Versions of s. 88(3.2)

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.

2017-12-14 to present available View Source

For the purposes of the description of A in paragraph (3)(d), net distribution amount in respect of a distribution of distributed property means the amount determined by the formula A – B where A is the cost to the taxpayer of the distributed property as determined under paragraph (3)(c), and B is the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the taxpayer in consideration for the distribution of the distributed property.

Full text

For the purposes of the description of A in paragraph (3)(d), net distribution amount in respect of a distribution of distributed property means the amount determined by the formula A – B where A is the cost to the taxpayer of the distributed property as determined under paragraph (3)(c), and B is the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the taxpayer in consideration for the distribution of the distributed property.
2013-06-26 to 2017-12-14 View Source

For the purposes of the description of A in paragraph (3)(d), net distribution amount in respect of a distribution of distributed property means the amount determined by the formula A – B where A is the cost to the taxpayer of the distributed property as determined under paragraph (3)(c), and B is the total of all amounts each of which is an amount owing (other than an unpaid dividend) by, or an obligation of, the disposing affiliate that was assumed or cancelled by the taxpayer in consideration for the distribution of the distributed property.