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← Historical versions

Versions of s. 49(2)(a)

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. 2013-06-26 to present available View Source
    the corporationoption shallis be deemed to have disposed of capital propertyheld, at that timetime, forby proceedsa equalperson who deals at arm’s length with the corporation and the option was granted by the corporation to thea proceedsperson receivedwho bywas itdealing forat arm’s length with the grantingcorporation ofat the option;time andthat the option was granted, or
    Full text

    the option is held, at that time, by a person who deals at arm’s length with the corporation and the option was granted by the corporation to a person who was dealing at arm’s length with the corporation at the time that the option was granted, or

  2. 2004-08-31 to 2013-06-26 View Source

    the corporation shall be deemed to have disposed of capital property at that time for proceeds equal to the proceeds received by it for the granting of the option; and