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

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57. For the purposes of this chapter, the actual cost to a taxpayer, at a given time after 1971, of capital property which he has received before 1972 and owned by him thereafter without interruption until that given time is its fair market value at the time when it was received if it was received as a dividend which is not a stock dividend and which is payable in kind on a share owned by him or if it was received from a retirement plan, a retirement savings plan, a profit sharing plan, a deferred profit sharing plan or a supplementary unemployment benefit plan; in the case of a share received as a stock dividend, that cost is the amount which the taxpayer was deemed to have received as a dividend under subsection 1 of section 112 of the former Tax Act respecting individuals on account of the receipt of that share.
1973, c. 17, s. 148; 1975, c. 22, s. 270; 2019, c. 142019, c. 14, s. 475.
57. For the purposes of this chapter, the actual cost to a taxpayer, at a given time after 1971, of capital property which he has received before 1972 and owned by him thereafter without interruption until that given time is its fair market value at the time when it was received if it was received as a dividend which is not a share dividend and which is payable in kind on a share owned by him or if it was received from a retirement plan, a retirement savings plan, a profit sharing plan, a deferred profit sharing plan or a supplementary unemployment benefit plan; in the case of a share received as a share dividend, that cost is the amount which the taxpayer was deemed to have received as a dividend under subsection 1 of section 112 of the former Tax Act respecting individuals on account of the receipt of that share.
1973, c. 17, s. 148; 1975, c. 22, s. 270.