Versions of s. 51(1)(d)

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

the cost to the taxpayer of all the shares of a particular class acquired by the taxpayer on the exchange shall be deemed to be the amount determined by the formula A × B/C where A is the adjusted cost base to the taxpayer of the convertible property immediately before the exchange, B is the fair market value, immediately after the exchange, of all the shares of the particular class acquired by the taxpayer on the exchange, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange,

Full text

the cost to the taxpayer of all the shares of a particular class acquired by the taxpayer on the exchange shall be deemed to be the amount determined by the formula A × B/C where A is the adjusted cost base to the taxpayer of the convertible property immediately before the exchange, B is the fair market value, immediately after the exchange, of all the shares of the particular class acquired by the taxpayer on the exchange, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange,
2004-08-31 to 2013-06-26 View Source

the cost to the taxpayer of all the shares of a particular class acquired by the taxpayer on the exchange shall be deemed to be the amount determined by the formula A × B/C where A is the adjusted cost base to the taxpayer of the convertible property immediately before the exchange, B is the fair market value, immediately after the exchange, of all the shares of the particular class acquired by the taxpayer on the exchange, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange,