I-3 - Taxation Act

Section 692.7 Disposition versions

2006-03-01

692.7. For the purpose of applying paragraph a of section 692.6 in respect of a transfer by a transferor trust of property that includes a share and money, the other trust or trusts referred to in that section may receive, in lieu of a transfer of a fractional interest in a share that would otherwise be required, a disproportionate amount of money or interest in the share, the value of which does not exceed the lesser of $200 and the fair market value of the fractional interest.

2003, c. 2, s. 185.