I-4 - Act respecting the application of the Taxation Act

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19. The capital cost to a taxpayer, at a particular time after 1971, of depreciable property (other than depreciable property referred to in section 18 or deemed to have been acquired by the taxpayer before 1972 under subparagraph ii of paragraph b of section 15, or property that was, at any time, incorporeal capital property within the meaning of the Taxation Act (chapter I-3), as it read at that time) is deemed to be the fair market value of such property at the time of its acquisition, if the taxpayer acquired such property before 1972 as a dividend, if such property is not a stock dividend and if it is payable in kind in respect of a share that the taxpayer held as owner in the capital stock of a corporation.
1973, c. 17, s. 142; 2019, c. 142019, c. 14, s. 470.
19. The capital cost for a taxpayer, at a particular time after 1971, of depreciable property not contemplated by section 18 nor deemed acquired by him before 1972 under subparagraph ii of paragraph b of section 15 is deemed to be the fair market value of such property at the time of its acquisition, if the taxpayer acquired such property before 1972 as a dividend, if such property is not a share dividend and if it is payable in kind in respect of a share that the taxpayer held as owner in the capital stock of a corporation.
1973, c. 17, s. 142.