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Versions of s. 70(5.1)(c)

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
    where the beneficiary continues to carry on the business previously carried on by the taxpayer, the beneficiary shall beis deemed to have,have acquired the property at the time of the taxpayer’s death, acquired an eligible capital property and made an eligible capital expendituredeath at a cost equal to thethose totalproceeds; ofand
    Full text

    the beneficiary is deemed to have acquired the property at the time of the death at a cost equal to those proceeds; and

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

    where the beneficiary continues to carry on the business previously carried on by the taxpayer, the beneficiary shall be deemed to have, at the time of the taxpayer’s death, acquired an eligible capital property and made an eligible capital expenditure at a cost equal to the total of