C-3.1 - Act respecting certain caisses d’entraide économique

Section 125 Disposition versions

1982-04-08

125. A taxpayer who receives shares of the share capital of a société d’entraide économique resulting from a continuance under Chapter II may deduct from his tax otherwise payable under Part I of the Taxation Act (chapter I-3) for the taxation year 1981 or 1982, an amount not exceeding 25% of the par value of those shares insofar as the shares are the result of the conversion of the share capital subscribed before 23 August 1981 and paid before 30 November 1981.

This section applies to the taxation year 1981 and subsequent taxation years.

1982, c. 15, s. 125.