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

Section 818r68 Disposition versions

2023-09-26

818R68. The value for a taxation year of a property of a person or partnership, in this division referred to as the “owner”, is

(a)  (paragraph revoked);

(b)  (paragraph revoked);

(c)  in the case of a property that was not owned by the owner throughout the year, the amount by which that proportion of the carrying value of the property at the end of the preceding taxation year, if the property was owned by the owner at that time, of the carrying value of the property at the end of the year, if the property was owned by the owner at that time and not at the end of the preceding taxation year or, in any other case, of the cost of the property to the owner when it was acquired, that the number of days in the year at the end of which the owner owned the property is of the number of days in the year, exceeds the amount described in section 818R69; or

(d)  in the case of any other property, the amount by which 50% of the aggregate of the carrying value of the property at the end of the year and the carrying value of the property at the end of the preceding taxation year exceeds the amount described in section 818R69.

s. 818R66; O.C. 1463-2001, s. 86; O.C. 134-2009, s. 1; S.Q. 2023, c. 19, s. 160.

2012-09-01

818R68. The value for a taxation year of a property of a person or partnership, in this division referred to as the “owner”, is

(a)  in the case of a property that is an obligation secured by a hypothec or mortgage, an agreement of sale or an investment property that is a deposit balance, the amount by which the amount obtained when the gross investment revenue of the owner for the year from the property is divided by the average rate of interest earned by the owner, expressed as an annual rate, on the amortized cost of the property during the year exceeds the amount described in section 818R69;

(b)  in the case of a property that is an amount due or an amount accrued to the owner, the amount obtained when the aggregate of all amounts each of which is an amount due or accrued at the end of each day in the year is divided by the number of days in the year;

(c)  in the case of a property, other than a property referred to in paragraph a or b, that was not owned by the owner throughout the year, the amount by which that proportion of the carrying value of the property at the end of the preceding taxation year, if the property was owned by the owner at that time, of the carrying value of the property at the end of the year, if the property was owned by the owner at that time and not at the end of the preceding taxation year or, in any other case, of the cost of the property to the owner when it was acquired, that the number of days in the year at the end of which the owner owned the property is of the number of days in the year, exceeds the amount described in section 818R69; or

(d)  in the case of any other property, the amount by which 50% of the aggregate of the carrying value of the property at the end of the year and the carrying value of the property at the end of the preceding taxation year exceeds the amount described in section 818R69.

s. 818R66; O.C. 1463-2001, s. 86; O.C. 134-2009, s. 1.