S-25.1 - Act respecting the sociétés d’entraide économique

Section 208 Disposition versions

1991-06-20

208. (Repealed).

1981, c. 31, s. 208; 1991, c. 25, s. 183.

1982-01-13

208. A taxpayer who receives, upon the continuance of a caisse d’entraide as a société d’entraide économique governed by Title II, shares of the share capital of a société d’entraide économique may deduct from his tax otherwise payable under Part I of the Taxation Act (chapter I-3), for the taxation year 1981, 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 union subscribed before 23 August 1981 and paid before 30 November 1981.

For the purposes of that deduction, the beneficiary or subscriber of a registered retirement plan, registered retirement savings plan, registered home ownership savings plan or a deferred profit-sharing plan may also deduct the amount deductible under the first paragraph.

1981, c. 31, s. 208.