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

Section 140.1r3 Disposition versions

2012-09-01

140.1R3. The loans and lending assets of a taxpayer referred to in subparagraph ii of subparagraph a of the first paragraph of section 140.1R2 do not include the loans and lending assets acquired by the taxpayer before 1 November 1988 from a person with whom the taxpayer dealt at arm’s length, if the taxpayer elects to have this section apply by notifying the Minister in writing, with supporting evidence, that the taxpayer has made a valid election with the Minister of National Revenue under section 8003 of the Income Tax Regulations made under the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) concerning the application of subparagraph ii of paragraph a of section 8000 of those Regulations.

s. 140.1R3; O.C. 366-94, s. 17; O.C. 35-96, s. 86; O.C. 1466-98, s. 126; O.C. 1451-2000, s. 66; O.C. 134-2009, s. 1.