Versions of s. 44.1(1), definition “acb reduction”

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.

2013-06-26 to present available View Source

ACB reduction of an individual in respect of a replacement share of the individual in respect of a qualifying disposition of the individual means the amount determined by the formula D × (E/F) where D is the permitted deferral of the individual in respect of the qualifying disposition; E is the cost to the individual of the replacement share; and F is the cost to the individual of all the replacement shares of the individual in respect of the qualifying disposition. (réduction du prix de base rajusté)

Full text

ACB reduction of an individual in respect of a replacement share of the individual in respect of a qualifying disposition of the individual means the amount determined by the formula D × (E/F) where D is the permitted deferral of the individual in respect of the qualifying disposition; E is the cost to the individual of the replacement share; and F is the cost to the individual of all the replacement shares of the individual in respect of the qualifying disposition. (réduction du prix de base rajusté)
2004-08-31 to 2013-06-26 View Source

ACB reduction of an individual in respect of a replacement share of the individual in respect of a qualifying disposition of the individual means the amount determined by the formula D × (E/F) where D is the permitted deferral of the individual in respect of the qualifying disposition; E is the cost to the individual of the replacement share; and F is the cost to the individual of all the replacement shares of the individual in respect of the qualifying disposition.