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Versions of s. 93(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.

  1. 2013-06-26 to present available View Source
    in computing the adjusted cost base to the vendortransferee of alla sharesshare of anya particular class of the capital stock of thean acquired affiliate that is owned by the vendortransferee immediately after the disposition, there shallis to be added anthe amount determined by the formula(Aformula[(A -– B) × C/DC/D]/E where A is the total of all amounts each of which is the cost amount to the vendortransferee, immediately before the dispositiondisposition, of the sharesa disposed of,share, B is the total of the total of all amounts each of which is the proceeds of disposition of the sharesa disposed of,share, and the total of all amounts deducted under paragraph 93(2)(d) in computingrespect of the computation of losses of the vendortransferee from the dispositions of the sharesdisposed shares, each of which is, in respect of the disposition of a disposed of,share, the amount by which the amount for A in the formula in paragraph (2.01)(a) exceeds the amount determined by that formula, C is the fair market value, immediately after the disposition, of all shares of thatthe particular class ownedowned, immediately after the disposition, by itthe at that time, andtransferee, D is the fair market value, immediately after the disposition, of all shares owned, immediately after the disposition, by the transferee of the capital stock of theall acquired affiliateaffiliates, and E is the number of shares of the particular class that are owned by itthe attransferee thatimmediately time.after the disposition.
    Full text

    in computing the adjusted cost base to the transferee of a share of a particular class of the capital stock of an acquired affiliate that is owned by the transferee immediately after the disposition, there is to be added the amount determined by the formula[(A – B) × C/D]/E where A is the total of all amounts each of which is the cost amount to the transferee, immediately before the disposition, of a disposed share, B is the total of the total of all amounts each of which is the proceeds of disposition of a disposed share, and the total of all amounts in respect of the computation of losses of the transferee from the dispositions of the disposed shares, each of which is, in respect of the disposition of a disposed share, the amount by which the amount for A in the formula in paragraph (2.01)(a) exceeds the amount determined by that formula, C is the fair market value, immediately after the disposition, of all shares of the particular class owned, immediately after the disposition, by the transferee, D is the fair market value, immediately after the disposition, of all shares owned, immediately after the disposition, by the transferee of the capital stock of all acquired affiliates, and E is the number of shares of the particular class that are owned by the transferee immediately after the disposition.

  2. 2004-08-31 to 2013-06-26 View Source

    in computing the adjusted cost base to the vendor of all shares of any particular class of the capital stock of the acquired affiliate owned by the vendor immediately after the disposition, there shall be added an amount determined by the formula(A - B) × C/D where A is the cost amount to the vendor immediately before the disposition of the shares disposed of, B is the total of the proceeds of disposition of the shares disposed of, and the total of all amounts deducted under paragraph 93(2)(d) in computing losses of the vendor from the dispositions of the shares disposed of, C is the fair market value, immediately after the disposition, of all shares of that particular class owned by it at that time, and D is the fair market value, immediately after the disposition, of all shares of the capital stock of the acquired affiliate owned by it at that time.