Versions of s. 88(3.4)(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.

2017-12-14 to present available View Source

the amount determined by the following formula does not exceed the total of all amounts each of which is the capital gain amount in respect of a disposed share: A – B where A is the total of all amounts that would, in the absence of subsection (3.3), be determined under paragraph (3)(a) to be the proceeds of disposition of a distributed property in respect of which an election under subsection (3.3) is made by the taxpayer, and B is the total of all amounts each of which is the claimed amount in respect of a distributed property referred to in the description of A.

Full text

the amount determined by the following formula does not exceed the total of all amounts each of which is the capital gain amount in respect of a disposed share: A – B where A is the total of all amounts that would, in the absence of subsection (3.3), be determined under paragraph (3)(a) to be the proceeds of disposition of a distributed property in respect of which an election under subsection (3.3) is made by the taxpayer, and B is the total of all amounts each of which is the claimed amount in respect of a distributed property referred to in the description of A.
2013-06-26 to 2017-12-14 View Source

the amount determined by the following formula does not exceed the total of all amounts each of which is the capital gain amount in respect of a disposed share: A – B where A is the total of all amounts that would, in the absence of subsection (3.3), be determined under paragraph (3)(a) to be the proceeds of disposition of a distributed property in respect of which an election under subsection (3.3) is made by the taxpayer, and B is the total of all amounts each of which is the claimed amount in respect of a distributed property referred to in the description of A.