I-3 - Taxation Act

Section 11.1.1.5 Disposition versions

2017-02-08

11.1.1.5. For the purpose of determining, for the purposes of sections 11.1.1 to 11.1.1.4, whether a person or partnership (in this section referred to as the “holder”) holds an eligible interest in an eligible entity, the holder is deemed to hold all of the shares or interests as a beneficiary or all the interests as a member, as the case may be, in the eligible entity held by

(a)  if the holder is a corporation,

i.  each corporation related to the holder, and

ii.  each person, other than a corporation, or partnership that is affiliated with the holder; and

(b)  if the holder is not a corporation, each person or partnership affiliated with the holder.

2017, c. 1, s. 71.