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

Section 127 Disposition versions

1982-04-08

127. A taxpayer who has acquired at par value, before 1 September 1982, shares of a société d’entraide économique governed by Title II of the Act respecting the sociétés d’entraide économique (chapter S-25.1) from a person who acquired them upon the continuance of such a company under the said Act or under Chapter II, may deduct from his tax otherwise payable under Part I of the Taxation Act (chapter I-3), for the taxation year 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 of a caisse d’entraide économique subscribed before 23 August 1981 and paid before 30 November 1981.

This section applies to the taxation year 1982 and subsequent taxation years.

1982, c. 15, s. 127.