I-3 - Taxation Act

Full text
21.0.6. For the purposes of this Part, a taxpayer is at a particular time subject to a loss restriction event if
(a)  the taxpayer is a corporation and at that time control of the corporation is acquired by a person or group of persons; or
(b)  the taxpayer is a trust and
i.  that time is after 20 March 2013 and after the time at which the trust is created, and
ii.  at that time a person becomes a majority-interest beneficiary, or a group of persons becomes a majority-interest group of beneficiaries, of the trust.
2017, c. 12017, c. 1, s. 72.