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I-3 - Taxation Act

Section 1100
Disposition versions

Full text
1100. The Minister shall issue without delay to the person contemplated in section 1099 and to the purchaser, upon receipt of the notice sent under the said section and upon payment, on account of tax payable by such person, of an amount equal to 12.875% of the excess of the proceeds of disposition of the property over its adjusted cost base immediately before its disposition or upon furnishing of a surety acceptable to the Minister in that respect, a certificate in prescribed form attesting such facts.
1972, c. 23, s. 823; 1991, c. 25, s. 174; 2003, c. 2, s. 296; 2005, c. 23, s. 239; 2015, c. 21, s. 502.
1100. The Minister shall issue without delay to the person contemplated in section 1099 and to the purchaser, upon receipt of the notice sent under the said section and upon payment, on account of tax payable by such person, of an amount equal to 12% of the excess of the proceeds of disposition of the property over its adjusted cost base immediately before its disposition or upon furnishing of a surety acceptable to the Minister in that respect, a certificate in prescribed form attesting such facts.
1972, c. 23, s. 823; 1991, c. 25, s. 174; 2003, c. 2, s. 296; 2005, c. 23, s. 239.
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