Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 88(3)

I-3.3 — Income Tax Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2017-12-14 to present available View Source
    Notwithstanding subsection 69(5), if at any time a taxpayer receives a property (referred to in this subsection as the “distributed property”) from a foreign affiliate (referred to in this subsection as the “disposing affiliate”) of the taxpayer on a liquidation and dissolution of the disposing affiliate and the distributed property is received in respect of shares of the capital stock of the disposing affiliate that are disposed of on the liquidation and dissolution,
    Full text

    Notwithstanding subsection 69(5), if at any time a taxpayer receives a property (referred to in this subsection as the “distributed property”) from a foreign affiliate (referred to in this subsection as the “disposing affiliate”) of the taxpayer on a liquidation and dissolution of the disposing affiliate and the distributed property is received in respect of shares of the capital stock of the disposing affiliate that are disposed of on the liquidation and dissolution,

  2. 2013-06-26 to 2017-12-14 View Source
    WhereNotwithstanding onsubsection 69(5), if at any time a taxpayer receives a property (referred to in this subsection as the dissolution“distributed ofproperty”) from a controlled foreign affiliate (within(referred theto meaning assigned by subsection 95(1)) of a taxpayer (inin this subsection referred to as the “disposing affiliate”) oneof orthe moretaxpayer on a liquidation and dissolution of the disposing affiliate and the distributed property is received in respect of shares of the capital stock of anotherthe foreigndisposing affiliate ofthat the taxpayer have beenare disposed of toon the taxpayer,liquidation and dissolution,
    Full text

    Notwithstanding subsection 69(5), if at any time a taxpayer receives a property (referred to in this subsection as the “distributed property”) from a foreign affiliate (referred to in this subsection as the “disposing affiliate”) of the taxpayer on a liquidation and dissolution of the disposing affiliate and the distributed property is received in respect of shares of the capital stock of the disposing affiliate that are disposed of on the liquidation and dissolution,

  3. 2004-08-31 to 2013-06-26 View Source

    Where on the dissolution of a controlled foreign affiliate (within the meaning assigned by subsection 95(1)) of a taxpayer (in this subsection referred to as the “disposing affiliate”) one or more shares of the capital stock of another foreign affiliate of the taxpayer have been disposed of to the taxpayer,