I-3 - Taxation Act

Section 752.0.10.10.5 Disposition versions

2017-12-07

752.0.10.10.5. (Repealed).

2003, c. 2, s. 219; 2005, c. 38, s. 144; 2009, c. 15, s. 141; 2012, c. 8, s. 116; 2017, c. 29, s. 143.

2012-05-09

752.0.10.10.5. The rules to which section 752.0.10.10.4 refers in respect of an individual are as follows:

(a)  for the purposes of this chapter, except section 752.0.10.10.4, and of sections 985.1 to 985.22, 985.23.1 to 985.23.7, 985.23.9, 985.23.10, 985.24, 985.25 and 999.2, the transfer referred to in section 752.0.10.10.4 is deemed to be a gift made immediately before the individual’s death by the individual to the qualified donee referred to in section 752.0.10.10.4; and

(b)  the fair market value of the gift is deemed to be equal to the fair market value, at the time of the individual’s death, of the right to the transfer, determined without reference to any risk of default with regard to the obligations of the issuer of the arrangement described in section 752.0.10.10.4.

2003, c. 2, s. 219; 2005, c. 38, s. 144; 2009, c. 15, s. 141; 2012, c. 8, s. 116.

2009-06-04

752.0.10.10.5. The rules to which section 752.0.10.10.4 refers in respect of an individual are as follows:

(a)  for the purposes of this chapter, except section 752.0.10.10.4, and of sections 985.1 to 985.22, 985.24 and 985.25, the transfer referred to in section 752.0.10.10.4 is deemed to be a gift made immediately before the individual’s death by the individual to the qualified donee referred to in section 752.0.10.10.4; and

(b)  the fair market value of the gift is deemed to be equal to the fair market value, at the time of the individual’s death, of the right to the transfer, determined without reference to any risk of default with regard to the obligations of the issuer of the arrangement described in section 752.0.10.10.4.

2003, c. 2, s. 219; 2005, c. 38, s. 144; 2009, c. 15, s. 141.

2006-03-01

752.0.10.10.5. Where this section applies to an individual, in respect of a registered retirement savings plan or registered retirement income fund, by reason of section 752.0.10.10.4,

(a)  for the purposes of this chapter, other than sections 752.0.10.10.4, 985.1 to 985.22, 985.24 and 985.25, the transfer referred to in that section is deemed to be a gift made immediately before the individual’s death by the individual to the qualified donee referred to in section 752.0.10.10.4; and

(b)  the fair market value of the gift is deemed to be the fair market value, at the time of the individual’s death, of the right to the transfer, determined without reference to any risk of default with regard to the obligations of the issuer of the plan or the carrier of the fund.

2003, c. 2, s. 219; 2005, c. 38, s. 144.