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

Section 129 Disposition versions

1982-04-08

129. In no case where an election contemplated in section 128 has been made in respect of a share may the transferor avail himself in respect thereof of the deduction contemplated in section 125, 126 or 130 or in section 208 or 209 of the Act respecting the sociétés d’entraide économique (chapter S-25.1).

Furthermore, if the transferor has already availed himself of all or part of the deduction contemplated by those sections in respect of such share, he shall, not later than 30 April 1983, repay to the Minister of Revenue the amount deducted under those sections for the taxation year 1981 or 1982, as the case may be.

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

1982, c. 15, s. 129.