I-3 - Taxation Act

Section 21.5.1 Disposition versions

2006-03-01

21.5.1. For the purposes of paragraph b of section 21.5, the owner of the share must be

(a)  a corporation referred to in any of paragraphs a to e.1 of the definition of “specified financial institution” in section 1;

(b)  a corporation that is controlled by one or more corporations referred to in paragraph a,

(c)  a corporation that acquired the share after 11 December 1979 and is related to a corporation referred to in paragraph a or b, or

(d)  a partnership or trust of which a corporation referred to in paragraph a or b or a person related thereto is a member or a beneficiary.

1984, c. 15, s. 7; 1989, c. 5, s. 26; 1990, c. 59, s. 12; 1997, c. 3, s. 71; 2001, c. 53, s. 6.