I-3 - Taxation Act

Section 965.3.2 Disposition versions

2017-12-07

965.3.2. (Repealed).

1987, c. 21, s. 39; 1997, c. 3, s. 71; 2017, c. 29, s. 166.

2006-03-01

965.3.2. The assets of a corporation which, within the 365 days preceding the date of the receipt for the final prospectus or of the exemption from filing a prospectus, results from an amalgamation within the meaning of section 544 are equivalent to the greater of the following amounts:

(a)  the greatest amount, where such is the case, of the assets, as determined under section 965.3 of the corporation resulting from the amalgamation; and

(b)  the amount of the aggregate of the assets of each of the predecessor corporations as determined under section 965.3 by replacing the reference in that section to its financial statements submitted to the shareholders for its last taxation year ended before the date of the receipt for the final prospectus or of the exemption from filing a prospectus by a reference to its financial statements submitted to the shareholders for each of the taxation years ended during the 365 days preceding the time of amalgamation and taking account of only the greatest amount, where such is the case, of the assets of each of the predecessor corporations.

1987, c. 21, s. 39; 1997, c. 3, s. 71.