I-3 - Taxation Act

Section 1101.2 Disposition versions

2009-06-04

1101.2. A person (in this section referred to as the “purchaser”) who acquires a property from a person not resident in Canada (in this section referred to as the “vendor”) provides notice in accordance with this section if the purchaser sends to the Minister, on or before the day that is 30 days after the date of the acquisition, a notice setting out

(a)  the date of the acquisition of the property;

(b)  the name and address of the vendor;

(c)  a description of the property sufficient to identify it;

(d)  the amount paid or payable by the purchaser for the property; and

(e)  the name of the country with which Canada has entered into a tax agreement, within the meaning of section 1, under which the property is a tax-agreement-protected property, within the meaning of that section, for the purposes of section 1101.1 or 1102.5.

2009, c. 15, s. 370.