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I-3 - Taxation Act

Section 554
Disposition versions

Full text
554. If the capital property disposed of that is referred to in section 551 is a share or an option to acquire such a share that is a taxable Québec property or taxable Canadian property of the taxpayer, the share or option received as consideration is deemed to be, at any time that is within 60 months after the amalgamation referred to in that section, a taxable Québec property or taxable Canadian property of the taxpayer, as the case may be.
1975, c. 22, s. 134; 1996, c. 39, s. 154; 2011, c. 6, s. 137.
554. Where the capital property disposed of that is referred to in section 551 is a share or an option to acquire such a share which is, to the taxpayer, taxable Québec property or taxable Canadian property, as the case may be, the share or the option received as consideration is deemed to be such property, respectively, of the taxpayer.
1975, c. 22, s. 134; 1996, c. 39, s. 154.
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