C-3.1 - Act respecting certain caisses d’entraide économique

Section 128 Disposition versions

1982-04-08

128. Section 127 applies only if the transferor and transferee jointly make an election to that effect in the form prescribed by the Minister of Revenue. That form must be transmitted to the Minister of Revenue by the transferee and the transferor not later than 30 April 1983. Furthermore, the form of the transferee must be accompanied with a certificate of transfer of shares in the form prescribed by the Minister of Revenue.

The certificate of transfer must be established by the société d’entraide économique in respect of any share contemplated in the said section that the transferor transfers to the transferee before 1 September 1982.

This section applies to the taxation year 1982 and subsequent taxation years.

1982, c. 15, s. 128.