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Versions of s. 70(5.1)(b)

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
    subject to paragraph 70(5.1)(c), the beneficiarytaxpayer shall beis deemed to havehave, acquiredimmediately a capital property atbefore the timetaxpayer’s death, disposed of the taxpayer’sproperty deathand atreceived aproceeds costof disposition equal to the proceedslesser referredof the capital cost and the cost amount to inthe paragraphtaxpayer 70(5.1)(a);of the property immediately before the death;
    Full text

    the taxpayer is deemed to have, immediately before the taxpayer’s death, disposed of the property and received proceeds of disposition equal to the lesser of the capital cost and the cost amount to the taxpayer of the property immediately before the death;

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

    subject to paragraph 70(5.1)(c), the beneficiary shall be deemed to have acquired a capital property at the time of the taxpayer’s death at a cost equal to the proceeds referred to in paragraph 70(5.1)(a);