Versions of s. 44.1(1), definition “permitted deferral”

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

permitted deferral of an individual in respect of a qualifying disposition of the individual means the amount determined by the formula(G/H) × I where G is the lesser of the individual’s proceeds of disposition from the qualifying disposition and the total of all amounts each of which is the cost to the individual of a replacement share in respect of the qualifying disposition; H is the individual’s proceeds of disposition from the qualifying disposition; and I is the individual’s capital gain from the qualifying disposition. (montant de report autorisé)

Full text

permitted deferral of an individual in respect of a qualifying disposition of the individual means the amount determined by the formula(G/H) × I where G is the lesser of the individual’s proceeds of disposition from the qualifying disposition and the total of all amounts each of which is the cost to the individual of a replacement share in respect of the qualifying disposition; H is the individual’s proceeds of disposition from the qualifying disposition; and I is the individual’s capital gain from the qualifying disposition. (montant de report autorisé)
2004-08-31 to 2013-06-26 View Source

permitted deferral of an individual in respect of a qualifying disposition of the individual means the amount determined by the formula(G/H) × I where G is the lesser of the individual’s proceeds of disposition from the qualifying disposition and the total of all amounts each of which is the cost to the individual of a replacement share in respect of the qualifying disposition; H is the individual’s proceeds of disposition from the qualifying disposition; and I is the individual’s capital gain from the qualifying disposition.