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

Section 132 Disposition versions

1982-04-08

132. Every share of the share capital of a société d’entraide économique contemplated in section 131 or in section 210 of the Act respecting the sociétés d’entraide économique (chapter S-25.1) that an individual referred to in the said sections has acquired before 1 September 1982 from a taxpayer who had acquired it upon the continuance under Chapter II or under Title I of the Act respecting the sociétés d’entraide économique is, for the taxation year 1982, a share whose cost may be included in the aggregate contemplated in the first paragraph of one or the other of those sections, as the case may be, if the transferor has not availed himself of the deduction provided for in one or the other of those sections in respect of such share; the transferor is then no longer entitled to any deduction in respect of such share.

For the purposes of such deduction, section 128 applies, with the necessary modifications.

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

1982, c. 15, s. 132.