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I-3 - Taxation Act

Section 776.19
Disposition versions

Full text
776.19. For the purposes of this Part, where in a taxation year a person has acquired and is the first holder of a share in respect of which an amount was designated by a corporation under subsection 4 of section 192 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), the cost to the person of that share is deemed to be that provided for in the second paragraph.
The cost to a person of a share contemplated in the first paragraph is equal to the amount by which
(a)  its cost as otherwise determined to the person contemplated therein exceeds
(b)  the designated amount contemplated therein in respect of the share.
1985, c. 25, s. 134; 1997, c. 3, s. 71; 2017, c. 29, s. 161.
776.19. For the purposes of this Part except Title VI.1 of Book VII, where in a taxation year a person has acquired and is the first holder of a share in respect of which an amount was designated by a corporation under subsection 4 of section 192 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement), the cost to him of that share is deemed to be that provided for in the second paragraph.
The cost to a person of a share contemplated in the first paragraph is equal to the amount by which
(a)  its cost as otherwise determined to the person contemplated therein exceeds
(b)  the designated amount contemplated therein in respect of the share.
1985, c. 25, s. 134; 1997, c. 3, s. 71.
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