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

Section 81
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81. For the purpose of computing, at any particular time after 1971, the adjusted cost base to a taxpayer of an interest in a partnership of which the taxpayer was a member on 31 December 1971 and thereafter without interruption until that particular time, subparagraph i of paragraph i of section 255 of the Taxation Act (chapter I-3) shall be read with “mines,” replaced by “mines, and the provisions of the Act respecting the application of the Taxation Act (chapter I-4) in respect of sections 105 to 110.1,”.
In addition, for that purpose, subparagraph i of paragraph l of section 257 of the Taxation Act shall be read with the figure “741” replaced by “741, and the provisions of the Act respecting the application of the Taxation Act (chapter I-4) that regard sections 105 to 110.1,”.
1972, c. 24, s. 80; 1978, c. 26, s. 225; 1984, c. 15, s. 248; 1985, c. 25, s. 165; 1998, c. 16, s. 255.
81. For the purpose of computing, at any particular time after 1971, the adjusted cost base to a taxpayer of an interest in a partnership of which he was a member on 31 December 1971 and thereafter without interruption until that time, the words “in respect of income”, in subparagraph i of paragraph i of section 255 of the Taxation Act, shall be read “in respect of sections 105 to 110.1 or of income”.
In addition, for the purposes of the computation described in the first paragraph after 28 October 1980 or of computing the adjusted cost base of such an interest that a taxpayer disposed of after 31 December 1976 and before 29 October 1980 if, in the latter case, the taxpayer, within 90 days after 18 March 1982, made an election under subsection 3 of section 58 or 59 of chapter 5 of the statutes of 1982, subparagraph i of paragraph l of section 257 of the said Act shall be read with the replacement of what follows the figure “744.1” by the following: “paragraph j of section 157, paragraphs g and h of section 489, the second paragraph of section 741 and the provisions of the Act respecting the application of the Taxation Act that regard sections 105 to 110.1, did not exist;”.
1972, c. 24, s. 80; 1978, c. 26, s. 225; 1984, c. 15, s. 248; 1985, c. 25, s. 165.
81. For the purpose of computing, at any particular time after 1971, the adjusted cost base to a taxpayer of an interest in a partnership of which he was a member on 31 December 1971 and thereafter without interruption until that time, the words “in respect of income”, in subparagraph i of paragraph i of section 255 of the Taxation Act, shall be read “in respect of sections 105 to 110.1 or of income”.
In addition, for the purposes of the computation described in the first paragraph after 28 October 1980 or of computing the adjusted cost base of such an interest that a taxpayer disposed of after 31 December 1976 and before 29 October 1980 if, in the latter case, the taxpayer, within 90 days after 18 March 1982, made an election under subsection 3 of section 58 or 59 of chapter 5 of the statutes of 1982, subparagraph i of paragraph l of section 257 of the said Act shall be read with the replacement of what follows the figure “744.1” by the following: “paragraph j of section 157, the second paragraph of section 741 and the provisions of the Act respecting the application of the Taxation Act (chapter I-4) that regard sections 105 to 110.1, did not exist;”.
1972, c. 24, s. 80; 1978, c. 26, s. 225; 1984, c. 15, s. 248.
81. For the purpose of computing, at any particular time after 1971, the adjusted cost base to a taxpayer of an interest in a partnership of which he was a member on 31 December 1971 and thereafter without interruption until that time, the words “in respect of income”, in subparagraph i of paragraph i of section 255 of the Taxation Act, shall be read “in respect of sections 105 to 110.1 or of income”.
Similarly, there shall be added after the number “293” in subparagraph i of paragraph l of section 257 of the said act, the words“, or those provisions of the Act respecting the application of the Taxation Act that regard sections 105 to 110.1,”.
1972, c. 24, s. 80; 1978, c. 26, s. 225.
81. For the purpose of computing, at any particular time after 1971, the adjusted cost base to a taxpayer of an interest in a partnership of which he was a member on 31 December 1971 and thereafter without interruption until that time, the words “in respect of income” in subparagraph i of paragraph i of section 255 of the Taxation Act shall be read: “in respect of sections 105 to 109 or of income”.
Similarly, there shall be added after the number “293” in subparagraph i of paragraph l of section 257 of the said act, the words “or of those provisions of the Act respecting the application of the Taxation Act that regard sections 105 to 109”.
1972, c. 24, s. 80.
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