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

Section 92.5r9 Disposition versions

2012-09-01

92.5R9. The amount referred to in paragraph d of section 92.5R4 for a taxation year is the amount of interest that would be determined in respect of the year if interest on the debt obligation for that year were computed on a compound interest basis using the maximum of all rates each of which is the compound interest rate that, for a particular assumption with respect to when the taxpayer’s interest in the obligation will mature or be surrendered or retracted, results in a present value, at the date the taxpayer acquires the interest in the obligation, of all payments under the obligation after the acquisition by the taxpayer of the taxpayer’s interest in the obligation equal to the principal amount of the obligation at the date of acquisition.

s. 92.5R8.1; O.C. 1466-98, s. 13; O.C. 134-2009, s. 1.