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Versions of s. 70(5.1)(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. 2017-01-01 to present available View Source
    theparagraphs taxpayer(5)(a) shalland be(b) deemeddo tonot have disposed of the property, immediately before the taxpayer’s death, for proceeds equal to 4/3 of that proportion of the cumulative eligible capital of the taxpayerapply in respect of the business that the fair market value immediately before that time of the property is of the fair market value immediately before that time of all of the eligible capital property of the taxpayer in respect of the business;property;
    Full text

    paragraphs (5)(a) and (b) do not apply in respect of the property;

  2. 2004-08-31 to 2017-01-01 View Source

    the taxpayer shall be deemed to have disposed of the property, immediately before the taxpayer’s death, for proceeds equal to 4/3 of that proportion of the cumulative eligible capital of the taxpayer in respect of the business that the fair market value immediately before that time of the property is of the fair market value immediately before that time of all of the eligible capital property of the taxpayer in respect of the business;