I-3 - Taxation Act

Section 418.28 Disposition versions

2009-05-15

418.28. The particular amount referred to in subparagraph e of the first paragraph and the second paragraph of section 418.26 is the amount equal to the portion of the income of the transferor for the year referred to in that subparagraph, before any deduction under section 88.4 of the Act respecting the application of the Taxation Act (chapter I-4) and sections 359 to 419.6, that may reasonably be regarded as attributable

(a)  to the production from a Canadian resource property owned by the transferor immediately before the time referred to in the first paragraph of section 418.26; and

(b)  to the disposition, in the year referred to in subparagraph e of the first paragraph of section 418.26, of a Canadian resource property owned by the transferor immediately before the time referred to in that paragraph.

1989, c. 77, s. 49; 1998, c. 16, s. 251; 2009, c. 5, s. 137.

2006-03-01

418.28. The amount referred to in paragraph e of section 418.26 and which shall not be exceeded is the amount equal to the part of the income of the transferor for the year referred to in that paragraph, before any deduction under section 88.4 of the Act respecting the application of the Taxation Act (chapter I-4) and sections 359 to 419.6, that may reasonably be regarded as attributable

(a)  to the production from a Canadian resource property owned by the transferor immediately before the time referred to in section 418.26, and

(b)  to the disposition, in the year referred to in paragraph e of section 418.26, of a Canadian resource property owned by the transferor immediately before the time referred to in section 418.26.

1989, c. 77, s. 49; 1998, c. 16, s. 251.