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Versions of s. 95(2)(c)(ii)

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. 2018-12-13 to present available View Source
    the cost to the disposing affiliate of each share of a class of the capital stock of the acquiring affiliate that is receivable by the disposing affiliate as consideration for the disposition is deemed to be the amount determined by the formula(A – B) × C/D where A is the total of all amounts each of which is the relevant cost base to the disposing affiliate at that time, in respect of the taxpayer, of a share disposed of, B is the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate), C is the fair market value, immediately after that time, of the share, and D is the fair market value, immediately after that time, of all shares of the capital stock of the acquiring affiliate receivable by the disposing affiliate as consideration for the disposition,
    Full text

    the cost to the disposing affiliate of each share of a class of the capital stock of the acquiring affiliate that is receivable by the disposing affiliate as consideration for the disposition is deemed to be the amount determined by the formula(A – B) × C/D where A is the total of all amounts each of which is the relevant cost base to the disposing affiliate at that time, in respect of the taxpayer, of a share disposed of, B is the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate), C is the fair market value, immediately after that time, of the share, and D is the fair market value, immediately after that time, of all shares of the capital stock of the acquiring affiliate receivable by the disposing affiliate as consideration for the disposition,

  2. 2013-06-26 to 2018-12-13 View Source
    the cost to the disposing affiliate of anyeach sharesshare of anya class of the capital stock of the acquiring affiliate that is receivable by the disposing affiliate as consideration for the disposition shall beis deemed to be thatthe proportionamount ofdetermined by the amount,formula(A if– any,B) by× whichC/D where A is the total of all amounts each of which is the relevant cost basesbase to it, immediately before the disposition,disposing affiliate at that time, in respect of the sharestaxpayer, of a share disposed ofof, exceedsB is the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate)affiliate), C is the fair market value, immediately after that time, of the share, and D is the fair market value, immediately after that time, of all shares of the capital stock of the acquiring affiliate receivable by the disposing affiliate as consideration for the disposition,
    Full text

    the cost to the disposing affiliate of each share of a class of the capital stock of the acquiring affiliate that is receivable by the disposing affiliate as consideration for the disposition is deemed to be the amount determined by the formula(A – B) × C/D where A is the total of all amounts each of which is the relevant cost base to the disposing affiliate at that time, in respect of the taxpayer, of a share disposed of, B is the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate), C is the fair market value, immediately after that time, of the share, and D is the fair market value, immediately after that time, of all shares of the capital stock of the acquiring affiliate receivable by the disposing affiliate as consideration for the disposition,

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

    the cost to the disposing affiliate of any shares of any class of the capital stock of the acquiring affiliate receivable by the disposing affiliate as consideration for the disposition shall be deemed to be that proportion of the amount, if any, by which the total of the relevant cost bases to it, immediately before the disposition, of the shares disposed of exceeds the fair market value at that time of the consideration receivable for the disposition (other than shares of the capital stock of the acquiring affiliate) that is of