Versions of s. 51(1)(d.1)

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

there shall be deducted, after the exchange, in computing the adjusted cost base to the taxpayer of a share acquired by the taxpayer on the exchange, the amount determined by the formula A × B/C where A is the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before the exchange, the adjusted cost base to the taxpayer of the convertible property, B is the fair market value, immediately after the exchange, of that share, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange,

Full text

there shall be deducted, after the exchange, in computing the adjusted cost base to the taxpayer of a share acquired by the taxpayer on the exchange, the amount determined by the formula A × B/C where A is the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before the exchange, the adjusted cost base to the taxpayer of the convertible property, B is the fair market value, immediately after the exchange, of that share, 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

there shall be deducted, after the exchange, in computing the adjusted cost base to the taxpayer of a share acquired by the taxpayer on the exchange, the amount determined by the formula A × B/C where A is the total of all amounts deducted under paragraph 53(2)(g.1) in computing, immediately before the exchange, the adjusted cost base to the taxpayer of the convertible property, B is the fair market value, immediately after the exchange, of that share, and C is the fair market value, immediately after the exchange, of all the shares acquired by the taxpayer on the exchange,