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I-3 - Taxation Act

Section 306.2
Disposition versions

Full text
306.2. Notwithstanding any other provision of this Part, the cost of any share of the capital stock of a corporation that becomes resident in Canada at a particular time to any shareholder that is not at that time resident in Canada is deemed to be equal to the fair market value of the share at that time.
However, the first paragraph does not apply if the share was taxable Canadian property immediately before the particular time.
1995, c. 49, s. 72; 1997, c. 3, s. 71; 2001, c. 53, s. 52.
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