I-3 - Taxation Act

Section 1049.2.2.4 Disposition versions

2017-12-07

1049.2.2.4. (Repealed).

1988, c. 4, s. 132; 1992, c. 1, s. 187; 1997, c. 3, s. 71; 2017, c. 29, s. 201.

2006-03-01

1049.2.2.4. For the purposes of the first paragraph of section 1049.2.2.3, the average adjusted cost

(a)  of a particular share of the capital stock of a corporation is equal to the adjusted cost, determined under section 965.6, of the aggregate of the shares of the capital stock of the corporation issued with the stipulation that they could be included in a stock savings plan, divided by the number of such shares;

(b)  of a particular non-guaranteed convertible security issued by a corporation is equal to the adjusted cost, determined under section 965.6.0.5, of the aggregate of the non-guaranteed convertible securities issued by the corporation with the stipulation that they could be included in a stock savings plan, divided by the number of such non-guaranteed convertible securities.

1988, c. 4, s. 132; 1992, c. 1, s. 187; 1997, c. 3, s. 71.