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I-3 - Taxation Act

Section 251.3
Disposition versions

Full text
251.3. The taxable capital gain otherwise determined under section 668 of an individual for a taxation year as a result of a designation made under that section by a flow-through entity shall be reduced by such amount as the individual claims, not exceeding 1/2 of the individual’s exempt capital gains balance for the year in respect of the entity.
1996, c. 39, s. 69; 2003, c. 2, s. 81; 2019, c. 14, s. 99.
251.3. The taxable capital gain otherwise determined under section 668 of an individual for a taxation year as a result of a designation made under that section by a flow-through entity shall be reduced by such amount as the individual claims, not exceeding, subject to section 251.5.1, 1/2 of the individual’s exempt capital gains balance for the year in respect of the entity.
1996, c. 39, s. 69; 2003, c. 2, s. 81.
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