-31 to 2011-12-15 View Source

    where an amount was deductible under this subsection in computing the taxpayer’s income for a preceding taxation year from the business, the amount included under subsection 34.2(5) in computing the taxpayer’s income for the particular year from the business; and