I-3, r. 1 - Regulation respecting the Taxation Act

Section 851.22.11r5 Disposition versions

2012-09-01

851.22.11R5. For the purposes of section 851.22.11R4, the weighted average amortization date for a group of specified debt obligations disposed of on the same day by a taxpayer is,

(a)  if subparagraph b does not apply, the day that is the number of days after the day of disposition equal to the total of the number of days determined in respect of each obligation by the formula

A × B/C; or

(b)  the day that the taxpayer determines using a reasonable method for estimating the day determined under subparagraph a.

In the formula in subparagraph a of the first paragraph,

(a)  A is the number of days from the day of disposition to the amortization date for the obligation;

(b)  B is the residual portion of the gain or loss from the disposition of the obligation; and

(c)  C is the total of all amounts each of which is the residual portion of the gain or loss from the disposition of an obligation in the group.

O.C. 390-2012, s. 64.